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1
22/4/2000

Financial Times, page 19 of MONEY section:

Autonomy has struck a deal with C2day.com, a student portal, to enable it to use the Cambridge based s/w co.s technology to create personalised content from the web for its student users.

Autonomy has also invested an undisclosed amount in the group. C2day said the technology would monitor information from relevant sites and from its own and automatically generate links to complimentary content that can then be sent to students by e-mail or phone.

Students will also have access to Autonomys Active Knowledge tool. This sits on a computer screen and automatically finds relevant material from the web.

C2day was founded last year by a trio of former City execs, initially called SOStudent, then merged with Campus2day, a German Student site.

Most competitors are national. They are in talks with some of these with a view to purchase. The UK version of the site is due to launch in June.
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4 AUG 2000
 AUTONOMY($43, -$4.5) Listed on Nasdaq & Easdaq, the UK s/w co. yesterday demonstrated new speech technology as it released strong 1st ½ results. The s/w allows real-time and recorded speech to be searched for written strings. They are talking to BSkyB about usingh it on dig TV to call up relevant text or internet based info when a viewer is looking at a TV programme. They've had approaches from Fortune 100 companies, which want to be able to search archives of phone calls to their call centres to find out if a question currently being asked has been asked before. The s/w is based on work done at Software Sound, aquired by Autonomy in April, will be available in the next 2 ¼s. It cannot be used with Autonomy's existing s/w that applies mathematical probabilities to find unstructured text. The speech product will add 10-15% to a large Autonomy order. The co. added extra tech. staff in the 1st ½ to work on the new s/w. but still reported a pre-tax profit of £3.7m. for the 6 months to June (-$939K). Revenues for 1st ½ increased x3 to $26.3m 2nd ¼ revenues were also strong rising from $14.6m to $14.6m. The company has little competition either in terms of technology or management skills.It is also considering a London listing which could lift its shares. The P/E is 600. Limiting factor on its growth seems to be the speed at which the 3rd paries that sell its s/w can integrate the products into their own.
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14th Oct 2000
 FT:Software house AUTONOMY is getting a listing on the LSE in December. The float will be based on on the sale of half of the $800m stake owned by one of AUTONOMY's earliest backers, venture capital house APAX. Its original investiment cost $2m. Capitalised at $6bn, AUTONOMY is expected to join the FTSE 100.
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4th Nov 2000
 Mike Lynch, founder of Autonomy pocketed £41m from selling 5% of his holding when the internet database s/w Co. listed in London. Its already listed on Nasdaq. The shares rose 8% for a capitalisation of £4.5bn. -250 times next years earnings - and ensuring immediate entry into the FTSE 100. Lex said the price assumed flawless execution of Autonomy's plans, and suggested Lynch and his CEO Richard Gaunt should give up their part time jobs with their other Co. , Neurodynamics.
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15th Nov 2000
 (AFX-Focus) 2000-11-15 11:43 GMT: STOCKWATCH: Autonomy Corp firm as brokers greet top-range Q3 earningsLONDON (AFX) - Shares in Autonomy Corp PLC were firm at midday in a mixed technology market, as brokers greeted its top of the range third quarter results, dealers said. At 11.33 am, shares were up 24 pence at 3,385. Autonomy today announced third-quarter profits at 9.2 mln usd, from 5.1 mln in the second quarter, with sales at 17.6 mln against 14.6 mln last time. Analysts were forecasting revenue between 15.1 mln usd and 17.6 mln, while pretax profit was forecast at between 3.0 mln usd and 9.2 mln. "Top line growth 20 pct sequentially and 109 pct year on year is clearly very impressive, but more important is the margin improvement," CSFB analyst Bernd Volkel commented. "The fact that the gross margins improved from 90 pct in Q2 to 95 pct shows the tremendous scalability of their business model." The margin growth is driven by Autonomy's thin exposure to the consultancy side of the business, which typically represents around 30 pct of other software companies' revenues. Less than 10 pct of total revenues comes from Autonomy's low margin services operations, Volkel said. "For such a young company, it's quite astonishing that they get between 80 and 85 pct of their revenues from the indirect channel, which basically means they have a very lean organization," he added. Autonomy chief executive Mike Lynch told a conference call to journalists this morning that gross margins will carry on "in the low 90s" in the medium term, with the figure likely to benefit through the introduction of OEM revenues which operate on gross margins of around 100 pct. Margins may also reduce the amortisation of development costs on Autonomy's Dynamic Reasoning Engine technology is completed next year, Lynch said, adding that the company's long-term goal sees operating margins at around 40 pct. Volkel agreed, commenting: "Margins will remain volatile going forward, but the numbers are sustainable in the long-term. "The long term business model says they can get operating margins somewhere between 30 and 40 pct, and it looks like they can get there faster than expected." CSFB reiterated its 'buy' stance and target of 4,500 pence following the numbers. Volkel said he would be upgrading forecasts slightly, partly to account for the faster than expected release of Autonomy's voice recognition indexing software, which captures and indexes the general meaning of a conversation. "The product is now fully integrated and they expect revenues in Q4 this year -- ahead of what the market was expecting, as most people had those numbers built into Q1 next year," Vogel said. bge/mkp For more information and to contact AFX: www.afxnews.com and www.afxpress.com
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8 JAN 2001
 Market Eye:08/01/2001 07:32:41 Autonomy Corp : Reseller agreement with IBM :The company has announced a strategic alliance with IBM Global Services. Through this agreement, IBM Global Services worldwide consultants will have the right to resell and implement the full line of Autonomy products.
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9 MAR 2001
 AUTONOMY STRENGTHENS PRESENCE IN TELECOMMUNICATIONS SECTOR WITH MULTIPLE CUSTOMER WINS New signings build on telecoms customer base established over last five months Autonomy Corporation plc (EASDAQ: AUTN. NASDAQ: AUTN, LSE: AU.), a leading provider of infrastructure software for the Web and the enterprise, today announced that it has extended its reach into the telecoms sectors with the signing of three new blue-chip telecoms corporations - Nortel, Telecom Italia and MCI Worldcom. These new wins build on other significant wins in this sector announced by Autonomy over the past five months, including Ericsson, Sonera, Qwest Communications and Level 3. * Nortel - Nortel's EMEA Sales Academy has selected Autonomy's Active KnowledgeTM and Portal-in-a-BoxTM technologies to enable sales personnel to benefit from automated, personalised access to competitive intelligence, product information and marketing support. This sale was completed through CMG Admiral, an Autonomy partner. * Telecom Italia - I.T. Telecom (part of the Telecom Italia Group, Italy's number one telecoms company), has adopted Autonomy's technology in its Banksiel and Finsiel divisions. Banksiel and Finsiel will use Autonomy to power an enterprise information infrastructure designed to deliver relevant market analysis and technical documentation across organisations. * MCI Worldcom - MCI Worldcom, a preeminent global communications company, has purchased Autonomy's infrastructure technology to automate the hypertext linking and the delivery of key information within its sales and marketing portal. Autonomy's technology delivers the materials employees need to serve their customers and bring products to market faster - including sales presentations, product brochures and marketing documents - based on the concepts contained within them. Dr. Mike Lynch, founder and Group CEO of Autonomy Corporation plc, commented: 'This latest substantial increase of our reach into the telecoms market demonstrates excellent progress and a continuing validation of both our technology and our business model. Our increased penetration into various industry sectors highlights the fact that Autonomy's infrastructure technology serves as the supporting layer for the automation of unstructured information across all applications, and is therefore a must-have technology in the drive to increase business efficiency.' At the heart of Autonomy's software is its ability to analyse text and voice (in any language) and identify and rank the main concepts within it. It can then automatically categorise, link, personalise and deliver that information. The technology is used to automate these operations within enterprise information portals, customer relationship management, knowledge management and e-business applications.
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