Dr. Lynch: Autonomy makes a technology which allows computers to understand information that is in a human friendly form. I would say 80% of information inside companies is in a form that wouldn’t fit into the corporate database, things like email, web pages, telephone calls, video and word documents. This unstructured information normally has to be dealt with by human beings reading it and understanding it. What we make is technology that reads it, understands it and deals with it without human beings needing to be present.
TWST: Can we take a quick look at the highlights from your most recent financial results?
Dr. Lynch: The Company delivered its thirteenth consecutive quarter of profitability, profit before tax was actually up 80% over the previous quarter. We saw very strong performance in our OEM program where other software companies build our technology into their products. And we announced some key deals there with Vignette and Novell. In fact, the royalty stream from our OEM business was up 100% over the previous quarter. Our gross margins still stay very high at 96%, our average selling price was pretty flat and stable and we saw a clutch of blue chip customer wins. Another nice aspect was R&D, which continued to increase and was actually up 20% over the previous year and 40% over the two previous years.
Tickers included in this excerpt: AUTN
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