Any views on where this stock might be headed?
Its already down by 250 from its high of just a few weeks back and if i knew anything about charts,WHICH I DON,T,maybe it is time to cash a few in

The market doesn't seem over impressed. Down 7% to 1225p.

Fantastic buying oppertunity this morning

UPDATE: Autonomy 2Q Net Profit Up 67%; Cautiously Optimistic





(Adds detail, analysts' comments.)


By Kathy Sandler
Of DOW JONES NEWSWIRES

LONDON -(Dow Jones)- U.K. information-retrieval software company Autonomy Corp. PLC (AU.LN) Thursday said second quarter net profit rose 67% to $50.9 million and it remains cautiously optimistic despite uncertain markets.

Autonomy, which makes software that helps companies keep track of their growing mountain of e-mails, phone calls and documents, has seen demand surge as the regulatory burden on companies has grown over the past few years, most notably in the U.S.

The Cambridge, England-based company reported revenue in the three months to end-June up 55% to $195 million and earnings per share adjusted for non-cash items, restructuring costs and share of losses from associates up 38% to $0.26, in line with a pre-announcement issued by the company two weeks ago.

Revenues were driven by strong organic growth as well as a full quarter of sales from Interwoven, the content management software company it bought earlier this year.

Autonomy said the integration of Interwoven, which has increased the company's exposure to the lucrative U.S. legal search market, was essentially complete and Interwoven's support and maintenance renewal rates had resumed strong levels after disruption following the acquisition.

That disruption had hurt deferred revenue in the first quarter, which is revenue that the company has already received but hasn't yet booked because the work hasn't been carried out.

But with the integration now complete, deferred revenue rose to $170 million in the second quarter, from $163.7 million in the previous quarter and up from $104.8 million last year.

The company generated free cash flow of $65.4 million in the second quarter, more than double the $35.5 million in the same period last year.

Strong cash generation and a $190 million cash balance in the quarter enabled the company to pay back a Barclays loan of $37.5 million early, and Autonomy ended the quarter with cash of $152.5 million.

The company said it had increased its adjusted operating margins in the quarter to 47% from 40% in the same period last year.

UBS said in a note to clients Thursday that the margin increase points to a potential upgrade of full year earnings forecasts.

Panmue Gordon analyst George O'Connor also flagged the improved operational leverage, which has allowed the company to rein in sales and marketing spend and reduce costs.

"Despite the continued uncertainty in the markets, we remain cautiously optimistic," said Chief Executive Mike Lynch.

He said the company is seeing the second of the three waves of regulatory technology investment.

Shares closed Wednesday at 1318p.

Company Web site: www.autonomy.com

-By Kathy Sandler, Dow Jones Newswires; 44-207-842-9293; kathy.sandler@dowjones.com

Oversold today. Do not follow the sheep

Not sure. It is often short-sold after results but look at the current liabilities column. They're very poor and probably explains why sp has fallen. Assets and liabilities are very important in current climate.

sp could easily recover to 13. I would suggest that it is waiting for broker comment and then the sp will react accordingly.

I am in at 1210 today should bounce up from this

Clubman - good luck! 11 looks possible.

Bounced at 1177p. Will be interesting to see where it settles. Hopefully on the 200 DMA.

In auction.

Where does it say in auction

AU flag.

AU flag WTF

Clubman, have a look here for starters. http://www.moneyam.com/TradersRoom/posts.php?tid=9880#lastread

The auction ended @11:04:29 trade 4336 bid offer 1171-1155 uncrossed @1162.

That explains Interpreting Intraday Auctions on Fast Moving Stocks but where does it say Autonomy was in auction as per your previous post.

It was flagged as such and it was in backwardisation - have a look at the trade I quoted (type UT) and look at the bid/offer. I don't know if MAM puts up the AU (auction flag).

Trade types are explained here.

wish I had bought more at this price 1121

Big bounce again at 1121p. Now 1192p. Day traders must be loving it, though possibly a bit expensive for them.

Harry - much as I like this share, I shorted it today for +140. As posted earlier, 11 looked possible. Waiting to go long again, but maybe not today.