Autonomy has reported total net revenue of $245m for the fourth quarter of 2010, an increase of 10% compared to $223.1m for the same period last year.
The company posted an operating income of $99m for the fourth quarter of 2010, an increase of12.5%, compared to $88m for the same period last year.
For the fourth quarter ended 31 December 2010, the company posted net income of $70.4m, compared to a net income of $69.4m for the same quarter a year ago while net income per share remained flat at $0.29.
The company posted revenue of $870.4m for the full year ended December 31 2010, an increase of 18%, compared to $740m in 2009.
Operating income for the year was $316.4m, up 16.2% from $272.2m in 2009.
Net income was up 13.4% to $217.3m from $191.6m in 2009, and net income per share increased to $0.89 from $0.80.
Autonomy group CEO Mike Lynch said the IDOL OEM and IDOL Cloud routes are highly attractive to them as they turn one-off sales into multi-year committed annuity streams, and these new fast growing routes have become the dominant usage models for their technology.
"During the course of 2010 we saw the balance of our business shift towards IDOL Cloud and IDOL OEM being the key drivers of our business and we believe the growth rates seen across our business lines in Q4 2010 projected forward provide a solid baseline on top of which our current record pipeline and commit imply that current market expectations are conservative," Lynch said.
