Autonomy set to ride out the storm

Still on course to hit targets...

Still on course to hit targets...

Autonomy, seen by many as the jewel in the UK's high-tech crown following a £5bn flotation last October, claims to be riding out the worst of the economic downturn. It says it will hit its targets thanks to new royalty deals that have been signed recently, and strong demand going forwards. Autonomy expects "no fewer" than four or five new OEM deals in its next quarter, which would feed into company accounts about nine months down the line. It has done seven similar deals in the last quarter. The company also claims that interest in is technology remains strong in Europe.