By Ron Coates, 21 April 2004 14:30
NEWS Autonomy is to provide software to run the security infrastructure at the Olympic games this summer in a "sizeable" deal.
And the company has turned in booming figures for the first quarter, with revenue up 37 per cent on the first quarter of 2003, at $16.4m, and pre-tax profits up 111 per cent, at $2.7m.
Sushovan Hussain, Autonomy CFO, said: "We can't release the figures for the deal, but it's sizeable - sizeable enough for us to notify it." The company's quarterly report states that the average selling price of a system is $350,000, so this sale is likely to be significantly higher in value.
Autonomy is a sub-contractor to Science Applications International Corporation (SAIC), which is a $6.7m US-based, employee-owned company that has the Greek government contract for security infrastructure.
The Greek government's budget for security at the Games is 650m so far and heading north. It will be deploying 70,000 security personnel to guard the 15,000 athletes and millions of expected visitors.
The Autonomy software will be responsible for analysing, routing and delivering content, irrespective of storage location, and will monitor potentially suspicious activity.
Hussain said: "Activity levels in the company have been high and they remain high with a good outlook." He declined to name any prospective customers.
In the quarter, the company reported well over a dozen significant deals, including Vodafone, the NHS, the Chinese National Information Agency, several US Federal agencies and departments and Shell.
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