Autonomy raises guidance. Economic climate is, “winter with snowdrops”

Get behind us recession! Autonomy Corporation raised guidance on 2010 earnings and reported 43% rise in pre-tax profits. Saw spending on discretionary items up in fourth quarter of 2009. Mike Lynch anticipates increasing guidance further, ‘if things carry on as they are’. He described the economic climate in their annual results presentation as, ‘winter with snowdrops, just short of a full spring revival’.