News

Autonomy Corporation plc Announces Preliminary Results for the Year & 4th Quarter Ended 31 December 1999

March 2, 2000

For further information, please contact:

Dr Mike Lynch, Managing Director and CEO
Dominic Johnson, Marketing Director
Autonomy Corporation plc
Tel: 01223 421 220

Edward Bridges / Alastair Hetherington
Financial Dynamics
Tel: 0171 831 3113

Autonomy Corporation plc ("Autonomy") is a leading provider of infrastructure technology which automates the handling of vast amounts of unstructured information on the Internet and across the enterprise. Autonomy floated on Easdaq (EASD: AUTN) in July 1998.

KEY FEATURES

Year ended 31 December 1999 versus year ended 31 December 1998

Turnover up 212% to GBP 16.51 million (1998:GBP 5.30 million)
Gross margins at 89% (1998:84%)
Gross profits increased 228% to GBP 14.70 million (1998:GBP 4.48 million)
Loss before taxation of GBP 0.68 million including costs of accelerated European expansion, retained loss after tax and minority interest of GBP 1.13 million (1998: loss before and after tax of GBP 1.74 million)
Basic loss per share for 1999 of 2.78p (1998: loss per share of 5.02p)

Corporate highlights in Q4 1999

Autonomy's core technology is being embedded into a broad range of software
US offices deliver record sales contributing 54% to revenues, up from 31%
Worldwide enterprise-wide agreement with General Motors

OEM strategy performing well ahead of management's expectations: important deals with Sybase and FileNet

High-profile corporate customers include: Sun Microsystems; ABM Amro; BP Amoco; Novartis;
Large new media contracts include: Knight Ridder; TF1; BBC and Belga;
Partnerships forged with SAIC and Razorfish

Launch of WAP-enabled products
Impending launch of free consumer Web service

Commenting on the results Dr Mike Lynch, Managing Director and Chief Executive Officer of Autonomy Corporation plc today said:

"Autonomy's business has seen dramatic growth over the last year. We continued to develop our core technology, expand our sales and marketing operations and move into new markets such as mobile commerce.

Our OEM licensing strategy has taken off beyond expectations and now Autonomy's technology provides the core infrastructure for software products from some of the world's leading software companies, including, Sybase and FileNet.

We also announced collaborations with companies such as SAIC and Razorfish as part of our strategy of scaling our business through a partnership approach, following on from similar announcements with PricewaterhouseCoopers and CSC.

We look forward to continuing our work in building the business and reinforcing our leadership position as the software supplier which is enabling the new digital economy."

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