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Autonomy moves out of the red

By Felicity Ussher

Published: 18 May 2000 18:05 BST

UK artificial intelligence expert, Autonomy, has moved into the black for the first time.

The software supplier today announced profits of $346,000 for the quarter, as compared with losses of $921,000 this time last year.

Autonomy is striding forward with a listing on Nasdaq, finalised two weeks ago, and new customers including General Motors, Nationwide Building Society and Royal & SunAlliance.

The $101m raised from stock exchange listings will be spent on acquisitions into new countries and technology markets.

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