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Spread Betting News: Autonomy takes 4th in FTSE 100 leader board as revenues rise

 


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City Index ( http://www.cityindex.co.uk/) takes a look at the activity affecting CFD trading and spread betting on 26th April 2011.

While the Easter break meant trading activity was likely to be more subdued than usual, last week's report from Autonomy has today (April 26th) resulted in its share price rallying.

The FTSE 100 company had taken fourth place on the premier stock index's leader board as of 09:37 BST following successful revenue boosts.

Indeed, Autonomy's share price had risen by 1.60 per cent, a 26-point gain on Thursday's close.

For the quarter ended March 31st 2011, revenues reached a record $220 million (£134 million) - a 13 per cent surge on the same three-month period in 2010.

Adjusted gross profits advanced 12 per cent compared to last year's corresponding quarter to hit $194.2 million.

High-profile contracts secured for new and existing customers included Toyota, Philip Morris International, Deutsche Bank and Morgan Stanley.

Commenting on the financial results, chief executive officer of Autonomy Dr Mike Lynch stated: “During the quarter we continued to see a record number of large deals, with continuing multimillion dollar deals in our promote and protect areas, reflecting the continuation of the macro recovery. "

For more information on the latest market moving events, visit: http://www.cityindex.co.uk/market-analysis/

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About City Index:

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As a group, we transact in excess of 1.5 million trades every month for individuals in over 50 countries worldwide. We provide access to a wide range of instruments including margined foreign exchange, contracts for differences (CFDs) and, in the UK, financial spread betting .

We constantly look to widen the range of assets we offer, improve the performance of our platforms and expand the range of services we provide. The result is that our customers benefit from innovative trading tools with transparent pricing, competitive spreads, and a high standard of customer service and support. Visit http://www.cityindex.co.uk/ for more CFD trading and spread betting news.

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