UK based software company Autonomy Corporation has announced that it expects its Q2 sales figures to fall below previous forecasts. The company is blaming a weak European market for its drop in sales.
Autonomy is expected to post Q2 sales in the region of £12-13 million. This figure represents a fall from Q1 sales of £14.1 million. The company had previously said that it would generate Q2 sales of £15 million.
Autonomy also revealed that it was anticipating EPS of 1 cent.