Shares digital

A multi-year, $70 million order from an unnamed global bank for Autonomy’s (AU.) compliance archiving solution suggests the unstructured data management expert is a rare example of a firm which will benefit from the sub-prime debt crisis. While most IT services and software stocks have been marked down on fears of investment cuts from their financial services customers, Autonomy looks well placed as banks spend to ensure they have information ready to confront regulatory requirements and possible lawsuits. The shares held firm around the 900p level.

Shares says: Reassuringly expensive and a core software position. RM