TechMARK movers: Strong first quarter for Renishaw

14th Oct 2010 13:35

Instrumentation supplier Renishaw increased revenues by 85% in the first quarter and pre-tax profit jumped from £2m to £15.1m. Revenues rose from £32.5m to £60.1m in the three months to September 2010, although this was a weak period for the business. China has been the main engine of growth and the Far East now accounts for 42% of revenues, up from 35% last year. Exchange rates flattered the profit figure by around £900,000 but it is still an impressive improvement. The comparatives are weak but the latest figure is still better than the £9.8m profit in the first quarter two years ago. Renishaw had net cash of £30.8m at the end of September 2010Enterprise software firm Autonomy is continuing its decline even though it signed up a UK regulatory authority responsible for financial industry oversight as a client yesterday. It is a multi-million pound deal. The share price has fallen by nearly 105 over the past week and by nearly one-quarter over one month - due to the recent profit warning. FTSE TechMARK - RisersNetwork Technology (NTY) 750.00p +15.38%Vislink (VLK) 21.25p +10.39%Ark Therapeutics Group (AKT) 5.05p +8.91%Innovation Group (TIG) 14.00p +7.69%Alterian (ALN) 205.00p +5.13%Renishaw (RSW) 1,178.00p +4.99%Genus (GNS) 850.50p +3.72%ProStrakan Group (PSK) 77.50p +3.33%Vernalis (VER) 45.50p +2.70%FTSE TechMARK - FallersTorotrak (TRK) 22.75p -4.21%Gresham Computing (GHT) 19.75p -4.18%Skyepharma (SKP) 36.50p -3.31%Emblaze Ltd. (BLZ) 46.75p -3.11%Parity Group (PTY) 10.00p -2.44%Phytopharm (PYM) 7.70p -2.28%Autonomy Corporation (AU.) 1,393.00p -2.18%RM (RM.) 170.50p -1.91%Optos (OPTS) 102.00p -1.74%Consort Medical (CSRT) 447.50p -1.68%