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Home » Autonomy CEO Downplays Panicked Emails, Denies Firm Was Tanking Before $11B Sale to HP
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Autonomy CEO Downplays Panicked Emails, Denies Firm Was Tanking Before $11B Sale to HP

News RoomBy News RoomMay 30, 20241 Min Read
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On the stand at his fraud trial Wednesday, former Autonomy CEO Mike Lynch dismissed email evidence that presented a gloomy picture of his company’s finances leading up to its $11 billion sale to Hewlett-Packard in 2011.

The emails, largely from finance chief Sushovan Hussain, offered a glimpse into the mad end-of-quarter rush to close deals, hit sales targets and realize revenue—a process that grew increasingly stressful between 2009 and 2011.

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