Autodesk Inc ADSK

Technology Software - Application

Autodesk, Inc. is engaged in three-dimensional (3D) design, engineering and entertainment technology solutions, spanning architecture, engineering, construction, product design, manufacturing, media and entertainment. Its product offerings are focused on four primary product families: Architecture, Engineering and Construction, AutoCAD and AutoCAD LT, Manufacturing, and Media and Entertainment. Its products include AutoCAD Civil 3D; Building Connected; Architecture, Engineering and Construction Collection; Autodesk Build; Revit; AutoCAD; AutoCAD LT; Computer-Aided Manufacturing (CAM) Solutions; Fusion 360; Product Design and Manufacturing Collection; Inventor; Vault; Media and Entertainment Collection; Maya; ShotGrid, and 3ds Max. Its product development and manufacturing software provides manufacturers in automotive, transportation, industrial machinery, consumer products, and building product industries with digital design, engineering, manufacturing, and production solutions.

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Post by bc4uon Aug 24, 2012 9:51am

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Post# 20256067

AUTODESK REPORTS SECOND QUARTER RESULTS

AUTODESK REPORTS SECOND QUARTER RESULTS

Announces Restructuring to Accelerate Transition to Cloud and Mobile Computing

SAN RAFAEL, Calif., AUGUST 23, 2012-- Autodesk, Inc. (NASDAQ: ADSK) today reported financial results for the second quarter of fiscal year 2013.

Second Quarter Fiscal 2013

• Revenue was $569 million, an increase of 4 percent compared to the second quarter of fiscal 2012.

• GAAP operating margin was 16 percent, compared to 17 percent in the second quarter of fiscal 2012.

• Non-GAAP operating margin was 25 percent, consistent with the second quarter of fiscal 2012. A reconciliation of GAAP to non-GAAP results is provided in the accompanying tables.

• GAAP diluted earnings per share were
.28, compared to
.30 in the second quarter of fiscal 2012.

• Non-GAAP diluted earnings per share were
.48, compared to
.44 in the second quarter of fiscal 2012.

• Cash flow from operating activities was $107 million, compared to $132 million in the second quarter of fiscal 2012.

"Our own execution challenges, combined with an uneven global economy, resulted in disappointing revenue results for the quarter,” said Carl Bass, Autodesk president and CEO. “Organizational changes we made within the company earlier this year slowed us down during the quarter. Despite our second quarter results, the changes better position Autodesk to meet the needs of our customers. We are focused on working through our internal challenges as rapidly as possible."

"Given the uneven macroeconomic environment and the company's desire to deliver operating margin improvement, we have taken a prudent approach to spending in fiscal 2013," continued Bass. "Our ongoing cost management measures contributed to the delivery of non-GAAP EPS within our guidance range for the second quarter."

Second Quarter Operational Overview

https://www.sec.gov/Archives/edgar/data/769397/000076939712000012/pressrelease.htm

SECOND QUARTER FISCAL 2013 EARNINGS ANNOUNCEMENT
August 23, 2012
PREPARED REMARKS

https://www.sec.gov/Archives/edgar/data/769397/000076939712000012/preparedremarks.htm