Autodesk Reaffirms Second Quarter and Full Year Fiscal 2013 Business Outlook

Holds Meeting with Autodesk Management Investor Event

SAN RAFAEL, Calif. — (BUSINESS WIRE) — June 19, 2012Autodesk, Inc. (NASDAQ: ADSK) today reaffirmed its business outlook for the second quarter and full year fiscal 2013, initially provided on May 17, 2012.

Autodesk reaffirmed its business outlook in conjunction with today's Meeting with Autodesk Management investor event.

“With just over a month left in the second quarter, we are confident in our business outlook,” said Carl Bass, Autodesk president and CEO. “At our investor event today we will discuss our market opportunities and the reasons for our confidence in our target long-term business model.”

At today’s event, Bass will join Mark Hawkins, Autodesk executive vice president and CFO, Andrew Anagnost, senior vice president, Industry Strategy & Marketing, and Steve Blum, senior vice president, Worldwide Sales and Services to discuss the company’s strategy for growth with the investment community.

Business Outlook

The following statements are forward-looking statements that are based on current expectations and assumptions, and involve risks and uncertainties some of which are set forth below. Autodesk’s business outlook for the second quarter and full year fiscal 2013 assumes a continuation of the current economic environment and foreign exchange currency rate environment.

Second Quarter Fiscal 2013

2Q FY13 Guidance Metrics         2Q FY13 (ending July 31, 2012)
Revenue (in millions) $580 to $600
EPS - GAAP $0.29 to $0.34
EPS - Non-GAAP $0.46 to $0.51

Non-GAAP earnings per diluted share exclude $0.12 related to stock-based compensation expense and $0.05 for the amortization of acquisition related intangibles, net of tax.

Full Year Fiscal 2013

Net revenue for fiscal 2013 is expected to increase by at least 10 percent compared to fiscal 2012. Autodesk anticipates fiscal 2013 GAAP operating margin to increase by approximately 120 basis points and non-GAAP operating margin to increase by approximately 200 basis points compared to fiscal 2012.

Reconciliation between the GAAP and non-GAAP operating margin outlook for fiscal 2013.

  Fiscal 2013
 
GAAP operating margin basis point improvement over prior year 120
Stock-based compensation expense 120
Amortization of acquisition related intangibles -40
Non-GAAP operating margin basis point improvement over prior year 200

1 | 2  Next Page »



Review Article Be the first to review this article

Autodesk University 2017

Featured Video
MCAD Corporate Newsletter
rss feed
Editorial
Jeff RoweJeff's MCAD Blogging
by Jeff Rowe
NVIDIA’s AI Computer Drives AVs
Jobs
Senior Mechanical Engineer for Albert Kahn and Associates at Detroit, MI
Mechanical Engineer for The Planate Management Group LLC at Perry Point, MD
Structural Engineer for The Planate Management Group LLC at Perry Point, MD
GIS Analyst for G2 Partners LLC at San Ramon, CA
Structural Engineer for Albert Kahn and Associates at Detroit, MI
Upcoming Events
ASSESS 2017 CONGRESS at Bolger Center Potomac MD - Nov 1 - 3, 2017
FABTECH 2017 at McCormick Place Chicago IL - Nov 6 - 9, 2017
ATX MINNEAPOLIS 2017 at Minneapolis MN - Nov 8 - 9, 2017
2017 China Chongqing International Machine Tool Show (CCIMT) at Chongqing International Expo Center, Yubei Chongqing China - Nov 13 - 16, 2017
SolidCAM: SolidCARE



Internet Business Systems © 2017 Internet Business Systems, Inc.
25 North 14th Steet, Suite 710, San Jose, CA 95112
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation GISCafe - Geographical Information Services TechJobsCafe - Technical Jobs and Resumes ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise