Holds Meeting with Autodesk Management Investor Event
SAN RAFAEL, Calif. — (BUSINESS WIRE) — June 19, 2012 — Autodesk, 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 |
