Autodesk Fourth Quarter Driven by Strong Growth in Suites and Cash Flow

Safe Harbor Statement

This press release contains forward-looking statements that involve risks and uncertainties, including statements in the paragraphs under “Business Outlook” above, statements regarding revenue growth, our business model transition, billings growth, subscription growth, annual subscription value growth, operating margin growth, demand for and adoption of suites, AEC, BIM and PLM solutions, and other statements regarding our strategies, market and products positions, performance, and results. There are a significant number of factors that could cause actual results to differ materially from statements made in this press release, including: general market, political, economic and business conditions; failure to maintain our revenue growth and profitability; failure to successfully manage transitions to new business models and markets, including the introduction of additional ratable revenue streams and our continuing efforts to attract customers to our cloud-based offerings and expenses related to the transition of our business model; failure to maintain cost reductions and productivity increases or otherwise control our expenses; our performance in particular geographies, including emerging economies; the ability of governments around the world to meet their financial and debt obligations, and finance infrastructure projects; weak or negative growth in the industries we serve; slowing momentum in subscription billings or revenues; difficulty in predicting revenue from new businesses and the potential impact on our financial results from changes in our business models; difficulties encountered in integrating new or acquired businesses and technologies; the inability to identify and realize the anticipated benefits of acquisitions; the financial and business condition of our reseller and distribution channels; dependence on and the timing of large transactions; fluctuation in foreign currency exchange rates; the success of our foreign currency hedging program; failure to achieve sufficient sell-through in our channels for new or existing products; pricing pressure; unexpected fluctuations in our tax rate; the timing and degree of expected investments in growth and efficiency opportunities; changes in the timing of product releases and retirements; and any unanticipated accounting charges.

Further information on potential factors that could affect the financial results of Autodesk are included in Autodesk's Annual Report on Form 10-K for the year ended January 31, 2013 and Forms 10-Q for the quarters ended April 30, 2013, July 31, 2013 and October 31, 2013, which are on file with the U.S. Securities and Exchange Commission. Autodesk does not assume any obligation to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made.

About Autodesk

Autodesk helps people imagine, design and create a better world. Everyone--from design professionals, engineers and architects to digital artists, students and hobbyists--uses Autodesk software to unlock their creativity and solve important challenges. For more information visit  autodesk.com or follow @autodesk.

Autodesk is a registered trademark of Autodesk, Inc., and/or its subsidiaries and/or affiliates in the USA and/or other countries. All other brand names, product names or trademarks belong to their respective holders. Autodesk reserves the right to alter product and services offerings, and specifications and pricing at any time without notice, and is not responsible for typographical or graphical errors that may appear in this document.

© 2014 Autodesk, Inc. All rights reserved.

Autodesk, Inc.
Condensed Consolidated Statements of Operations
(In millions, except per share data)
                 
    Three Months Ended January 31,   Fiscal Year Ended January 31,
    2014   2013   2014   2013
    (Unaudited)   (Unaudited)    
Net revenue (1):                
License and other   $ 320.7     $ 364.7     $ 1,254.9     $ 1,364.1  
Subscription   265.9     242.2     1,019.0     948.1  
Total net revenue   586.6     606.9     2,273.9     2,312.2  
Cost of revenue (1):                
Cost of license and other revenue   48.1     41.4     178.7     166.0  
Cost of subscription revenue   23.8     20.6     95.6     72.5  
Total cost of revenue   71.9     62.0     274.3     238.5  
Gross profit   514.7     544.9     1,999.6     2,073.7  
Operating expenses:                
Marketing and sales   232.3     236.0     842.6     875.5  
Research and development   162.4     149.4     611.1     600.0  
General and administrative   62.0     67.7     248.3     248.4  
Restructuring charges, net   6.3     7.2     12.8     43.9  
Total operating expenses   463.0     460.3     1,714.8     1,767.8  
Income from operations   51.7     84.6     284.8     305.9  
Interest and other income (expense), net   4.6     1.5     (4.9 )   4.1  
Income before income taxes   56.3     86.1     279.9     310.0  
Provision for income taxes   (2.4 )   (11.6 )   (51.1 )   (62.6 )
Net income   $ 53.9     $ 74.5     $ 228.8     $ 247.4  
Basic net income per share   $ 0.24     $ 0.33     $ 1.02     $ 1.09  
Diluted net income per share   $ 0.23     $ 0.32     $ 1.00     $ 1.07  
Weighted average shares used in computing basic net income per share   225.5     224.1     224.0     226.4  
Weighted average shares used in computing diluted net income per share   231.1     229.6     229.6     231.7  

Featured Video
Jobs
GIS Specialist for Washington State Department of Natural Resources at Olympia, Washington
Business Development Manager for Berntsen International, Inc. at Madison, Wisconsin
Machine Learning Engineer 3D Geometry/ Multi-Modal for Autodesk at San Francisco, California
Mechanical Manufacturing Engineering Manager for Google at Sunnyvale, California
Manufacturing Test Engineer for Google at Prague, Czechia, Czech Republic
Principal Engineer for Autodesk at San Francisco, California
Upcoming Events
URISA GIS Leadership Academy at Embassy Suites Fort Worth Downtown 600 Commerce Street Fort Worth, TX - Nov 18 - 22, 2024



© 2024 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation TechJobsCafe - Technical Jobs and Resumes  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise