Autodesk Reports Third Quarter Fiscal 2009 Financial Results

SAN RAFAEL, Calif., Nov. 20 /PRNewswire-FirstCall/ -- Autodesk, Inc. (NASDAQ: ADSK) today reported revenue of $607 million for the third quarter of fiscal 2009, an increase of 13 percent over the third quarter of fiscal 2008. GAAP diluted earnings per share in the third quarter increased 29 percent to $0.45, compared to $0.35 per diluted share in the third quarter last year. Non-GAAP diluted earnings per share in the third quarter increased 14 percent to $0.56, compared to $0.49 per diluted share in the third quarter last year. A reconciliation between GAAP and non-GAAP results is provided at the end of this press release.

"The sharp downturn in the global economy had a substantial impact on our results for the quarter," said Carl Bass, Autodesk president and CEO. "Our business in the United States slowed as a result of the economic climate. In addition, we started to experience headwinds in some of our international markets.

"While we realize that there is no quick or easy response to the current economic environment, we are focused on serving our customers and helping our channel partners in these challenging times. We are taking actions to stimulate demand and are making appropriate adjustments to our cost structure. In the process we intend to balance these cost reductions with investing in our future. Investment focus areas continue to be increasing channel capacity and developing technology that will help Autodesk better serve our customers."

Operational Highlights

Autodesk's performance in the third quarter of fiscal 2009 was driven by continued growth of maintenance revenue, model-based 3D design solutions, and revenue generated in emerging economies.

Combined revenue from our model-based 3D design solutions, including Inventor, Revit, Civil 3D, Moldflow, NavisWorks, and Robobat, increased 26 percent over the third quarter of fiscal 2008 to $163 million and comprised 27 percent of total revenue for the quarter. Excluding $12 million from Moldflow, which was acquired earlier this year, revenue from model-based 3D design solutions grew 16 percent to $151 million. Autodesk shipped approximately 41,000 commercial seats of its model-based 3D design products, including approximately 9,000 commercial seats of Inventor and Moldflow and 32,000 seats of its Architecture Engineering and Construction products - Revit, Civil 3D, NavisWorks, and Robobat.

Revenue from AutoCAD and AutoCAD LT increased 10 percent and 12 percent, respectively, compared to the third quarter of 2008. Revenue from 2D vertical products decreased 6 percent compared to the third quarter of fiscal 2008.

Revenue from emerging economies increased 25 percent over the third quarter of fiscal 2008 to $114 million and represented 19 percent of total revenue. EMEA revenue was $258 million, an increase of 27 percent as reported over the third quarter of fiscal 2008, and 20 percent at constant currency. Revenue in Asia Pacific was $133 million, an increase of 12 percent as reported year-over-year, and 9 percent at constant currency. Revenue in the Americas decreased 1 percent to $216 million compared to the third quarter of fiscal 2008.

Upgrade revenue and maintenance revenue combined increased 22 percent over the third quarter of fiscal 2008 to $227 million. Total upgrade revenue decreased 4 percent compared to the third quarter of fiscal 2008. Maintenance revenue increased 31 percent compared to the third quarter of fiscal 2008 to $186 million, or 31 percent of total revenue. Deferred maintenance revenue decreased $55 million sequentially and increased $67 million compared to the third quarter of fiscal 2008.

Net income and earnings per share benefited from lower operating expenses than originally expected, which resulted from an accrual adjustment for annual performance-based incentive plans, a hiring freeze, and lower discretionary spending.

Business Outlook

The following statements are forward-looking statements which are based on current expectations and which involve risks and uncertainties some of which are set forth below. Given the uncertainty of the current markets, Autodesk is not providing guidance for fiscal 2010 at this time.

Fourth Quarter Fiscal 2009

Net revenue for the fourth quarter of fiscal 2009 is expected to be in the range of $525 million and $550 million. GAAP earnings per diluted share are expected to be in the range of $0.13 and $0.19. Non-GAAP earnings per diluted share are expected to be in the range of $0.28 and $0.34 and exclude $0.07 related to stock-based compensation expense and $0.08 for the amortization of acquisition related intangibles.

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 anticipated market trends and other statements regarding our expected investments, strategies, performance and results. Other factors that could cause actual results to differ materially include the following: general market and business conditions, our performance in particular geographies, including emerging economies, the financial and business condition of our reseller and distribution channels, fluctuation in foreign currency exchange rates, failure to achieve planned cost reductions and productivity increases, difficulties encountered in integrating new or acquired businesses and technologies, the inability to identify and realize the anticipated benefits of acquisitions, unexpected fluctuations in our tax rate, the timing and degree of expected investments in growth opportunities, slowing momentum in maintenance revenues, failure to achieve sufficient sell-through in our channels for new or existing products, pricing pressure, failure to achieve continued migration from 2D products to 3D products, changes in the timing of product releases and retirements, failure of key new applications to achieve anticipated levels of customer acceptance, failure to achieve continued success in technology advancements, interruptions or terminations in the business of Autodesk consultants, and unanticipated impact of accounting for technology acquisitions.

Further information on potential factors that could affect the financial results of Autodesk are included in Autodesk reports on Form 10-K for the year ended January 31, 2008 and our Forms 10-Q for the quarters ended April 30, 2008 and July 31, 2008, which are on file with the 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.

Earnings Conference Call and Webcast

Autodesk will host its third quarter conference call today at 5:00 p.m. EST. The live announcement may be accessed at http://www.autodesk.com/investors or by dialing 866-510-0710 or 617-597-5378 (passcode: 46764406). An audio webcast or podcast of the call will be available at 7:00 pm EST at http://www.autodesk.com/investors. This replay will be maintained on our website for at least twelve months. An audio replay will also be available for one month beginning at 7:00 pm EST by dialing 888- 286-8010 or 617-801-6888 (passcode: 73660289).

About Autodesk

Autodesk, Inc. is the world leader in 2D and 3D design software for the manufacturing, building and construction, and media and entertainment markets. Since its introduction of AutoCAD software in 1982, Autodesk has developed the broadest portfolio of state-of-the-art digital prototyping solutions to help customers experience their ideas before they are real. Fortune 1000 companies rely on Autodesk for the tools to visualize, simulate and analyze real-world performance early in the design process to save time and money, enhance quality and foster innovation. For additional information about Autodesk, visit http://www.autodesk.com.

Note: AutoCAD, AutoCAD LT, Autodesk, Civil 3D, Inventor, Revit, NavisWorks, Moldflow and Robobat are either registered trademarks or trademarks of Autodesk, Inc. and/or its affiliates in the US and/or other countries. All other brand names, product names or trademarks belong to their respective holders.


    Autodesk, Inc.
    Consolidated Statements of Income
    (In millions, except per share data)


                                        Three Months Ended  Nine Months Ended
                                                                                    October  31,                  October  31,
                                                                                      2008        2007            2008              2007
                                                                                      (Unaudited)                    (Unaudited)
        Net  revenue:
              License  and  other                                  $421.0    $395.8        $1,293.4    $1,172.6

              Maintenance                                                186.1      142.6              532.0          400.2

                    Total  net  revenue                              607.1      538.4          1,825.4      1,572.8

        Cost  of  license  and  other  revenue            50.3        49.7              163.5          149.8

        Cost  of  maintenance  revenue                          2.4          1.9                  6.5              6.3

              Total  cost  of  revenue                              52.7        51.6              170.0          156.1

              Gross  margin                                              554.4      486.8          1,655.4      1,416.7

        Operating  Expenses:

              Marketing  and  sales                                225.5      208.9              678.2          600.1

              Research  and  development                      135.2      123.2              432.1          352.9

              General  and  administrative                    54.1        49.1              166.8          142.2

                    Total  operating  expenses                414.8      381.2          1,277.1      1,095.2

        Income  from  operations                                139.6      105.6              378.3          321.5

        Interest  and  other  income,  net                  (3.4)        4.4                  9.9            17.6

        Income  before  income  taxes                        136.2      110.0              388.2          339.1

        Provision  for  income  taxes                        (31.7)    (25.2)            (99.2)        (79.4)

        Net  income                                                      $104.5      $84.8            $289.0        $259.7

        Basic  net  income  per  share                        $0.46      $0.37              $1.28          $1.13

        Diluted  net  income  per  share                    $0.45      $0.35              $1.25          $1.07

        Shares  used  in  computing  basic
          net  income  per  share                                  225.3      229.4              225.2          230.3

        Shares  used  in  computing  diluted
          net  income  per  share                                  230.4      239.9              231.2          242.5



        Autodesk,  Inc.
        Condensed  Consolidated  Balance  Sheets
        (In  millions)

                                                                                                          October  31,      January  31,
                                                                                                                2008                    2008
                                                                                                        (Unaudited)

        ASSETS:

        Current  assets:
            Cash  and  cash  equivalents                                                  $796.4                $917.9
            Marketable  securities                                                            136.8                    31.4
            Accounts  receivable,  net                                                      291.4                  386.5
            Deferred  income  taxes                                                              34.6                    98.1
            Prepaid  expenses  and  other  current  assets                      51.2                    47.9
        Total  current  assets                                                              1,310.4              1,481.8

        Marketable  securities                                                                    8.3                      8.4
        Computer  equipment,  software,  furniture
          and  leasehold  improvements,  net                                          116.6                    80.2
        Purchased  technologies,  net                                                    107.7                    64.4
        Goodwill                                                                                          632.3                  443.4
        Deferred  income  taxes,  net                                                        86.2                    54.6
        Other  assets                                                                                  112.2                    79.4
                                                                                                            $2,373.7            $2,212.2


        LIABILITIES  AND  STOCKHOLDERS'  EQUITY:

        Current  liabilities:
            Accounts  payable                                                                      $76.0                  $79.3
            Accrued  compensation                                                              112.2                  146.2
            Accrued  income  taxes                                                                20.4                    14.4
            Deferred  revenue                                                                      387.5                  400.7
            Borrowings  under  line  of  credit                                            3.9                      -
            Other  accrued  liabilities                                                      64.3                    89.7
        Total  current  liabilities                                                        664.3                  730.3

        Deferred  revenue                                                                          111.9                  105.4
        Long  term  income  taxes  payable                                              112.5                    86.5
        Long  term  deferred  income  taxes                                              27.7                      3.3
        Other  liabilities                                                                          57.2                    56.2

        Commitments  and  contingencies

        Stockholders'  equity:
            Preferred  stock                                                                            -                          -
            Common  stock  and  additional  paid-in  capital            1,059.2                  998.3
            Accumulated  other  comprehensive  income                            (6.0)                  13.8
            Retained  earnings                                                                    346.9                  218.4
        Total  stockholders'  equity                                                  1,400.1              1,230.5
                                                                                                            $2,373.7            $2,212.2



        Autodesk,  Inc.
        Condensed  Consolidated  Statements  of  Cash  Flows
        (In  millions)
                                                                                                                      Nine  Months  Ended
                                                                                                                              October  31,
                                                                                                                        2008              2007
                                                                                                                            (Unaudited)

        Operating  Activities
            Net  income                                                                                      $289.0          $259.7
            Adjustments  to  reconcile  net  income
              to  net  cash  provided  by  operating
              activities:
                      Depreciation  and  amortization                                          64.5              44.1
                      Stock-based  compensation  expense                                    70.9              73.1
                      Charge  for  acquired  in-process
                        research  and  development                                                  18.0                3.6
                      Changes  in  operating  assets
                        and  liabilities,
                        net  of  business  combinations                                          65.1            109.0
        Net  cash  provided  by  operating  activities                              507.5            489.5

        Investing  Activities
            Purchases  of  marketable  securities                                      (111.2)        (727.9)
            Sales  of  marketable  securities                                                    5.2            795.5
            Business  combinations,  net  of  cash  acquired                    (297.3)          (66.0)
            Capital  and  other  expenditures                                                (59.1)          (29.1)
        Net  cash  provided  by  (used  in)
          investing  activities                                                                    (462.4)          (27.5)

        Financing  activities
            Draws  on  line  of  credit                                                              800.0                -
            Repayments  of  line  of  credit                                                  (796.0)              -
            Proceeds  from  issuance  of  common
              stock,  net  of  issuance  costs                                                    89.1            160.7
            Repurchases  of  common  stock                                                    (256.6)        (463.5)
        Net  cash  used  in  financing  activities                                    (163.5)        (302.8)

        Effect  of  exchange  rate  changes  on
          cash  and  cash  equivalents                                                              (3.1)              3.2

        Net  increase  in  cash  and  cash
          equivalents                                                                                      (121.5)          162.4
        Cash  and  cash  equivalents  at
          beginning  of  fiscal  year                                                              917.9            665.9
        Cash  and  cash  equivalents  at  end  of
          period                                                                                                $796.4          $828.3



        Autodesk,  Inc.
        Reconciliation  of  GAAP  financial  measures  to  non-GAAP  financial  measures
        (In  millions,  except  per  share  data)

        To  supplement  our  consolidated  financial  statements  presented  on  a  GAAP
        basis,  Autodesk  provides  investors  with  certain  non-GAAP  measures
        including  non-GAAP  net  income,  non-GAAP  net  income  per  share,  non-GAAP
        cost  of  license  and  other  revenue,  non-GAAP  gross  margin,  non-GAAP
        operating  expenses,  non-GAAP  income  from  operations,  non-GAAP  interest  and
        other  income,  net  and  non-GAAP  provision  for  income  taxes.    These  non-GAAP
        financial  measures  are  adjusted  to  exclude  certain  costs,  expenses,  gains
        and  losses,  including  stock-based  compensation  expense,  employee  tax
        reimbursements  related  to  our  stock  option  review,  litigation  expenses,
        in-process  research  and  development  expenses,  restructuring  expenses,
        amortization  of  purchased  intangibles,  investment  impairment  and  income
        tax  expenses.    See  our  reconciliation  of  GAAP  financial  measures  to
        non-GAAP  financial  measures  herein.    We  believe  these  exclusions  are
        appropriate  to  enhance  an  overall  understanding  of  our  past  financial
        performance  and  also  our  prospects  for  the  future,  as  well  as  to
        facilitate  comparisons  with  our  historical  operating  results.    These
        adjustments  to  our  GAAP  results  are  made  with  the  intent  of  providing  both
        management  and  investors  a  more  complete  understanding  of  Autodesk's
        underlying  operational  results  and  trends  and  our  marketplace  performance.
        For  example,  the  non-GAAP  results  are  an  indication  of  our  baseline
        performance  before  gains,  losses  or  other  charges  that  are  considered  by
        management  to  be  outside  our  core  operating  results.    In  addition,  these
        non-GAAP  financial  measures  are  among  the  primary  indicators  management
        uses  as  a  basis  for  our  planning  and  forecasting  of  future  periods.

        There  are  limitations  in  using  non-GAAP  financial  measures  because  the
        non-GAAP  financial  measures  are  not  prepared  in  accordance  with  generally
        accepted  accounting  principles  and  may  be  different  from  non-GAAP
        financial  measures  used  by  other  companies.  The  non-GAAP  financial
        measures  are  limited  in  value  because  they  exclude  certain  items  that  may
        have  a  material  impact  upon  our  reported  financial  results.    The
        presentation  of  this  additional  information  is  not  meant  to  be  considered
        in  isolation  or  as  a  substitute  for  the  directly  comparable  financial
        measures  prepared  in  accordance  with  generally  accepted  accounting
        principles  in  the  United  States.    Investors  should  review  the
        reconciliation  of  the  non-GAAP  financial  measures  to  their  most  directly
        comparable  GAAP  financial  measures  as  provided  in  the  tables  accompanying
        this  press  release.

        The  following  table  shows  Autodesk's  non-GAAP  results  reconciled  to  GAAP
        results  included  in  this  release.


                                                                                    Three  Months  Ended  Nine  Months  Ended
                                                                                          October  31,              October  31,
                                                                                        2008        2007          2008            2007
                                                                                          (Unaudited)              (Unaudited)

        GAAP  cost  of  license  and  other  revenue    $50.3      $49.7        $163.5        $149.8
        SFAS  123R  stock-based  compensation
          expense                                                                  (1.0)      (2.1)          (3.1)          (3.8)
        Amortization  of  developed  technology          (6.4)      (3.1)        (15.2)          (7.3)
        Employee  tax  reimbursements  related  to
          stock  option  review                                            -              -                  -                (1.1)
        Non-GAAP  cost  of  license  and  other
          revenue                                                                $42.9      $44.5        $145.2        $137.6

        GAAP  gross  margin                                            $554.4    $486.8    $1,655.4    $1,416.7
        SFAS  123R  stock-based  compensation
          expense                                                                    1.0          2.1              3.1              3.8
        Amortization  of  developed  technology            6.4          3.1            15.2              7.3
        Employee  tax  reimbursements  related  to
          stock  option  review                                            -              -                  -                  1.1
        Non-GAAP  gross  margin                                    $561.8    $492.0    $1,673.7    $1,428.9

        GAAP  marketing  and  sales                              $225.5    $208.9        $678.2        $600.1
        SFAS  123R  stock-based  compensation
          expense                                                                (10.1)    (16.2)        (30.6)        (31.3)
        Employee  tax  reimbursements  related  to
          stock  option  review                                            -              -                  -                (4.8)
        Non-GAAP  marketing  and  sales                      $215.4    $192.7        $647.6        $564.0

        GAAP  research  and  development                    $135.2    $123.2        $432.1        $352.9
        SFAS  123R  stock-based  compensation
          expense                                                                  (7.2)    (12.6)        (23.3)        (23.9)
        In-process  research  and  development            (1.2)      (2.5)        (18.0)          (3.6)
        Employee  tax  reimbursements  related  to
          stock  option  review                                            -              -                  -                (4.4)
        Non-GAAP  research  and  development            $126.8    $108.1        $390.8        $321.0

        GAAP  general  and  administrative                  $54.1      $49.1        $166.8        $142.2
        SFAS  123R  stock-based  compensation
          expense                                                                  (4.2)      (6.4)        (13.9)        (14.1)
        Amortization  of  customer  relationships
          and  trademarks                                                    (7.2)      (2.3)        (16.5)          (6.2)
        Employee  tax  reimbursements  related  to
          stock  option  review                                            -              -                  -                (1.7)
        Non-GAAP  general  and  administrative          $42.7      $40.4        $136.4        $120.2

        GAAP  operating  expenses                                $414.8    $381.2    $1,277.1    $1,095.2
        SFAS  123R  stock-based  compensation
          expense                                                                (21.5)    (35.2)        (67.8)        (69.3)
        Employee  tax  reimbursements  related  to
          stock  option  review                                            -              -                  -              (10.9)
        Amortization  of  customer  relationships
          and  trademarks                                                    (7.2)      (2.3)        (16.5)          (6.2)
        In-process  research  and  development            (1.2)      (2.5)        (18.0)          (3.6)
        Non-GAAP  operating  expenses                        $384.9    $341.2    $1,174.8    $1,005.2

        GAAP  income  from  operations                        $139.6    $105.6        $378.3        $321.5
        SFAS  123R  stock-based  compensation
          expense                                                                  22.5        37.3            70.9            73.1
        Employee  tax  reimbursements  related  to
          stock  option  review                                            -              -                  -                12.0
        Amortization  of  developed  technology            6.4          3.1            15.2              7.3
        Amortization  of  customer  relationships
          and  trademarks                                                      7.2          2.3            16.5              6.2
        In-process  research  and  development              1.2          2.5            18.0              3.6
        Non-GAAP  income  from  operations                $176.9    $150.8        $498.9        $423.7

        GAAP  interest  and  other  income,  net          $(3.4)      $4.4            $9.9          $17.6
        Investment  impairment                                          -              4.0              -                  4.0
        Non-GAAP  interest  and  other  income,
          net                                                                        $(3.4)      $8.4            $9.9          $21.6

        GAAP  provision  for  income  taxes                $(31.7)  $(25.2)      $(99.2)      $(79.4)
        Income  tax  effect  on  difference
          between  GAAP  and  non-GAAP  total  costs
          and  expenses  at  a  normalized  rate            (11.8)    (16.9)        (32.1)        (33.6)
        Non-GAAP  provision  for  income  taxes        $(43.5)  $(42.1)    $(131.3)    $(113.0)

        GAAP  net  income                                                $104.5      $84.8        $289.0        $259.7
        SFAS  123R  stock-based  compensation
          expense                                                                  22.5        37.3            70.9            73.1
        Employee  tax  reimbursements  related  to
          stock  option  review                                            -              -                  -                12.0
        Investment  impairment                                          -              4.0              -                  4.0
        Amortization  of  developed  technology            6.4          3.1            15.2              7.3
        In-process  research  and  development              1.2          2.5            18.0              3.6
        Amortization  of  customer  relationships
          and  trademarks                                                      7.2          2.3            16.5              6.2
        Income  tax  effect  on  difference
          between  GAAP  and  non-GAAP  total  costs
          and  expenses  at  a  normalized  rate            (11.8)    (16.9)        (32.1)        (33.6)
        Non-GAAP  net  income                                        $130.0    $117.1        $377.5        $332.3

        GAAP  diluted  net  income  per  share              $0.45      $0.35          $1.25          $1.07
        SFAS  123R  stock-based  compensation
          expense                                                                  0.10        0.16            0.31            0.30
        Employee  tax  reimbursements  related  to
          stock  option  review                                            -              -                  -                0.05
        Investment  impairment                                          -            0.02              -                0.02
        Amortization  of  developed  technology          0.03        0.01            0.06            0.03
        In-process  research  and  development              -            0.01            0.07            0.01
        Amortization  of  customer  relationships
          and  trademarks                                                    0.03        0.01            0.07            0.02
        Income  tax  effect  on  difference
          between  GAAP  and  non-GAAP  total  costs
          and  expenses  at  a  normalized  rate            (0.05)    (0.07)        (0.14)        (0.14)
        Non-GAAP  diluted  net  income  per  share      $0.56      $0.49          $1.62          $1.36

        GAAP  diluted  shares  used  in  per  share
          calculation                                                        230.4      239.9          231.2          242.5
        Impact  of  SFAS  123R  on  diluted  shares          -              1.3              0.3              1.3
        Non-GAAP  diluted  shares  used  in  per
          share  calculation                                            230.4      241.2          231.5          243.8



                                      Other  Supplemental  Financial  Information  (1)
        Fiscal  Year  2009                      QTR  1              QTR  2                QTR  3    QTR  4    YTD  2009
        Financial
          Statistics  (in
          millions,  except
          per  share  data):
        Total  net  revenue                    $599                  $620                  $607                    $1,825
              License  and
                other  revenue                    $432                  $440                  $421                    $1,293
              Maintenance
                  revenue                              $167                  $180                  $186                        $532

        Gross  Margin  -  GAAP                  90%                    90%                    91%                          90%
        Gross  Margin  -
          Non-GAAP                                      91%                    91%                    93%                          92%

        GAAP  Operating  Expenses        $421                  $441                  $415                    $1,277
        GAAP  Operating  Margin              20%                    19%                    23%                          21%
        GAAP  Net  Income                          $95                    $90                  $104                        $289
        GAAP  Diluted  Net
          Income  Per  Share                  $0.41                $0.39                $0.45                      $1.25

        Non-GAAP  Operating
          Expenses  (2)(3)                      $394                  $396                  $385                    $1,175
        Non-GAAP  Operating
          Margin  (2)(4)                            25%                    28%                    29%                          27%
        Non-GAAP  Net
          Income  (2)(5)                          $117                  $130                  $130                        $377
        Non-GAAP  Diluted
          Net  Income  Per
          Share  (2)(6)                          $0.50                $0.56                $0.56                      $1.62

        Total  Cash  and
          Marketable  Securities          $950                  $970                  $941                        $941
        Days  Sales  Outstanding              51                      48                      44                            44
        Capital  Expenditures                $14                    $26                    $19                          $59
        Cash  from  Operations              $185                  $215                  $107                        $507
        GAAP  Depreciation
          and  Amortization                      $17                    $22                    $25                          $64

        Deferred  Maintenance
          Revenue  Balance                      $474                  $488                  $433                        $433

        Revenue  by  Geography
          (in  millions):
        Americas                                      $191                  $203                  $216                        $610
        Europe                                          $259                  $267                  $258                        $784
        Asia/Pacific                              $149                  $150                  $133                        $431

        Revenue  by  Segment
          (in  millions):
        Platform
          Solutions  and  Emerging
          Business  and  Other                $278                  $270                  $269                        $817
        Architecture,
          Engineering  and
          Construction                            $129                  $144                  $134                        $407
        Manufacturing  Solutions        $119                  $131                  $124                        $374
        Media  and  Entertainment          $67                    $69                    $73                        $209
        Other                                                $6                      $6                      $7                          $18

        Other  Revenue  Statistics:
        %  of  Total  Rev  from
          AutoCAD  and  AutoCAD  LT          41%                    35%                    35%                          37%
        %  of  Total  Rev  from  3D
          design  products                        24%                    26%                    27%                          26%
        %  of  Total  Rev  from
          Emerging  Economies                  17%                    18%                    19%                          18%
        Upgrade  Revenue
          (in  millions)                            $61                    $58                    $43                        $162

        Favorable  (Unfavorable)
          Impact  of  U.S.  Dollar
          Translation  Relative
          to  Foreign  Currencies
          Compared  to  Comparable
          Prior  Year  Period
          (in  millions):
        FX  Impact  on
          Total  Net  Revenue                    $41                    $42                    $18                        $101
        FX  Impact  on  Total
          Operating  Expenses                $(14)                $(11)                  $(3)                      $(28)
        FX  Impact  on  Total
          Net  Income                                  $27                    $31                    $15                          $73

        Gross  Margin  by  Segment
          (in  millions):
        Platform  Solutions  and
          Emerging  Business  and
          Other                                          $263                  $255                  $257                        $775
        Architecture,
          Engineering  and
          Construction                            $119                  $133                  $126                        $378
        Manufacturing  Solutions        $110                  $122                  $117                        $349
        Media  and  Entertainment          $50                    $52                    $57                        $159
        Unallocated  amounts                  $(1)                  $(2)                  $(3)                        $(6)

        Common  Stock
          Statistics:
        GAAP  Shares
          Outstanding                223,616,000    224,528,000    226,248,000          226,248,000
        GAAP  Fully
          Diluted  Weighted
          Average  Shares
          Outstanding                232,607,000    231,078,000    230,364,000          231,164,000
        Shares
          Repurchased                    8,001,000                    -                        -                  8,001,000

        Installed  Base
          Statistics:
        Total  AutoCAD-
          based  Installed
          Base(7)                            4,377,000        4,431,000        4,491,000              4,491,000
        Total  Inventor
          Installed  Base(7)            794,000            817,000            841,000                  841,000
        Total  Maintenance
          Installed  Base              1,587,000        1,644,000        1,696,000              1,696,000

        (1)  Totals  may  not  agree  with  the  sum  of  the  components  due  to  rounding.

        (2)  To  supplement  our  consolidated  financial  statements  presented  on  a
                GAAP  basis,  Autodesk  provides  investors  with  certain  non-GAAP  measures
                including  non-GAAP  net  income,  non-GAAP  net  income  per  share,  non-GAAP
                cost  of  license  and  other  revenue,  non-GAAP  gross  margin,  non-GAAP
                operating  expenses,  non-GAAP  income  from  operations,  non-GAAP  interest
                and  other  income,  net  and  non-GAAP  provision  for  income  taxes.  These
                non-GAAP  financial  measures  are  adjusted  to  exclude  certain  costs,
                expenses,  gains  and  losses,  including  stock-based  compensation
                expense,  employee  tax  reimbursements  related  to  our  stock  option
                review,  litigation  expenses,  in-process  research  and  development
                expenses,  restructuring  expenses,  amortization  of  purchased
                intangibles,  investment  impairment  and  income  tax  expenses.  See  our
                reconciliation  of  GAAP  financial  measures  to  non-GAAP  financial
                measures  herein.  We  believe  these  exclusions  are  appropriate  to
                enhance  an  overall  understanding  of  our  past  financial  performance  and
                also  our  prospects  for  the  future,  as  well  as  to  facilitate
                comparisons  with  our  historical  operating  results.  These  adjustments
                to  our  GAAP  results  are  made  with  the  intent  of  providing  both
                management  and  investors  a  more  complete  understanding  of  Autodesk's
                underlying  operational  results  and  trends  and  our  marketplace
                performance.  For  example,  the  non-GAAP  results  are  an  indication  of
                our  baseline  performance  before  gains,  losses  or  other  charges  that
                are  considered  by  management  to  be  outside  our  core  operating  results.
                In  addition,  these  non-GAAP  financial  measures  are  among  the  primary
                indicators  management  uses  as  a  basis  for  our  planning  and  forecasting
                of  future  periods.

                There  are  limitations  in  using  non-GAAP  financial  measures  because  the
                non-GAAP  financial  measures  are  not  prepared  in  accordance  with
                generally  accepted  accounting  principles  and  may  be
                different  from  non-GAAP  financial  measures  used  by  other  companies.
                The  non-GAAP  financial  measures  are  limited  in  value  because  they
                exclude  certain  items  that  may  have  a  material  impact  upon  our
                reported  financial  results.  The  presentation  of  this  additional
                information  is  not  meant  to  be  considered  in  isolation  or  as  a
                substitute  for  the  directly  comparable  financial  measures  prepared  in
                accordance  with  generally  accepted  accounting  principles  in  the  United
                States.  Investors  should  review  the  reconciliation  of  the  non-GAAP
                financial  measures  to  their  most  directly  comparable  GAAP  financial
                measures  as  provided  in  the  tables  accompanying  this  press  release.

        Fiscal  Year  2009                      QTR  1              QTR  2                QTR  3    QTR  4    YTD  2009

        (3)  GAAP  Operating
                  Expenses                            $421                  $441                  $415                    $1,277
                Stock-based
                  compensation
                  expense                                (24)                  (22)                  (21)                        (68)
                Amortization
                  of  customer
                  relationships
                  and  trademarks                    (3)                    (6)                    (7)                        (17)
                In-process
                  research
                  and
                  development                        -                        (17)                    (1)                        (18)
                Non-GAAP
                  Operating
                Expenses                              $394                  $396                  $385                    $1,175

        (4)  GAAP  Operating  Margin        20%                    19%                    23%                          21%
                Stock-based
                  compensation
                  expense                                    4%                      4%                      4%                            4%
                Amortization
                  of
                  developed
                  technology                              1%                      1%                      1%                            1%
                Amortization
                  of  customer
                  relationships
                  and  trademarks                      1%                      1%                      1%                            1%
                In-process
                  research
                  and
                  development                            0%                      3%                      0%                            1%
                Non-GAAP
                  Operating
                  Margin                                    25%                    28%                    29%                          27%

        (5)  GAAP  Net  Income                  $95                    $90                  $104                        $289
                Stock-based
                  compensation
                  expense                                  25                      23                      23                            71
                Amortization
                  of
                  developed
                  technology                              4                        5                        6                            15
                Amortization
                  of  customer
                  relationships
                  and  trademarks                      3                        6                        7                            17
                In-process
                  research
                  and
                  development                        -                          17                        1                            18
                Income  tax
                  effect  on
                  difference
                  between
                  GAAP  and
                  non-GAAP
                  total  costs
                  and  expenses  at
                  a  normalized
                  rate                                        (9)                  (11)                  (12)                        (32)
                  Non-GAAP  Net
                  Income                                $117                  $130                  $130                        $377

        (6)  GAAP  Diluted
                  Net  Income  Per
                  Share                                $0.41                $0.39                $0.45                      $1.25
                Stock-based
                  compensation
                  expense                              0.11                  0.10                  0.10                        0.31
                Amortization
                  of
                  developed
                  technology                        0.01                  0.02                  0.03                        0.06
                Amortization
                  of  customer
                  relationships
                  and  trademarks                0.01                  0.03                  0.03                        0.07
                In-process
                  research
                  and
                  development                        -                      0.07                    -                            0.07
                Income  tax
                  effect  on
                  difference
                  between
                  GAAP  and
                  non-GAAP
                  total  costs
                  and  expenses  at
                  a  normalized
                  rate                                  (0.04)              (0.05)              (0.05)                    (0.14)
                Non-GAAP
                  Diluted  Net
                  Income  Per
                  Share                                $0.50                $0.56                $0.56                      $1.62

        (7)  Q2  FY09  Total  AutoCAD-based  Installed  Base  and  Total  Inventor
                Installed  Base  amounts  have  been  adjusted  to  conform  to  current  period
                presentation.


        Investors:  David  Gennarelli,  david.gennarelli@autodesk.com,  415-507-6033
                              Katie  Blanchard,  katherine.blanchard@autodesk.com,  415-507-6034

        Press:          Pam  Pollace,  pam.pollace@autodesk.com,  415-547-2441
                              Colleen  Rubart,  colleen.rubart@autodesk.com,  415-547-2368
 

Web site: http://www.autodesk.com//




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