Autodesk Reports Fourth Quarter And Full Year Fiscal 2009 Financial Results

SAN RAFAEL, Calif., Feb. 26 /PRNewswire/ -- SAN RAFAEL, Calif., Feb. 26 /PRNewswire-FirstCall/ -- Autodesk, Inc. (NASDAQ: ADSK) today reported revenue of $490 million for the fourth quarter of fiscal 2009, a decrease of 18 percent over the fourth quarter of fiscal 2008. GAAP diluted loss per share in the fourth quarter was $0.47, compared to earnings of $0.40 per diluted share in the fourth quarter last year. Non-GAAP diluted earnings per share in the fourth quarter were $0.31, compared to $0.52 per diluted share in the fourth quarter last year. Non-GAAP diluted earnings per share exclude a pre-tax impairment charge of $0.56 related primarily to a reduction in the carrying of goodwill in the company's Media and Entertainment business segment, $0.18 for restructuring charges, $0.08 related to stock-based compensation expense, $0.11 for the amortization of acquisition related intangibles and in-process research and development, and the offsetting tax impact of $0.15 related to these items.

For fiscal 2009, revenue was a record $2.315 billion, an increase of 7 percent compared to fiscal 2008. Fiscal 2009 net income was $184 million, or $0.80 per diluted share, on a GAAP basis and $448 million, or $1.95 per diluted share, on a non-GAAP basis. A reconciliation between GAAP and non-GAAP results is provided at the end of this press release.

"We have much to be proud of in fiscal 2009, including achieving record annual revenue results, expanding our market presence into new territories, and adding several new and exciting technologies to our portfolio of world-class products," said Carl Bass, Autodesk president and CEO. "While the global economic conditions in the first and second half of fiscal 2009 were very divergent, we are taking actions to reduce our cost structure to better fit the realities of today's economic conditions. Our strong market position and best-in-class products give us confidence that Autodesk will emerge from this downturn better positioned and more operationally efficient."

Operational Overview

Combined revenue from Autodesk's model-based 3D design solutions decreased 1 percent over the fourth quarter of fiscal 2008 to $144 million and comprised 29 percent of total revenue for the quarter. Autodesk shipped approximately 30,000 new commercial seats of its model-based 3D design products including approximately 6,100 seats of 3D manufacturing products, and 24,000 seats of its 3D Architecture Engineering and Construction products.

EMEA revenue was $219 million, a decrease of 16 percent as reported over the fourth quarter of fiscal 2008, and a decrease of 8 percent on a constant currency basis. Revenue in Asia Pacific was $99 million, a decrease of 25 percent as reported year-over-year, and a 28 percent decrease on a constant currency basis. Revenue in the Americas decreased 17 percent to $172 million compared to the fourth quarter of fiscal 2008. Revenue from emerging economies decreased 31 percent, compared to the fourth quarter of fiscal 2008 to $80 million and represented 16 percent of total revenue.

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 only providing guidance for its fiscal first quarter of 2010 at this time.

First Quarter Fiscal 2010

Net revenue for the first quarter of fiscal 2010 is expected to be in the range of $400 million and $440 million. GAAP loss per diluted share is expected to be in the range of $0.20 and $0.08. Non-GAAP earnings per diluted share are expected to be in the range of $0.00 and $0.12 and excludes $0.07 related to restructuring charges, $0.08 related to stock-based compensation expense and $0.05 for the amortization of acquisition related intangibles. The GAAP EPS range assumes a tax rate of 31% and the non-GAAP EPS range assumes a tax rate of 27%.

In addition, operating cash flow for the first quarter is expected to be negative as a result of lower revenues combined with cash outlays in the quarter for payments of the annual employee incentive plan and payments relating to the restructuring plan.

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, July 31, 2008, and October 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 fourth quarter conference call today at 5:00 p.m. EST. The live broadcast can be accessed at http:// www.autodesk.com/investors. A replay of the broadcast 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.

About Autodesk

Autodesk, Inc. is a world leader in 2D and 3D design software for the manufacturing, 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 built. 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 www.autodesk.com.

Autodesk and AutoCAD, are registered trademarks or trademarks 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 offerings and specifications at any time without notice, and is not responsible for typographical or graphical errors that may appear in this document.

(C) 2009 Autodesk, Inc. All rights reserved.

    Investors: David Gennarelli, david.gennarelli@autodesk.com, 415-507-6033

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

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

                                       Three Months Ended  Fiscal Year Ended
                                                                               January  31,                January  31,
                                                                                        ------------            --=-----------
                                                                                        2009        2008            2009            2008
                                                                                        ----        ----            ----            ----
                                                                                        (Unaudited)                (Unaudited)
        Net  revenue:
              License  and  other                                      $310.0    $446.0    $1,603.4    $1,618.6

              Maintenance                                                    179.8      153.0          711.8          553.3
                                                                                        -----      -----          -----          -----

                    Total  net  revenue                                  489.8      599.0      2,315.2      2,171.9
                                                                                        -----      -----      -------      -------

        Cost  of  license  and  other  revenue                46.0        48.7          210.2          199.1

        Cost  of  maintenance  revenue                              2.5          2.2              8.9              8.6
                                                                                            ---          ---              ---              ---

              Total  cost  of  revenue                                  48.5        50.9          219.1          207.7

              Gross  margin                                                  441.3      548.1      2,096.1      1,964.2

        Operating  Expenses:

              Marketing  and  sales                                    218.0      243.8          900.7          847.7

              Research  and  development                          138.7      134.3          576.1          490.5

              General  and  administrative                        49.3        45.9          205.7          180.4

              Impairment  of  goodwill  and
                intangibles                                                  128.9              -          128.9                  -

              Restructuring                                                  40.2              -            40.2                  -
                                                                                          ----          ---            ----              ---

                    Total  operating  expenses                    575.1      424.0      1,851.6      1,518.6
                                                                                        -----      -----      -------      -------

        Income  (loss)  from  operations                    (133.8)    124.1          244.5          445.6

        Interest  and  other  income  (expense),
          net                                                                          (1.8)        6.8              8.0            24.4
                                                                                          ----          ---              ---            ----

        Income  (loss)  before  income  taxes            (135.6)    130.9          252.5          470.0

        Income  tax  (provision)  benefit                      30.3      (34.4)        (68.9)      (113.8)
                                                                                          ----      -----          -----        ------

        Net  income  (loss)                                          $(105.3)    $96.5        $183.6        $356.2
                                                                                    =======      =====        ======        ======

        Basic  net  income  (loss)  per  share            $(0.47)    $0.42          $0.81          $1.55
                                                                                      ======      =====          =====          =====

        Diluted  net  income  (loss)  per  share        $(0.47)    $0.40          $0.80          $1.47
                                                                                      ======      =====          =====          =====

        Shares  used  in  computing  basic
                net  income  (loss)  per  share                  226.3      230.2          225.5          230.3
                                                                                        =====      =====          =====          =====

        Shares  used  in  computing  diluted
                net  income  (loss)  per  share                  226.3      239.4          230.1          242.0
                                                                                        =====      =====          =====          =====



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

                                                                                                            January  31,    January  31,
                                                                                                                      2009                  2008
                                                                                                                      ----                  ----
                                                                                                            (Unaudited)
        ASSETS:

        Current  assets:
            Cash  and  cash  equivalents                                                        $917.6              $917.9
            Marketable  securities                                                                    63.5                  31.4
            Accounts  receivable,  net                                                            316.5                386.5
            Deferred  income  taxes                                                                    31.1                  98.1
            Prepaid  expenses  and  other  current  assets                            59.3                  47.9
                                                                                                                          ----                  ----
        Total  current  assets                                                                    1,388.0            1,481.8
                                                                                                                    -------            -------

        Marketable  securities                                                                          7.6                    8.4
        Computer  equipment,  software,  furniture  and
          leasehold  improvements,  net                                                        120.6                  80.2
        Purchased  technologies,  net                                                          113.3                  64.4
        Goodwill                                                                                                542.5                443.4
        Deferred  income  taxes,  net                                                            125.7                  54.6
        Other  assets                                                                                        123.0                  79.4
                                                                                                                        -----                  ----
                                                                                                                  $2,420.7          $2,212.2
                                                                                                                  ========          ========


        LIABILITIES  AND  STOCKHOLDERS'  EQUITY:

        Current  liabilities:
            Accounts  payable                                                                            $62.4                $79.3
            Accrued  compensation                                                                    124.3                146.2
            Accrued  income  taxes                                                                      16.7                  14.4
            Deferred  revenue                                                                            438.8                400.7
            Borrowings  under  line  of  credit                                                52.1                        -
            Other  accrued  liabilities                                                          105.8                  89.7
                                                                                                                        -----                  ----
        Total  current  liabilities                                                              800.1                730.3
                                                                                                                        -----                -----

        Deferred  revenue                                                                                113.3                105.4
        Long  term  income  taxes  payable                                                    116.9                  86.5
        Long  term  deferred  income  taxes                                                    22.7                    3.3
        Other  liabilities                                                                                57.0                  56.2

        Commitments  and  contingencies

        Stockholders'  equity:
            Preferred  stock                                                                                      -                        -
            Common  stock  and  additional  paid-in  capital                  1,080.4                998.3
            Accumulated  other  comprehensive  income  (loss)                  (11.2)                13.8
            Retained  earnings                                                                          241.5                218.4
                                                                                                                        -----                -----
        Total  stockholders'  equity                                                        1,310.7            1,230.5
                                                                                                                    -------            -------
                                                                                                                  $2,420.7          $2,212.2
                                                                                                                  ========          ========



        Autodesk,  Inc.
        Condensed  Consolidated  Statements  of  Cash  Flows
        (In  millions)
                                                                                                                      Fiscal  Year  Ended
                                                                                                                            January  31,
                                                                                                                        ---------------
                                                                                                                        2009              2008
                                                                                                                        ----              ----
                                                                                                                            (Unaudited)
        Operating  Activities
            Net  income                                                                                      $183.6          $356.2
            Adjustments  to  reconcile  net  income  to  net  cash
              provided  by  operating  activities:
                      Depreciation  and  amortization                                          91.8              61.3
                      Stock-based  compensation  expense                                    89.5              99.3
                      Charge  for  acquired  in-process
                        research  and  development                                                  26.9                5.5
                      Impairment  of  goodwill  and  intangibles                      128.9                    -
                      Restructuring  related  charges,  net                                38.9                    -
                      Changes  in  operating  assets  and  liabilities,
                        net  of  business  combinations                                          34.2            186.2
                                                                                                                          ----            -----
        Net  cash  provided  by  operating  activities                              593.9            708.5
                                                                                                                        -----            -----

        Investing  Activities
            Purchases  of  marketable  securities                                      (118.6)        (727.0)
            Sales  of  marketable  securities                                                  83.4            799.1
            Business  combinations,  net  of  cash  acquired                    (364.5)        (114.5)
            Capital  and  other  expenditures                                                (78.4)          (43.3)
                                                                                                                        -----            -----
        Net  cash  used  in  investing  activities                                    (478.1)          (85.7)
                                                                                                                      ------            -----

        Financing  activities
            Proceeds  from  borrowings  on  line  of  credit                        912.4                    -
            Repayments  of  borrowings  on  line  of  credit                      (860.3)                  -
            Proceeds  from  issuance  of  common  stock,
              net  of  issuance  costs                                                                  90.1            187.3
            Repurchases  of  common  stock                                                    (256.6)        (563.0)
                                                                                                                      ------          ------
        Net  cash  used  in  financing  activities                                    (114.4)        (375.7)
                                                                                                                      ------          ------

        Effect  of  exchange  rate  changes  on  cash  and  cash
          equivalents                                                                                          (1.7)              4.9
                                                                                                                          ----                ---

        Net  increase  (decrease)  in  cash  and  cash  equivalents          (0.3)          252.0
        Cash  and  cash  equivalents  at  beginning  of  fiscal  year      917.9            665.9
                                                                                                                        -----            -----
        Cash  and  cash  equivalents  at  end  of  period                          $917.6          $917.9
                                                                                                                      ======          ======



        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,
        in-process  research  and  development  expenses,  restructuring  expenses,
        amortization  of  purchased  intangibles,  asset  impairment  and  related
        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      Fiscal  Year  Ended
                                                                                      January  31,                January  31,
                                                                                    ------------            --------------
                                                                                    2009        2008            2009            2008
                                                                                    ----        ----            ----            ----
                                                                                      (Unaudited)                (Unaudited)

        GAAP  cost  of  license  and  other
          revenue                                                            $46.0      $48.7        $210.2        $199.1
        SFAS  123R  stock-based  compensation
          expense                                                              (0.5)      (1.2)          (3.6)          (5.0)
        Amortization  of  developed  technology      (7.9)      (3.4)        (23.2)        (10.7)
        Employee  tax  reimbursements
          related  to  stock  option  review                      -        (0.1)                -            (1.2)
                                                                                        ---        ----              ---            ----
        Non-GAAP  cost  of  license  and  other
          revenue                                                            $37.6      $44.0        $183.4        $182.2
                                                                                    =====      =====        ======        ======

        GAAP  gross  margin                                        $441.3    $548.1    $2,096.1    $1,964.2
        SFAS  123R  stock-based  compensation
          expense                                                                0.5          1.2              3.6              5.0
        Amortization  of  developed  technology        7.9          3.4            23.2            10.7
        Employee  tax  reimbursements
          related  to  stock  option  review                      -          0.1                  -              1.2
                                                                                        ---          ---              ---              ---
        Non-GAAP  gross  margin                                $449.7    $552.8    $2,122.9    $1,981.1
                                                                                  ======    ======    ========    ========

        GAAP  marketing  and  sales                          $218.0    $243.8        $900.7        $847.7
        SFAS  123R  stock-based  compensation
          expense                                                              (8.6)    (11.8)        (39.2)        (43.1)
        Employee  tax  reimbursements
          related  to  stock  option  review                      -        (0.6)                -            (5.4)
                                                                                        ---        ----              ---            ----
        Non-GAAP  marketing  and  sales                  $209.4    $231.4        $861.5        $799.2
                                                                                  ======    ======        ======        ======

        GAAP  research  and  development                $138.7    $134.3        $576.1        $490.5
        SFAS  123R  stock-based  compensation
          expense                                                              (6.0)      (8.5)        (29.3)        (32.4)
        In-process  research  and  development        (8.9)      (1.9)        (26.9)          (5.5)
        Employee  tax  reimbursements
          related  to  stock  option  review                      -        (0.8)                -            (5.2)
                                                                                        ---        ----              ---            ----
        Non-GAAP  research  and  development        $123.8    $123.1        $519.9        $447.4
                                                                                  ======    ======        ======        ======

        GAAP  general  and  administrative              $49.3      $45.9        $205.7        $180.4
        SFAS  123R  stock-based  compensation
          expense                                                              (3.6)      (4.7)        (17.5)        (18.8)
        Amortization  of  customer
          relationships  and  trademarks                    (6.9)      (3.2)        (23.4)          (9.4)
        Employee  tax  reimbursements
          related  to  stock  option  review                      -        (0.3)                -            (2.0)
                                                                                        ---        ----              ---            ----
        Non-GAAP  general  and  administrative      $38.8      $37.7        $164.8        $150.2
                                                                                    =====      =====        ======        ======

        GAAP  Impairment  of  goodwill  and
          intangibles                                                  $128.9            $-        $128.9                $-
        Impairment  of  goodwill  and
          intangibles                                                  (128.9)            -        (128.9)                -
                                                                                  ------              -        ------                  -
        Non-GAAP  Impairment  of  goodwill
          and  intangibles                                                  $-            $-                $-                $-
                                                                                        ===          ===              ===              ===

        GAAP  Restructuring                                        $40.2            $-          $40.2                $-
        Restructuring                                                  (40.2)            -          (40.2)                -
                                                                                    -----              -          -----                  -
        Non-GAAP  Restructuring                                      $-            $-                $-                $-
                                                                                        ===          ===              ===              ===

        GAAP  operating  expenses                            $575.1    $424.0    $1,851.6    $1,518.6
        SFAS  123R  stock-based  compensation
          expense                                                            (18.2)    (25.0)        (86.0)        (94.3)
        Employee  tax  reimbursements
          related  to  stock  option  review                      -        (1.7)                -          (12.6)
        Amortization  of  customer
          relationships  and  trademarks                    (6.9)      (3.2)        (23.4)          (9.4)
        In-process  research  and  development        (8.9)      (1.9)        (26.9)          (5.5)
        Impairment  of  goodwill  and
          intangibles                                                  (128.9)            -        (128.9)                -
        Restructuring                                                  (40.2)            -          (40.2)                -
                                                                                    -----          ---          -----              ---
        Non-GAAP  operating  expenses                    $372.0    $392.2    $1,546.2    $1,396.8
                                                                                  ======    ======    ========    ========

        GAAP  income  (loss)  from  operations    $(133.8)  $124.1        $244.5        $445.6
        SFAS  123R  stock-based  compensation
          expense                                                              18.7        26.2            89.6            99.3
        Employee  tax  reimbursements
          related  to  stock  option  review                      -          1.8                  -            13.8
        Amortization  of  developed  technology        7.9          3.4            23.2            10.7
        Amortization  of  customer
          relationships  and  trademarks                      6.9          3.2            23.4              9.4
        In-process  research  and  development          8.9          1.9            26.9              5.5
        Impairment  of  goodwill  and
          intangibles                                                    128.9              -          128.9                  -
        Restructuring                                                    40.2              -            40.2                  -
                                                                                      ----          ---            ----              ---
        Non-GAAP  income  from  operations              $77.7    $160.6        $576.7        $584.3
                                                                                    =====    ======        ======        ======

        GAAP  interest  and  other  income
          (expense),  net                                              $(1.8)      $6.8            $8.0          $24.4
        Investment  impairment                                          -              -                  -              4.0
                                                                                        ---          ---              ---              ---
        Non-GAAP  interest  and  other  income
          (expense),  net                                              $(1.8)      $6.8            $8.0          $28.4
                                                                                    =====        ====            ====          =====

        GAAP  income  tax  (provision)  benefit      $30.3    $(34.4)      $(68.9)    $(113.8)
        Income  tax  effect  on  difference
          between  GAAP  and  non-GAAP  total
          costs  and  expenses  at  a  normalized
          rate                                                                  (35.9)      (8.8)        (68.0)        (42.4)
                                                                                    -----        ----          -----          -----
        Non-GAAP  income  tax  provision                  $(5.6)  $(43.2)    $(136.9)    $(156.2)
                                                                                    =====    ======      =======      =======

        GAAP  net  income  (loss)                            $(105.3)    $96.5        $183.6        $356.2
        SFAS  123R  stock-based  compensation
          expense                                                              18.7        26.2            89.6            99.3
        Employee  tax  reimbursements
          related  to  stock  option  review                      -          1.8                  -            13.8
        Investment  impairment                                          -              -                  -              4.0
        Amortization  of  developed  technology        7.9          3.4            23.2            10.7
        In-process  research  and  development          8.9          1.9            26.9              5.5
        Amortization  of  customer
          relationships  and  trademarks                      6.9          3.2            23.4              9.4
        Impairment  of  goodwill  and
          intangibles                                                    128.9              -          128.9                  -
        Restructuring                                                    40.2              -            40.2                  -
        Income  tax  effect  on  difference
          between  GAAP  and  non-GAAP  total
          costs  and  expenses  at  a  normalized
          rate                                                                  (35.9)      (8.8)        (68.0)        (42.4)
                                                                                    -----        ----          -----          -----
        Non-GAAP  net  income                                      $70.3    $124.2        $447.8        $456.5
                                                                                    =====    ======        ======        ======

        GAAP  diluted  net  income  (loss)
          per  share                                                      $(0.47)    $0.40          $0.80          $1.47
        SFAS  123R  stock-based  compensation
          expense                                                              0.08        0.11            0.39            0.41
        Employee  tax  reimbursements
          related  to  stock  option  review                      -        0.01                  -            0.06
        Investment  impairment                                          -              -                  -            0.02
        Amortization  of  developed  technology      0.04        0.01            0.10            0.04
        In-process  research  and  development        0.04        0.01            0.12            0.02
        Amortization  of  customer
          relationships  and  trademarks                    0.03        0.02            0.10            0.04
        Impairment  of  goodwill  and
          intangibles                                                      0.56              -            0.56                  -
        Restructuring                                                    0.18              -            0.18                  -
        Income  tax  effect  on  difference
          between  GAAP  and  non-GAAP  total
          costs  and  expenses  at  a  normalized
          rate                                                                  (0.15)    (0.04)        (0.30)        (0.18)
                                                                                    -----      -----          -----          -----
        Non-GAAP  diluted  net  income  per  share  $0.31      $0.52          $1.95          $1.88
                                                                                    =====      =====          =====          =====

        GAAP  diluted  shares  used  in
          per  share  calculation                                226.3      239.4          230.1          242.0
        Impact  of  SFAS  123R  on  diluted  shares    (0.2)        1.0            (0.4)            1.2
        Shares  included  in  non-GAAP  net
          income  per  share,  but  excluded
          from  GAAP  net  loss  per  share  as
          they  would  have  been  anti-dilutive          3.0              -                  -                  -
                                                                                      ----          ---            ----              ---
        Non-GAAP  diluted  shares  used  in
          per  share  calculation                                229.1      240.4          229.7          243.2
                                                                                    =====      =====          =====          =====



                                              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                  $490              $2,315
                License
                  and  other
                  revenue          $432                  $440                  $421                  $310              $1,603
                Maintenance
                  revenue          $167                  $180                  $186                  $180                  $712

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

        GAAP  Operating
          Expenses                $421                  $441                  $415                  $575              $1,852
        GAAP  Operating
          Margin                      20%                    19%                    23%                  -27%                    11%
        GAAP  Net
          Income  (Loss)        $95                    $90                  $104                $(105)                $184
        GAAP  Diluted
          Net  Income
          (Loss)  Per
          Share                    $0.41                $0.39                $0.45              $(0.47)              $0.80

        Non-GAAP
          Operating
          Expenses
          (2)(3)                    $394                  $396                  $385                  $372              $1,546
        Non-GAAP
          Operating
          Margin
          (2)(4)                      25%                    28%                    29%                    16%                    25%
        Non-GAAP
          Net  Income
          (2)(5)                    $117                  $131                  $130                    $70                  $448
        Non-GAAP
          Diluted  Net
          Income
          Per  Share
          (2)(6)                  $0.50                $0.56                $0.56                $0.31                $1.95

        Total  Cash  and
          Marketable
          Securities            $950                  $970                  $941                  $989                  $989
        Days  Sales
          Outstanding              51                      48                      44                      59                      59
        Capital
          Expenditures          $14                    $26                    $19                    $19                    $78
        Cash  from
          Operations            $185                  $215                  $107                    $86                  $594
        GAAP  Depreciation
          and  Amortization  $17                    $22                    $25                    $27                    $92

        Deferred
          Maintenance
          Revenue  Balance  $474                  $488                  $433                  $475                  $475

        Revenue  by
          Geography  (in
          millions):
        Americas                  $191                  $203                  $216                  $172                  $782
        Europe                      $259                  $267                  $258                  $219              $1,003
        Asia/Pacific          $149                  $150                  $133                    $99                  $530

        Revenue  by
          Segment  (in
          millions):
        Platform
          Solutions  and
          Emerging
          Business  and
          Other                      $278                  $270                  $269                  $201              $1,018
        Architecture,
          Engineering  and
          Construction        $129                  $144                  $134                  $118                  $525
        Manufacturing
          Solutions              $119                  $131                  $124                  $114                  $488
        Media  and
          Entertainment        $67                    $69                    $73                    $53                  $262
        Other                            $6                      $6                      $7                      $4                    $22

        Other  Revenue
          Statistics:
        %  of  Total  Rev
          from  AutoCAD
          and  AutoCAD  LT      41%                    35%                    35%                    32%                    36%
        %  of  Total  Rev
          from  3D  design
          products                  24%                    26%                    27%                    29%                    27%
        %  of  Total  Rev
          from  Emerging
          Economies                17%                    18%                    19%                    16%                    18%
        Upgrade  Revenue
          (in  millions)        $61                    $58                    $41                    $34                  $194

        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                  $(19)                  $82
        FX  Impact  on
          Total  Operating
          Expenses                $(14)                $(11)                  $(3)                  $17                  $(11)
        FX  Impact  on
          Total  Net
          Income  (Loss)        $27                    $31                    $15                    $(2)                  $71

        Gross  Margin  by
          Segment  (in
          millions):
        Platform
          Solutions  and
          Emerging
          Business  and
          Other                      $263                  $255                  $257                  $190                  $965
        Architecture,
          Engineering  and
          Construction        $119                  $133                  $126                  $109                  $487
        Manufacturing
          Solutions              $110                  $122                  $117                  $107                  $456
        Media  and
          Entertainment        $50                    $52                    $57                    $41                  $200
        Unallocated
          amounts                    $(1)                  $(2)                  $(3)                  $(6)                $(12)

        Common  Stock
          Statistics:
        GAAP  Shares
          Out-
          standing  223,616,000    224,528,000    226,248,000    226,354,000    226,354,000
        GAAP  Fully
          Diluted
          Weighted
          Average
          Shares
          Out-
          standing  232,607,000    231,078,000    230,364,000    226,299,000    230,068,000
        Shares
          Repurch-
          ased              8,001,000                        -                        -                        -        8,001,000

        Installed
          Base
          Statistics:
        Total
          AutoCAD-
          based
          Installed
          Base              4,377,000        4,431,000        4,491,000        4,551,000        4,551,000
        Stand-alone
          AutoCAD                                                                                                                2,980,000
        AutoCAD
          Mechanical                                                                                                              266,000
        AutoCAD
          Map  3D                                                                                                                      281,000
        AutoCAD
          Architecture                                                                                                          577,000
        AutoCAD  LT
          Installed
          Base                                                                                                                      3,949,000
        Total  Inventor
          Installed
          Base                  794,000            817,000            841,000            869,000            869,000
        Total
          Maintenance
          Installed
          Base              1,587,000        1,644,000        1,696,000        1,704,000        1,704,000


        (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,
          in-process  research  and  development  expenses,  restructuring  expenses,
          amortization  of  purchased  intangibles,  investment  impairment  and
          related  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        $575        $1,852
                  Stock-based  compensation
                    expense                                        (24)      (22)      (21)        (18)            (87)
                  Amortization  of  customer
                    relationships  and
                    trademarks                                    (3)        (6)        (7)          (7)            (24)
                  In-process  research
                    and  development                            -        (17)        (1)          (9)            (27)
                  Restructuring                                  -            -            -          (40)            (40)
                  Impairment  of  goodwill
                    and  intangibles                            -            -            -        (129)          (129)
                                                                          ---        ---        ---        ----            ----
                  Non-GAAP  Operating
                    Expenses                                    $394      $396      $385        $372        $1,546

        (4)  GAAP  Operating  Margin                  20%        19%        23%        -27%              11%
                  Stock-based  compensation
                    expense                                            4%          4%          4%            4%                4%
                  Amortization  of
                    developed  technology                  1%          1%          1%            2%                1%
                  Amortization  of  customer
                    relationships  and
                    trademarks                                      1%          1%          1%            1%                1%
                  In-process  research
                    and  development                            0%          3%          0%            2%                1%
                  Restructuring                                  0%          0%          0%            8%                2%
                  Impairment  of  goodwill
                    and  intangibles                            0%          0%          0%          26%                6%
                                                                          ---        ---        ---          ---              ---
                  Non-GAAP  Operating  Margin        25%        28%        29%          16%              25%

        (5)  GAAP  Net  Income  (Loss)              $95        $90      $104      $(105)          $184
                  Stock-based  compensation
                    expense                                          25          23        $23            19                90
                  Amortization  of
                    developed  technology                  4            5          $6              8                23
                  Amortization  of  customer
                    relationships  and
                    trademarks                                      3            6          $7              7                24
                  In-process  research
                    and  development                            -          17          $1              9                27
                  Impairment  of  goodwill
                    and  intangibles                            -            -            -          129              129
                  Restructuring                                  -            -            -            40                40
                  Income  tax  effect  on
                    difference  between  GAAP
                    and  non-GAAP  total  costs
                    and  expenses  at  a
                    normalized  rate                          (9)      (11)      (12)        (36)            (68)
                                                                          ---        ---        ---          ---              ---
                  Non-GAAP  Net  Income                $117      $131      $130          $70            $448

        (6)  GAAP  Diluted  Net
                  Income  (Loss)  Per  Share      $0.41    $0.39    $0.45    $(0.47)        $0.80
                  Stock-based  compensation
                    expense                                      0.11      0.10      0.10        0.08            0.39
                  Amortization  of
                    developed  technology            0.01      0.02      0.03        0.04            0.10
                  Amortization  of  customer
                    relationships  and
                    trademarks                                0.01      0.03      0.03        0.03            0.10
                  In-process  research
                    and  development                            -      0.07            -        0.04            0.12
                  Impairment  of  goodwill
                    and  intangibles                            -            -            -        0.56            0.56
                  Restructuring                                  -            -            -        0.18            0.18
                  Income  tax  effect  on
                    difference  between  GAAP
                    and  non-GAAP  total  costs
                    and  expenses  at  a
                    normalized  rate                    (0.04)  (0.05)  (0.05)    (0.15)        (0.30)
                                                                      -----    -----    -----      -----          -----
                  Non-GAAP  Diluted  Net
                    Income  Per  Share                  $0.50    $0.56    $0.56      $0.31          $1.95
 

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