Autodesk Reports Second Quarter Financial Results

"Looking at the second half of this fiscal year we are maintaining our billings and subscriptions outlook but we're now expecting a greater portion of our sales to shift from perpetual licenses to new subscription types," said Scott Herren, Autodesk Chief Financial Officer. "Since the revenue from these new subscription types is deferred and recognized ratably we have revised our revenue, operating margin and EPS outlook for the year. Looking beyond this year, we are currently refining our plans around the pace and timeframe for the business model transition and look forward to providing more detail at our Investor Day event scheduled for September 29th."

Business Outlook

The following are forward-looking statements based on current expectations and assumptions, and involve risks and uncertainties some of which are set forth below under "Safe Harbor." Autodesk's business outlook for the third quarter and full year fiscal 2016 assumes, among other things, a continuation of the current economic environment and foreign exchange currency rate environment. A reconciliation between the GAAP and non-GAAP estimates for fiscal 2016 is provided below or in the tables following this press release.

Third Quarter Fiscal 2016

Q3 FY16 Guidance Metrics       Q3 FY16 (ending October 31, 2015)
Revenue (in millions) $580 - $600
EPS GAAP ($0.23) - ($0.18)
EPS Non-GAAP (1) $0.05 - $0.10

_______________

(1) Non-GAAP earnings per diluted share exclude $0.21 related to stock-based compensation expense and $0.07 for the amortization of acquisition related intangibles, net of tax.

Full Year Fiscal 2016

FY16 Guidance Metrics       FY16 (ending January 31, 2016)
Billings growth (1) 2% - 4%
Revenue (in millions) (2) $2,465 - $2,505
GAAP operating margin

(2)% - (1)%

Non-GAAP operating margin

9% - 10%

EPS GAAP (3) ($1.39) - ($1.27)
EPS Non-GAAP (4) $0.60 - $0.72
Net subscription additions 375,000 - 425,000

« Previous Page 1 | 2 | 3 | 4 | 5 | 6  Next Page »



Review Article Be the first to review this article


Featured Video
Jobs
GIS Developer for GeoDecisions at Vienna, Virginia
Mid-Level Developer for GeoDecisions at Raleigh, North Carolina
Business Analyst for GeoDecisions at Raleigh, North Carolina
GIS Developer for GeoDecisions at St. Charles, Missouri
Senior Level Developer for GeoDecisions at Raleigh, North Carolina
Dev/Ops Developer for GeoDecisions at O'Fallon, Illinois
Upcoming Events
NextGen SCADA Global 2020 at Leonardo Royal Hotel Berlin Alexanderplatz, Otto Braun Stra├če 90, 10249 Berlin Germany - Jan 27 - 31, 2020
DistribuTECH at Henry B. Gonzalez Convention Center Halls 1-4 San Antonio TX - Jan 28 - 30, 2020
CalGIS 2020 at 701 West Ocean Boulevard Long Beach CA - Feb 8 - 12, 2020
CalGIS 2020 at Hilton Long Beach California - Feb 9 - 11, 2020
University of Denver GIS Masters Degree Online
Reality Modeling



Internet Business Systems © 2020 Internet Business Systems, Inc.
25 North 14th Steet, Suite 710, San Jose, CA 95112
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation TechJobsCafe - Technical Jobs and Resumes  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise