Autodesk Reports Third Quarter Financial Results

Revenue from Flagship products was $267 million, a decrease of 7 percent compared to the third quarter last year. Revenue from Suites was $218 million, a decrease of 3 percent compared to the third quarter last year. Revenue from New and Adjacent products was $114 million, an increase of 9 percent compared to the third quarter last year.

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 fourth 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.

Fourth Quarter Fiscal 2016

     
Q4 FY16 Guidance Metrics

Q4 FY16 (ending
January 31, 2016)

Revenue (in millions) $620 - $640
EPS GAAP ($0.31) - ($0.27)
EPS Non-GAAP (1) $0.08 - $0.12
 

_______________

(1) Non-GAAP earnings per diluted share exclude $0.25 related to stock-based compensation expense and $0.10 for the amortization of acquisition related intangibles, net of tax, and $0.04 related to non-cash GAAP tax charges.

Full Year Fiscal 2016

FY16 Guidance Metrics      

FY16 (ending
January 31, 2016)

Billings growth (1) 0.5% - 1.5%
Revenue (in millions) (2) $2,475 - $2,495
GAAP operating margin Approximately (1)%
Non-GAAP operating margin (3) Approximately 10%
EPS GAAP (4) ($1.59) - ($1.55)
EPS Non-GAAP (5) $0.72 to $0.76
Net subscription additions 310,000 - 330,000

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