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By August 23, 2012 Read More →

Autodesk “execution challenges” lead to flat second quarter, 500 layoffs

About the Author:

Randall S. Newton is Managing Editor of GraphicSpeak. He has been writing about engineering and design technologies for more than 25 years.

3 Comments on "Autodesk “execution challenges” lead to flat second quarter, 500 layoffs"

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  1. Joe says:

    I can see it getting worse for ADSK, a lot worse. They are not positioned for cloud nor mobile. The ‘re-engineering’ costs and time, of current applications, to even approach what competitors both new and old have, will take a massive toll.

    The M&E is against cloud, not wanting to risk their ip. The EU (Germany) insists on heavy duty regulations being in place before cloud is allowed.

    Socialcam was a overvalued purchase, as its value was already on the decline, and its competitors are increasing.

    No, I’m not bullish on ADSK, I see a hard road ahead, with little or no guarantees that they can make it, nor that any of the acq’s will bear fruit…Soon

    I agree with your take on ‘blamed the shifting for poor results since’, I believe this is going to be a recurring theme during these calls.

    As of this quarter Autodesk no longer shares the number of its users on subscription, this is a great cause for concern for investors. Hard data being capped is NOT what i want to hear.

    Given all of the above I think a low 20’s high teens is about where it should be, with all the unresolved issues that surround it. At this point in time, valuing it at anything more is a very risky business.

    Maybe its also because I cant see ADSK surviving in a fast and ever increasing rapid deployment to market, it never has been that, I doubt if the culture can survive or manage the change. It’s starting to feel like a 4pm dinosaur.

  2. Don says:

    They probably aren’t releasing subscription user numbers because they plan to increase subscription costs and shave a good chunk off of that current value.

  3. Joe says:

    Of course they’ll increase subscription costs, that’s a given.
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    The cause for concern is NOT giving those numbers to the shareholders.
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    I know the article says it’s a point of speculation.
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    My speculation is WHEN the price hike hits, ADSK do not want shareholders knowing how many ABANDONED ADSK altogether.
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    That’s why I say, until the whole ‘cloud’ story is completed and people can work that way, the stock is way overppriced.
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    There is significant work ADSK have to get real busy with and the 7% may have helped in getting there.
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    I don’t see it getting done in 2-3 years, across most or all product lines.
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    Realistically, it’ll be at least double that time frame, including resolving EU legal regulations (see Facebook Germany), until then my recommend has to be neutral-sell.