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Tag: ADSK

Autodesk invites activist shareholders onto board

Autodesk invites activist shareholders onto board

CEO Carl Bass warned about short-sighted activists with “simplistic views.” Two weeks later they are on the board of directors. By Randall S. Newton Autodesk has announced it is inviting representatives from so-called activist investor groups to join its board of directors. On the face of it, sounds like mild news. But there is more […]

By March 17, 2016 Read More →
Autodesk revenue down in fourth quarter, flat for fiscal year

Autodesk revenue down in fourth quarter, flat for fiscal year

Transition metrics and revenue metrics offer alternative scenarios for Autodesk’s fiscal year. The story of fourth quarter and full-year results for Autodesk (ADSK: Nasdaq) is a tale of two methods of measurement. If we measure the metrics of transition from perpetual license sales to annual subscriptions, Autodesk is doing quite well. If we measure the […]

By February 26, 2016 Read More →
Autodesk doing so well it announces layoffs

Autodesk doing so well it announces layoffs

925 to be shown the door in a quarter when revenue will exceed expectations; the restructuring continues. In a statement required by federal regulations, Autodesk has announced the impending layoff of approximately 925 employees, 10% of its workforce. In the same statement Autodesk said it expects to exceed expectations for fourth-quarter revenue and subscriptions. Autodesk […]

By February 5, 2016 Read More →
Autodesk reports sluggish third quarter 

Autodesk reports sluggish third quarter 

They told us the move to subscriptions might put a drag on revenue; they were right.    The third quarter did not treat Autodesk (NASDAQ: ADSK) kindly. Revenue was up 2% only when measured in constant currencies; otherwise it was down 3% year-over-year. Subscriptions increased by 80,000 sequentially but deferred revenue fell. Billings fell 4%, and Autodesk reported an […]

By November 21, 2015 Read More →
Autodesk revenue down 4% as move to subscriptions accelerates

Autodesk revenue down 4% as move to subscriptions accelerates

Deferred revenue grew by 26% to account for the majority of revenue for the first time. Autodesk (NASDAQ: ADSK) has been telling Wall Street for a while how the transition from selling software as piece goods (perpetual licenses) to software as a service (subscriptions) would be a long transition with up and down quarters. 2Q16 […]

Autodesk posts solid Q1 despite strong US Dollar

Autodesk posts solid Q1 despite strong US Dollar

Cash flow and net profit were down; AEC remains strong. By Randall S. Newton Autodesk (NASDAQ: ADSK) reported a solid first quarter for fiscal 2016, despite lowered sales due to the strong US Dollar and the continued transition from perpetual licenses to subscriptions. Revenue was $647 million, up 9% compared to 1Q15, and 13% on […]

Autodesk revenue rises 13% in fourth quarter

Autodesk revenue rises 13% in fourth quarter

By February 26, 2015 0 Comments Read More →
Strong AEC results propel Autodesk third quarter

Strong AEC results propel Autodesk third quarter

Revenue was $618 million, up 11% but net income dropped 81% on increased spending.   Autodesk today reported a strong third quarter, led by a 17% increase in revenue from the AEC business segment. Deferred revenue topped $1 billion for the first time, and total billings rose 25% from a year ago. For the third […]

By November 20, 2014 0 Comments Read More →
Autodesk sets second quarter record

Autodesk sets second quarter record

Billings and revenue both exceeded expectations. Autodesk now has almost $1 billion in deferred revenue. By Randall S. Newton Autodesk (Nasdaq: ADSK) has reported record second quarter income, with healthy increases in billings and subscriptions. All geographic regions reported double-digits percentage growth year-over-year. Revenue for the second quarter of fiscal 2015 (ended July 31, 2014) […]

Autodesk first quarter revenue better than expected

Autodesk first quarter revenue better than expected