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Tag: ADSK

Autodesk to launch new stock repurchase plan; why?

Autodesk to launch new stock repurchase plan; why?

The answer may be about next year’s earnings per share. Autodesk has announced a new program to repurchase up to 30 million shares of its common stock. This new repurchase program is in addition to the approximately 1.5 million shares that remain to be repurchased from previously announced share repurchase programs. As a public company, […]

By September 22, 2016 Read More →
Autodesk reports “terrific” second quarter

Autodesk reports “terrific” second quarter

Sees increase in subscriptions and uptake in suites. Autodesk reported revenue of $551 million for the quarter ending in July ’16 (second quarter of fiscal 2017), which represents 10% decline year over year. New model subscription revenue increased 82% year over year to $371 million. Net loss was $98.2 million, which is an improvement year over […]

By August 29, 2016 Read More →
Autodesk Q1 revenue down, as expected

Autodesk Q1 revenue down, as expected

Transition to subscriptions is going well, but the short-term revenue hit remains strong. Autodesk (ADSK: NASDAQ) has reported first quarter results for fiscal 2017 that are in line with its long-term forecast for moving revenue from product purchases to subscriptions. During this transition, quarterly revenue is impacted because more revenue is recognized over the course […]

By May 20, 2016 Read More →
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 →