A transition team is in place, with two senior vice presidents sharing interim leadership responsibilities. Two activist shareholders will leave the board of directors. Autodesk today announced Carl Bass will step down as president and chief executive officer, effective February 8. In a statement released to the media, Autodesk says its board of directors has started a CEO … [Read more...] about Carl Bass steps down as Autodesk CEO
Carl Bass
Autodesk plays host to the future of design at REAL conference
So much to experience; four days was not enough. By Jon Peddie Autodesk put on its second REAL Conference in San Francisco at Fort Mason, a refurbished old Navy supply and provisioning base on San Francisco Bay. It’s one of the cooler, edgier places in the Bay Area, and a perfect setting. The only problem with the conference was it had too much stuff. Two simultaneous … [Read more...] about Autodesk plays host to the future of design at REAL conference
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. … [Read more...] about Autodesk doing so well it announces layoffs
Autodesk introduces Forge developer platform
Autodesk is introducing a three-pronged Forge program to foster a developer network for cloud products and services starting with Fusion 360. The company sees Forge as an accelerant for the company's transition to the cloud. One of the major announcements from this year’s Autodesk University was the recommitment of the company's future in the cloud. On the first day of the … [Read more...] about Autodesk introduces Forge developer platform
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 a constant currency basis. Total … [Read more...] about Autodesk posts solid Q1 despite strong US Dollar
Redefining CAD for a new generation; Onshape debuts
Onshape, the latest entrant to the elite club of professional CAD products, stands out as a cloud-based tool designed to foster collaboration. Will the CAD community accept workflows based in the cloud? This team of veterans from SolidWorks and other CAD and high tech pioneers thinks so. In CAD land, there are people who can command investment dollars with the merest twitch … [Read more...] about Redefining CAD for a new generation; Onshape debuts
Autodesk revenue rises 13% in fourth quarter
Net income continues to drop with the conversion to subscriptions. Autodesk (NASDAQ: ADSK) saw revenue rise in the fourth quarter, capping a year which saw AEC sales regain a level not seen for several years. Revenue was $665 million for the fourth quarter of fiscal 2015 (ended January 31, 2015), up 13% compared to 4Q14; 15% on a constant currency basis. Fourth … [Read more...] about Autodesk revenue rises 13% in fourth quarter
Autodesk makes software, lots of it, free to students
Autodesk expands its education programs and makes software and training free to students and educators around the world. Autodesk University is just kicking off and we're getting the idea that the company is seriously tinkering with the way they sell and support software. Just before the show opened the company announced a new education program. Autodesk is offering … [Read more...] about Autodesk makes software, lots of it, free to students
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 time this fiscal year, Autodesk has raised its guidance for … [Read more...] about Strong AEC results propel Autodesk third quarter
Autodesk first quarter revenue better than expected
Despite going through a major transition, revenue was up 4%, but net income was down. Autodesk (NASDAQ: ADSK) today reported better than expected first quarter results, given the company is going through a multi-quarter business model transition, moving away from selling perpetual licenses and into a variety of subscription-based offerings. Revenue for the first quarter of … [Read more...] about Autodesk first quarter revenue better than expected