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Autodesk Boosts Low End Of 2Q View, Optimistic Long-Term

DOW JONES NEWSWIRES Autodesk Inc. (ADSK) raised the low end of its fiscal second-quarter guidance, while predicting annual revenue growth of 12% to 14% and operating margins of at least 30% in the next five years. Shares of the maker of the popular AutoCAD design software used by engineers and architects were down 1.2% at $27.50 in premarket trading. The stock through Wednesday's close was up 9.5% this year, outperforming the broader market. President and Chief Executive Carl Bass said, "While our near-term outlook is balanced by our cautious view of the pace of the global recovery, we continue to be optimistic about long-term growth." The company noted it was "pleased" with global demand levels, including its Europe, Middle East and Africa segment. Europe's recent economic woes had raised a concern about sales there. Autodesk has remained profitable through cost cutting, but has been positioning itself in recent quarters for a global recovery. AutoDesk reported its first year-to-year sales increase in the prior quarter after five quarterly declines as it swung to a profit, aided by international growth and the absence of prior year charges. The company has scheduled an investor presentation later Thursday. -By Tess Stynes, Dow Jones Newswires; 212-416-2481; Tess.Stynes@dowjones.com;

Stock News for Autodesk (ADSK)
DateTimeHeadline
03/27/201517:24:20Statement of Changes in Beneficial Ownership (4)
03/27/201517:22:46Statement of Changes in Beneficial Ownership (4)
03/24/201517:17:53Statement of Changes in Beneficial Ownership (4)
03/24/201517:15:44Statement of Changes in Beneficial Ownership (4)
03/24/201517:13:38Statement of Changes in Beneficial Ownership (4)
03/24/201517:11:50Statement of Changes in Beneficial Ownership (4)
03/24/201517:09:42Statement of Changes in Beneficial Ownership (4)
03/23/201509:00:00AutoCAD 2016 Helps Design Every Detail With Rich Visual Accuracy
03/19/201519:17:49Statement of Changes in Beneficial Ownership (4)
03/18/201516:09:29Annual Report (10-k)
03/17/201518:11:51Statement of Changes in Beneficial Ownership (4)
03/17/201516:05:04Current Report Filing (8-k)
03/17/201508:00:00Autodesk Launches Tinkerplay App to Make 3D Design and 3D Printing...
03/11/201516:28:45Statement of Changes in Beneficial Ownership (4)
03/09/201519:55:45Statement of Changes in Beneficial Ownership (4)
03/09/201519:54:08Statement of Changes in Beneficial Ownership (4)
03/01/201505:02:23Some Companies Are More Wonderful Than Others
02/27/201518:38:09Statement of Changes in Beneficial Ownership (4)
02/27/201501:27:03Autodesk (ADSK) Carl Bass on Q4 2015 Results - Earnings Call...
02/26/201516:02:01Current Report Filing (8-k)

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