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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
09/03/201508:00:00Autodesk Details Next Phase of Subscription Transition
08/31/201516:05:37Quarterly Report (10-q)
08/27/201516:02:32Current Report Filing (8-k)
08/27/201516:01:00Autodesk Reports Second Quarter Financial Results
08/27/201516:00:00Autodesk Signs Agreement to Acquire SeeControl
08/12/201510:10:07Hewlett-Packard Names Post-Breakup Board Members
08/04/201516:14:33Statement of Changes in Beneficial Ownership (4)
08/04/201508:00:00Autodesk Provides a Streamlined 3D Printing Experience for Windows...
08/03/201508:30:00Autodesk Extends Invitation to Join Financial Results Conference...
08/03/201508:00:00Autodesk Launches Stingray Game Engine at GDC Europe 2015
07/21/201516:12:30Statement of Changes in Beneficial Ownership (4)
07/15/201516:05:47Statement of Changes in Beneficial Ownership (4)
07/07/201516:04:40Statement of Changes in Beneficial Ownership (4)
07/01/201517:33:59Statement of Changes in Beneficial Ownership (4)
06/30/201517:11:48Statement of Changes in Beneficial Ownership (4)
06/29/201509:00:00Autodesk Expands Free Access to Autodesk Design Academy Curricula...
06/24/201516:36:03Statement of Changes in Beneficial Ownership (4)
06/23/201508:00:00Autodesk to Present at the Nasdaq Investor Program
06/19/201516:05:04Statement of Changes in Beneficial Ownership (4)
06/17/201517:20:24Securities Registration: Employee Benefit Plan (s-8)

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