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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;;

Stock News for Autodesk (ADSK)
11/24/201516:50:10Statement of Changes in Beneficial Ownership (4)
11/23/201515:59:15Initial Statement of Beneficial Ownership (3)
11/23/201508:00:00Autodesk to Present at Upcoming Investor Conferences
11/19/201516:02:02Current Report Filing (8-k)
11/19/201516:01:00Autodesk Reports Third Quarter Financial Results
11/18/201508:00:00Autodesk & ZWCAD Software Co. Resolve Disputes Relating to Software...
11/16/201508:01:24Amended Statement of Beneficial Ownership (sc 13d/a)
11/16/201508:00:56Statement of Beneficial Ownership (sc 13d)
11/09/201518:14:09Statement of Changes in Beneficial Ownership (4)
11/09/201518:10:38Statement of Changes in Beneficial Ownership (4)
11/04/201519:10:00Sachem Head Capital Reports Autodesk Stake
11/04/201516:19:33Statement of Beneficial Ownership (sc 13d)
11/03/201516:42:53Statement of Changes in Beneficial Ownership (4)
11/03/201516:40:45Statement of Changes in Beneficial Ownership (4)
11/02/201508:30:00Autodesk Extends Invitation to Join Financial Results Conference...
10/13/201516:18:46Statement of Changes in Beneficial Ownership (4)
10/09/201516:24:14Autodesk posts 9% gain following JPMorgan meeting
09/30/201508:00:002015 Autodesk Excellence in Infrastructure Global Winners Announced
09/29/201508:57:00Technical Snapshot on the Information Technology Sector -- Altera...
09/29/201508:30:00Autodesk Reiterates Third Quarter and Fiscal Year 2016 Business...

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