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Autodesk 4Q Net Up 23% As Revenue, Margins Grow

DOW JONES NEWSWIRES Autodesk Inc.'s (ADSK) fiscal fourth-quarter profit rose 23% as revenue climbed by double-digit percentages at all of its geographic and business segments. The maker of the popular AutoCAD design software used by engineers and architects has seen sales pick up in recent quarters and recently announced plans for acquisitions. Last week, Autodesk said it planned to buy Scaleform Corp. for about $36 million in cash and Blue Ridge Numerics for $39 million in cash. In December, the board approved a buyback of up to 20 million of its shares, about 9% of its outstanding stock. For the quarter ended Jan. 31, Autodesk reported a profit of $61.6 million, or 26 cents a share, up from $50.1 million, or 21 cents a share, a year earlier. Excluding items such as stock-based compensation and amortization of developed technology, per-share earnings rose to 35 cents from 30 cents. Revenue jumped 16% to $527.7 million. The company had forecast earnings of 30 cents to 33 cents a share on $500 million to $520 million in revenue. Operating margin widened to 13.6% from 12.3%. For the new year, the company projected revenue increasing 10%. Analysts polled by Thomson Reuters had predicted $2.14 billion, which represents a 9.8% increase. Autodesk forecast current-quarter earnings of 34 cents to 37 cents a share on $510 million to $525 million in revenue. Analysts had anticipated profit of 36 cents a share on $515 million in revenue. Shares closed at $40.43, up 2.1%. The stock has risen 45% in the past year. -By Matt Jarzemsky and Lee Roberts, Dow Jones Newswires; 212-416-2240;

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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