Exhibit 99.1
AUTODESK REPORTS RECORD REVENUES OF $457 MILLION
SAN RAFAEL, Calif., Nov. 16 /PRNewswire-FirstCall/ -- Autodesk, Inc.
(Nasdaq: ADSK) today reported record quarterly revenues of $457 million, an
increase of 21 percent over the third quarter of fiscal 2006.
"Autodesk had a very solid quarter," said Carl Bass, Autodesk president and
CEO. "Customers around the world increasingly recognize the innovation and
productivity that Autodesk products provide. Customer adoption of Autodesk's
industry-leading 3D products is increasing and customer demand for our 2D
solutions remains very strong. Revenues from emerging economies increased to 15
percent of total revenue. Long term market trends favor Autodesk and we continue
to gain share as we execute our key strategies."
Operational Highlights
Autodesk's performance was driven by strong increases in revenues from 3D
products, products for the media and entertainment market and strong increases
in revenue from AutoCAD new seats and subscriptions. In addition, total revenues
from new seats, subscriptions and emerging economies showed strong growth.
The company's 3D products, Inventor, Revit and Civil 3D, continue to
increase their market penetration. Combined revenues from these model-based
design products increased 36 percent over the third quarter of fiscal 2006 to a
record $98 million. 3D revenues reached 22 percent of total revenues in the
quarter. In total, Autodesk shipped more than 38,000 commercial seats of 3D in
the quarter including 18,200 seats of Revit, 13,000 seats of Inventor and 6,900
seats of Civil 3D.
Revenues from the Media and Entertainment segment increased 50 percent over
the third quarter of fiscal 2006 to a record $64 million. Animation revenues
were $33 million in the quarter, an increase of nearly 160 percent over the
third quarter of fiscal 2006 and 14 percent sequentially. 3ds Max revenues
increased 28 percent compared to the third quarter of fiscal 2006. Revenues from
Autodesk Maya reached a record level, increasing 33 percent sequentially.
Advanced Systems revenues increased 5 percent both sequentially and compared to
the third quarter of fiscal 2006. Over 80 percent of Advanced Systems product
revenue in the quarter was Linux-based.
Revenues from new seats increased by 20 percent compared to the third
quarter of last year. Revenues from new seats of Revit and Civil 3D increased 94
percent and 44 percent, respectively, compared to the third quarter of fiscal
2006. Revenues from new seats of AutoCAD increased by 24 percent compared to the
third quarter of last year. In addition, revenues from Buzzsaw increased 79
percent compared to the third quarter of last year. Revenues from new seats and
emerging businesses continue to represent approximately two-thirds of total
revenues.
Subscription revenues increased 50 percent compared to the third quarter of
fiscal 2006 to $111 million or 24 percent of total revenues. Continued strength
in subscription attach rates and renewal rates drove a $12 million sequential
increase in deferred subscription revenues. Although upgrade revenues declined,
as expected, combined subscription and upgrade revenues increased 17 percent
compared to the third quarter of fiscal 2006 and continue to represent
approximately one-third of total revenues.
Once again, emerging economies contributed robust growth in revenues.
Revenues from the emerging economies in Asia Pacific, Eastern Europe, Latin
America and the Middle East increased 38 percent over the third quarter of
fiscal 2006 and represented 15 percent of total revenues in the third quarter.
OTHER FINANCIAL HIGHLIGHTS
* Cash, cash equivalents and marketable securities increased by
$129 million sequentially to $597 million as of October 31,
2006.
* Total backlog was $352 million as of October 31, 2006,
including $333 million of deferred revenues. Deferred
subscription revenues increased $12 million sequentially to
$275 million. In addition, there was $19 million of unshipped
product orders at quarter end.
* Channel inventory was slightly below the normal range of three
to four weeks.
* DSO decreased by one day sequentially to 51 days.
* Capital expenditures were $7 million.
* The company received $10 million from employee stock plans. As
a result of the voluntary review of the company's historical
stock option granting practices and the related accounting, no
shares were repurchased during the quarter.
* There were approximately 231 million total shares outstanding
and 242 million diluted shares outstanding in the third
quarter.
* Revenues in the Americas increased 21 percent over the third
quarter of fiscal 2006 to $194 million.
* Revenues in EMEA increased 20 percent over the third quarter
of fiscal 2006 to $160 million.
* Revenues in Asia Pacific increased 22 percent over the third
quarter of fiscal 2006 to $103 million. Revenues in Japan
increased three percent compared to last year. Excluding
Japan, revenues in Asia Pacific increased 36 percent compared
to last year.
* In the third quarter of fiscal 2007, spending for total costs
and expenses -- which include cost of license and other
revenue, cost of maintenance revenues, marketing and sales,
research and development, and general and administrative -
increased by $22 million sequentially, as expected. This
increase includes a $3 million write-down of Advanced Systems
inventory, $3.6 million in legal, tax and accounting fees
relating to the voluntary stock option review and a previously
disclosed $8.8 million one-time cash bonus to non-executive
employees enrolled in the company's Employee Stock Purchase
Plan. This bonus was approved by the Board to compensate for
the benefits lost by non-executive employees because Autodesk
did not issue shares through the Employee Stock Purchase Plan
due to the ongoing review.
* Interest and other income increased by $3 million sequentially
to $6 million.
Business Outlook
The following statements are forward-looking statements which are based on
current expectations and which involve risks and uncertainties some of which are
set forth below. As a result of the voluntary stock option review, the company
is not providing EPS guidance at this time.
Fourth Quarter Fiscal 2007
Net revenues for the fourth quarter of fiscal 2007 are expected to be
between $490 million and $500 million. Spending for total costs and expenses in
the fourth quarter is expected to be approximately flat with the third quarter.
Estimates of fourth quarter spending for total costs and expenses include
approximately $5M in legal, tax and accounting fees related to the voluntary
stock option review and do not take into account other charges, if any, likely
to result from the voluntary stock option review.
Full Year Fiscal 2007
For fiscal year 2007, net revenues are expected to be between $1.832 billion
and $1.842 billion.
First Quarter Fiscal 2008
Net revenues for the first quarter of fiscal 2008 are expected to be
approximately flat with the fourth quarter of fiscal 2007. Consistent with
normal seasonal trends, spending for total costs and expenses for the first
quarter of fiscal 2008 is projected to increase approximately $10 million
sequentially. First quarter fiscal 2008 estimates of spending exclude legal,
tax, and accounting fees, if any, or other charges, if any, likely to result
from the voluntary stock option review.
Full Year Fiscal 2008
For fiscal year 2008, net revenues are expected to be between $2.075
billion and $2.125 billion. Operating margins for the year are expected to
increase 3 to 4 percentage points, excluding expenses or other charges, if any,
resulting from the voluntary stock option review. Not taking into account SFAS
123R stock-based compensation expenses, amortization of acquisition related
intangibles of litigation accruals, legal, tax and accounting fees, if any, and
other charges, if any, resulting from the voluntary stock option review
operating margins for fiscal year 2008 are expected to increase 1 to 1.5
percentage points.
Stock Option Review
As previously disclosed the company is conducting a voluntary review of its
historical stock option granting practices and related accounting issues. The
company plans to become current in its periodic reports required under the
Exchange Act of 1934, as amended, following the completion of the independent
review.
As previously disclosed, the Audit Committee has reached a preliminary
conclusion that the actual measurement dates for financial accounting purposes
of certain broad-based employee stock option grants issued in the past differ
from the recorded grant dates of such awards. As a result, the Audit Committee
believes the company will record additional non-cash stock-based compensation
expense related to stock option grants, but it is not yet able to determine the
amount of such charges or the resulting tax and accounting impact of these
actions or whether any historical periods would require restatement. Any
additional non-cash stock-based compensation expense recorded will not affect
the company's previously reported cash positions or revenues.
The Audit Committee's review is ongoing and the conclusions discussed in
this press release are preliminary.
Safe Harbor Statement
This press release contains forward-looking statements that involve risks
and uncertainties, including statements in the paragraphs under "Business
Outlook" above, statements in the paragraphs under "Stock Option Review" above,
statements regarding anticipated market trends and other statements regarding
our expected performance. There can be no assurance that the outcome of the
voluntary stock option review will not result in a restatement of financial
results provided by the company for any historical or future period or other
adverse consequences. Factors relating to the voluntary stock option review
described above that could cause actual results to differ materially from this
forward looking statement made under "Stock Option Review" and elsewhere
include, but are not limited to: the final conclusions of the Audit Committee
and the Board of Directors (and the timing of such conclusions) concerning
matters relating to the company's stock option grants and the impact on the
amount and timing of previously awarded stock- based compensation and other
additional expenses to be recorded, accounting adjustments to the company's
financial statements for certain periods, and the company's ability to timely
file required reports with the SEC and meet the requirements of the NASDAQ
Global Select Market for continued listing of its shares. The stock option grant
practices under review and related matters could also lead to potential claims
and proceedings relating to such matters, including shareholder or employee
litigation and action by the SEC and/or other regulatory agencies, and negative
tax or other implications for the company resulting from any accounting
adjustments or other factors. Other factors that could cause actual results to
differ materially from the forward looking statements under "Business Outlook"
and elsewhere include the following: general market and business conditions,
expenses, resulting from the voluntary stock option review, our performance in
particular geographies, fluctuations in our tax rate, the timing and degree of
expected investments in growth opportunities, slowing momentum in maintenance or
subscription revenues, changes in the timing of product releases and
retirements, fluctuation in foreign currency exchange rates, difficulties
encountered in integrating new or acquired businesses and technologies, failure
to achieve sufficient sell-through in our channels for new or existing products,
failure of key new applications to achieve anticipated levels of customer
acceptance, pricing pressure, failure to achieve continued cost reductions and
productivity increases, failure to achieve continued migration from 2D products
to 3D products, failure to achieve continued success in technology advancements,
the financial and business condition of our reseller and distribution channels,
interruptions or terminations in the business of the company's consultants or
third party developers, failure to grow lifecycle management or collaboration
products, and unanticipated impact of accounting for technology acquisitions.
Further information on potential factors that could affect the financial
results of Autodesk are included in the company's reports on Form 10-K for the
year ended January 31, 2006 and Form 10-Q for the quarter ended April 30, 2006
which are on file with the Securities and Exchange Commission. Autodesk does not
assume any obligation to update the forward-looking statements provided to
reflect events that occur or circumstances that exist after the date on which
they were made.
Earnings Conference Call and Webcast
Autodesk will host its third quarter conference call today at 5:00 p.m. EDT.
The live announcement may be accessed at 800-573-4842 or 617-224-4327 (passcode:
80604240). An audio replay of the call will be available at 7:00 p.m. EDT by
dialing 888-286-8010 or 617-801-6888 (passcode: 13116701). An audio webcast and
podcast will also be available beginning at 7:00 p.m. EDT at
www.autodesk.com/investors. This replay will be maintained on our website for at
least twelve months.
About Autodesk
Autodesk, Inc. is a Fortune 1000 company, wholly focused on ensuring that
great ideas are turned into reality. With seven million users, Autodesk is the
world's leading software and services company for the manufacturing,
infrastructure, building, media and entertainment, and wireless data services
fields. Autodesk's solutions help customers create, manage and share their data
and digital assets more effectively. As a result, customers turn ideas into
competitive advantage, become more productive, streamline project efficiency and
maximize profits.
Founded in 1982, Autodesk is headquartered in San Rafael, California. For
additional information about Autodesk, please visit www.autodesk.com.
NOTE: AutoCAD, Autodesk, Civil 3D, Inventor, Maya, and Revit are registered
trademarks or trademarks of Autodesk, Inc., in the USA and/or other countries.
All other brand names, product names or trademarks belong to their respective
holders.
Investors: Sue Pirri, sue.pirri@autodesk.com, 415-507-6467
John Clancy, john.clancy@autodesk.com, 415-507-6373
Press: Caroline Kawashima, caroline.kawashima@autodesk.com,
415-547-2498
Reconciliation of Operating Margin Increase
On a GAAP Basis to Operating Margin Increase
On a Non-GAAP Basis
Business Outlook - Fiscal Year 2008 Compared to Fiscal Year 2007
Unaudited
Low End High End
of Range of Range
-------- --------
Difference between fiscal 2007 and 2008
GAAP operating margin 3.0% 4.0%
SFAS 123R stock-based compensation expense -0.3% -0.5%
Litigation accrual -0.9% -1.1%
Difference between fiscal 2007 and 2008
non-GAAP operating margin 1.8% 2.4%
Stock option review costs -0.8% -0.9%
Difference between fiscal 2007 and 2008
adjusted non-GAAP operating margin 1.0% 1.5%
Autodesk Factsheet
Fiscal Year 2007 QTR 1 QTR 2 QTR 3 QTR 4 YTD2007
- ---------------------------------------- -------------- -------------- -------------- -------------- --------------
Financial Statistics
(in millions):
Total net revenues $ 436 $ 450 $ 457 $ 1,342
License and
other revenues $ 349 $ 346 $ 346 $ 1,041
Maintenance
revenues $ 87 $ 104 $ 111 $ 301
Gross Margin - GAAP
and non-GAAP(a) 89%
GAAP Operating
Expenses(a) $ 327
GAAP Operating
Margin(a) 14%
GAAP Net Income(a) $ 49
GAAP Diluted
Net Income
Per Share(a) $ 0.20
Non-GAAP Operating
Expenses(1)(2)(a) $ 288
Non-GAAP Operating
Margin(1)(3)(a) 23%
Non-GAAP Net
Income (1)(4)(a) $ 80
Non-GAAP Diluted
Net Income Per
Share (1)(5)(a) $ 0.32
Total Cash and
Marketable
Securities $ 386 $ 468 $ 597 $ 1,451
Days Sales
Outstanding 58 52 51 51
Capital
Expenditures $ 11 $ 7 $ 7 $ 25
Cash from
Operations(a) $ 90
GAAP Depreciation
and Amortization $ 13 $ 14 $ 13 $ 39
Revenue by Geography
(in millions):
Americas $ 170 $ 168 $ 194 $ 531
Europe $ 164 $ 174 $ 160 $ 499
Asia/Pacific $ 101 $ 108 $ 103 $ 312
Revenue by Division
(in millions):
Design Solutions
Segment $ 387 $ 389 $ 390 $ 1,165
Platform Technology
Division and other $ 207 $ 201 $ 197 $ 605
Manufacturing
Solutions Division $ 75 $ 76 $ 85 $ 236
Building Solutions
Division $ 53 $ 57 $ 58 $ 168
Infrastructure
Solutions Division $ 51 $ 55 $ 50 $ 157
Media and Entertainment
Segment $ 47 $ 59 $ 64 $ 170
Other Revenue Statistics:
% of Total Rev from
AutoCAD, AutoCAD
upgrades and
AutoCAD LT 44% 41% 38% 41%
% of Total Rev from
3D design products 20% 20% 22% 21%
% of Total Rev from
Emerging Economies 12% 13% 15% 14%
Upgrade Revenue
(in millions) $ 75 $ 49 $ 51 $ 175
Deferred Maintenance
Revenue (in millions):
Deferred Maintenance
Revenue Balance $ 252 $ 264 $ 275 $ 275
Favorable (Unfavorable)
Impact of U.S. Dollar
Translation Relative
to Foreign Currencies
Compared to Comparable
Prior Year Period
(in millions):
Total Net Revenues $ (19) $ (2) $ 6 $ (15)
Common Stock Statistics:
Shares
Outstanding 231,296,000 230,237,000 230,919,000 230,595,000
Fully Diluted
Shares
Outstanding 244,698,000 243,191,000 242,081,000 243,072,000
Shares
Repurchased 1,700,000 2,498,000 -- 4,198,000
Installed Base
Statistics:
Total AutoCAD-based
Installed Base 3,928,400 3,986,800 4,056,200 4,056,200
Total Inventor
Installed Base 577,700 610,400 643,400 643,400
Total Subscription
Installed Base 989,800 1,085,866 1,162,839 1,162,839
(a) Information pending completion of stock option investigation.
To supplement Autodesk's consolidated financial statements presented on a
GAAP basis, we provide investors with certain non-GAAP measures, including
non-GAAP total costs and expenses (such as non-GAAP cost of license and
other revenues and total cost of revenues, non-GAAP sales and marketing
expense, non-GAAP research and development expense, and non-GAAP general
and administrative expense), non-GAAP income from operations, non-GAAP
provision for income taxes, non-GAAP net income and non-GAAP diluted net
income per share.
For our internal budgeting and resource allocation process, Autodesk's
management uses non-GAAP financial information that does not include: (a)
the stock-based compensation impact of SFAS 123R, (b) certain large and
non-recurring litigation expenses, (c) amortization of purchased
intangibles and purchases of incomplete technology that result in an
inprocess research and development expense, and (d) the net tax impact of
the repatriation of certain foreign earnings. Autodesk's management uses
these non-GAAP financial measures in making operating decisions because we
believe the understanding of how we should invest in research and
development and fund measures provide meaningful supplemental
infrastructure and go-to-market strategies. In addition, these non-GAAP
financial information regarding Autodesk's operational performance and
gives us a better measures facilitate management's internal comparisons to
our historical operating results and comparisons to competitors' operating
results.
As described above, Autodesk excludes the following items from one or more
of its non-GAAP measures:
A. Stock compensation impact of SFAS 123R. These expenses consist of
expenses for employee stock options and employee stock purchases under
SFAS 123(R). Autodesk excludes stock-based compensation expenses from our
non-GAAP measures primarily because they are non-cash expenses and
management finds it useful to exclude certain non-cash charges to assess
the appropriate level of various operating expenses to assist in
budgeting, planning and forecasting future periods. Further, as Autodesk
applies SFAS 123R, we believe that it is useful to investors to
understand the impact of the application of SFAS 123R to our results of
operations.
B. Certain litigation expenses. These expenses relate to the Company's
accrual of $16.8 million related to the $18 million jury award in the z4
Technologies matter, where in the quarter ended April 30, 2006, Autodesk
determined that (1) it is probable that a liability has been incurred and
(2) the amount of loss could be reasonably estimated. Autodesk excludes
this from its non-GAAP measures because it does not consider it to be
reflective of ongoing operating results in the current period.
C. Amortization of purchased intangibles and in-process research and
development expenses. Autodesk incurs amortization of acquisition-related
purchased intangible assets and charges related to in-process research
and development, primarily in connection with its acquisition of certain
businesses, such as Alias in January 2006. The amortization of purchased
intangibles from a business combination is generally a non-cash expense
and management finds it useful to exclude certain non-cash charges to
assess the appropriate level of various operating expenses to assist in
budgeting, planning and forecasting future periods.
D. Tax impact of the repatriation of certain foreign earnings. In fiscal
2006 and 2005, Autodesk repatriated foreign earnings under the American
Jobs Creation Act of 2004. Future repatriations are not expected to
reoccur. Autodesk excludes this item because the repatriation transaction
is not reflective of ongoing operating results and has no direct
correlation to the operation of Autodesk's business.
Autodesk believes that where the adjustments used in calculating non-GAAP
net income and non-GAAP net income per share are based on specific, identified
amounts that impact different line items in the Condensed Consolidated
Statements of Income (including cost of license and other revenues and total
cost of revenues, gross margin, operating expenses, including sales and
marketing, research and development, and general and administrative expenses,
income from operations, provision for income taxes, net income, and diluted net
income per share) that it is useful to investors to understand how these
specific line items in the Condensed Consolidated Statements of Income are
affected by these adjustments for the following reasons:
1. Cost of license and other revenues, total cost of revenues, and gross
margin. Excluding stock-based compensation expense related to employee
stock options and employee stock purchases from cost of license revenues
and gross margin calculations assists investors in evaluating
period-over-period changes without giving effect to these charges which
are non-cash in nature. Excluding the impact from the amortization of
purchased intangibles assists investors in evaluating period-over- period
changes without giving effect to these charges which are a function of
prior period acquisition transactions rather than the underlying
operating activities of the period presented.
2. Operating expenses (including sales and marketing, research and
development, and general and administrative expenses). Excluding
stock-based compensation expense related to employee stock options and
employee stock purchases assists investors in evaluating period-over-
period changes in each line item of operating expenses without giving
effect to these charges which are non-cash in nature. Excluding the
impact of (a) the amortization of purchased intangibles and inprocess
research and development expenses and (b) certain litigation expenses
assists investors in evaluating period-over-period changes to the
affected line items in the Condensed Consolidated Statement of Income
without giving effect to these charges which are a function of
acquisition transactions or large and infrequent litigation costs rather
than the underlying operating activities of the period presented.
3. Income from operations. Excluding stock-based compensation expense
related to employee stock options and employee stock purchases from the
calculation of income from operations assists investors in evaluating
period-over-period changes without giving effect to these charges which
are non-cash in nature. Excluding the impact from (a) the amortization of
purchased intangibles and in-process research and development expenses
and (b) certain litigation expenses assists investors in evaluating
period-over-period changes without giving effect to these charges which
are a function of acquisition transactions or large and infrequent
litigation costs rather than the underlying operating activities of the
period presented.
4. Provision for income taxes. Excluding the income tax effect of the
non-GAAP pre-tax adjustments from the provision for income taxes assists
investors in understanding the tax provision associated with those
adjustments and the effective tax rate of Autodesk related to its ongoing
operations in the period presented. Excluding the net tax impact of the
repatriation of foreign earnings assists investors in comparing periods
in which repatriation does not occur and in understanding the effective
tax rate of Autodesk related to its ongoing operations in the period
presented.
5. Net Income, Net of Tax Effect of Non-GAAP Adjustments. Excluding
stock-based compensation expense related to employee stock options and
employee stock purchases from the calculation of net income assists
investors in evaluating period-over-period changes without giving effect
to these charges which are non-cash in nature. Excluding stock-based
compensation expense related to employee stock options and employee stock
purchases from the calculation of net income assists investors in
evaluating period-over-period changes without giving effect to these
charges which are non-cash in nature. Excluding the impact from (a) the
amortization of purchased intangibles and in-process research and
development expenses and (b) certain litigation expenses assists
investors in evaluating period-over-period changes without giving effect
to these charges which are a function of acquisition transactions or
large and infrequent litigation costs rather than the underlying
operating activities of the period presented. Excluding the income tax
effect of the non-GAAP pre-tax adjustments from the provision for income
taxes assists investors in understanding the tax provision associated
with those adjustments and the effective tax rate of Autodesk related to
its ongoing operations in the period presented. Excluding the net tax
impact of the repatriation of foreign earnings assists investors in
comparing periods in which repatriation does not occur and in
understanding the effective tax rate of Autodesk related to its ongoing
operations in the period presented.
There are limitations in using non-GAAP financial measures because the
non-GAAP financial measures are not prepared in accordance with generally
accepted accounting principles and may be different from non-GAAP financial
measures used by other companies. In addition, the non-GAAP financial measures
are limited in value because they exclude certain items that may have a material
impact upon our reported financial results. Management compensates for these
limitations by analyzing current and future results on a GAAP basis as well as a
non-GAAP basis and also by providing GAAP total costs and expenses, GAAP
operating income, GAAP provision for income taxes, GAAP net income and GAAP
diluted net income per share in our earnings release. The presentation of
non-GAAP financial information is not meant to be considered in isolation or as
a substitute for the directly comparable financial measures prepared in
accordance with generally accepted accounting principles in the United States.
The non-GAAP financial measures are meant to supplement, and be viewed in
conjunction with, GAAP financial measures. Investors should review the
reconciliation of the non-GAAP financial measures to their most directly
comparable GAAP financial measures as provided in the tables accompanying our
press release.
QTR 1
-------
(2) GAAP Operating Expenses (a) $ 327
Litigation accrual (a) (17)
SFAS 123R stock-based compensation expense (a) (21)
Amortization of customer relationships and trademarks (a) (2)
Non-GAAP Operating Expenses (a) $ 288
(3) GAAP Operating Margin(a) 14%
Litigation accrual (a) 4%
SFAS 123R stock-based compensation expense (a) 5%
Amortization of developed technology (a) 0%
Amortization of customer relationships and trademarks (a) 0%
Non-GAAP Operating Margin (a) 23%
(4) GAAP Net Income (a) $ 49
Litigation accrual (a) 17
SFAS 123R stock-based compensation expense (a) 22
Amortization of developed technology (a) 2
Amortization of customer relationships and trademarks (a) 2
Income tax effect on difference between GAAP and non-GAAP
total costs and expenses at the normalized rate (a) (10)
Non-GAAP Net Income (a) $ 80
(5) GAAP Diluted Net Income Per Share (a) $ 0.20
Litigation accrual (a) 0.07
SFAS 123R stock-based compensation expense (a) 0.09
Amortization of developed technology (a) --
Amortization of customer relationships and trademarks (a) --
Income tax effect on difference between GAAP and non-GAAP
total costs and expenses at the normalized rate (a) (0.04)
Non-GAAP Diluted Net Income Per Share (a) $ 0.32
SOURCE Autodesk, Inc.
-0- 11/16/2006
/CONTACT: Investors: Sue Pirri, +1-415-507-6467, or sue.pirri@autodesk.com,
or John Clancy, +1-415-507-6373, or john.clancy@autodesk.com, or,
Press: Caroline Kawashima, +1-415-547-2498, or caroline.kawashima@autodesk.com,
all of Autodesk, Inc./
/First Call Analyst: /
/FCMN Contact: /
/Web site: http://www.autodesk.com /