Rotterdam 22 mei 2002- Autodesk maakt de cijfers bekend over het eerste kwartaal dat liep van 1 februari 2002 tot en met 30 april. De omzet over dit kwartaal bedraagt 229 miljoen dollar, tegenover 246 miljoen in het eerste kwartaal van het vorige jaar.
Het nettoresultaat voor deze periode bedroeg 18 miljoen dollar, tegenover 28 miljoen dollar in dezelfde periode van het voorafgaande jaar. Op een pro forma basis is dit nettoresultaat 19 miljoen dollar, tegenover 32 miljoen dollar in het eerste kwartaal van het vorige fiscaal jaar.
Voor het volgende kwartaal verwacht Autodesk een netto-omzet tussen 210 en 220 miljoen dollar. Dit zou de totale netto-omzet voor het fiscale jaar 2003 brengen op 950 à 1 miljard dollar.
Hoewel de resultaten voor het eerste kwartaal onder invloed van de macro-economische omstandigheden teleurstellend zijn, blijven de resultaten positief in vergelijking met die van de concurrenten.
Het uitgebreide Engelstalige persbericht is in bijlage te vinden en is ook te vinden op www.autodesk.com/investors.
Ook de Autodesk Q1 Autodesk Earnings Conference Call gehouden op 16 mei is nog te beluisteren via www.autodesk.com/investors.
Opmerking voor de redactie
Neem voor meer informatie contact op met:
Autodesk Benelux
Swetlana Westermeijer
Tel : 0031/10 288 50 32
GSM: 0031/6 22 695 697
e-mail: swetlana.westermeijer@autodesk.com
Potters PR
Monique Potters
Tel.: 0345 501595
GSM 06 28 88 96 32
Monique@potterspr.nl
Autodesk Reports First Quarter Results Print
San Rafael, California, May 16, 2002—Autodesk, Inc. (Nasdaq: ADSK), the world’s leading design software and digital content company, today announced financial results for its first quarter ended April 30, 2002. For the first quarter of fiscal year 2003, Autodesk reported net revenues of $229 million, compared to $246 million in the first quarter of fiscal year 2002. This revenue number is in line with the Company’s May 6 pre-announced guidance range of $227 million to $229 million for the first quarter.
On a pro forma basis, as defined below, first quarter net income was $19 million or $0.16 per diluted share compared to $32 million or $0.28 per diluted share for the same quarter a year ago. These per share amounts have been adjusted for the recent stock split.
First quarter net income was $18 million or $0.15 per diluted share compared to net income for the same quarter a year ago of $28 million or $0.25 per diluted share.
"We are disappointed with the top and bottom line financial performance this quarter. Despite the fundamental strength we saw in most areas, macroeconomic pressure continued to affect customer buying, and Japan and Discreet both missed their numbers significantly," said Carol Bartz, Autodesk chairman and CEO. "However, milestones delivered across our business units reinforced our strategic direction. We had another good performance against competitors. Our channel partners and field sales team have done an outstanding job persevering through conservative customer buying due to macroeconomic pressure."
First Quarter Highlights
Manufacturing momentum continues with customers adopting Autodesk’s 3D modeling solution. 3D commercial seats added were more than 16,000 for the quarter – far exceeding the seats sold by any other 3D modeler on the market.
Fueled by the flagship product, Autodesk Architectural Desktop, net revenues for the Building Industry Division grew 23% from one year ago to $22 million. A key milestone in the quarter was the early closure of the Revit acquisition on April 1.
With a focus on homeland security and public works, the Geographic Information Systems Division delivered strong year over year growth of 27% and net revenues of $27 million.
Autodesk’s major account business continues to gain traction. Major account revenues for the Americas region grew by more than 30% year over year.
Launched last fall, the new subscription program is building revenues with growth in the Americas region of more than 11% versus last quarter.
Buzzsaw, Autodesk’s collaboration service for the building industry had a great quarter. For the quarter, the customer base increased by 10 percent including adding more than 10,000 new users.
Business Outlook
The following statements are based on current expectations. These statements are forward-looking and actual results may differ materially.
Revenue outlook:
Net revenues for the second quarter of fiscal year 2003 are expected to range between $210 million and $220 million. This brings the company’s net revenue expectations for the fiscal year 2003 to a range between $950 million and $1 billion.
These revenue expectations are subject to a number of risks, including further slowing in the worldwide economies, especially in Europe and Japan, further slowing in the manufacturing and entertainment sectors, failure to achieve further customer acceptance of the AutoCAD 2002 family of products and subscriptions, failure to grow collaboration services businesses, failure to grow new or emerging businesses in location-based services and Revit, competitive pressure and fluctuations in foreign currency.
Earnings per share outlook:
Earnings per diluted share on a pro forma basis, excluding restructuring and other charges as well as amortization of purchased intangibles, is expected to range between $0.08 and $0.13 per diluted share for the second quarter of fiscal year 2003. This brings pro forma earnings expectations for fiscal year 2003 to range between $0.90 and $1.10 per diluted share.
Pro forma earnings per diluted share may vary due to our inability to maintain or grow overall revenue, our inability to further reduce operating costs, inability to successfully integrate new or acquired businesses like Revit, and fluctuations in interest rates and share count.
The statements above contained in the business outlook are forward-looking statements that involve risks and uncertainties. In addition to factors discussed above, other factors that could cause actual results to differ materially include the following: general market and business conditions, pricing pressure, failure to achieve continued success in technology advancements, delays in release of new products and services, failure to successfully integrate new or acquired businesses, changes in customer ordering patterns, failure to grow collaboration or location-based services. Further information on potential factors that could affect the financial results of Autodesk are included in the company’s Report on Form 10-K for the year ended January 31, 2002, which is on file with the Securities and Exchange Commission.
Autodesk will host a toll free conference call at 800-369-1720 and an audio webcast on the first quarter results beginning at 5:00 p.m. Eastern Time at www.Autodesk.com/investor. An audio webcast replay will be available until June 1, 2002.
A summary of Autodesk’s financial results is as follows:
Three months ended April 30 2002 2001
Net revenues $229,327,000 $245,740,000
Net income (1)(2) $17,641,000 $27,900,000
Pro forma net income (3) $18,915,000 $31,567,000
Diluted net income per share (1)(2) $0.15 $0.25
Pro forma diluted net income per share (3) $0.16 $0.28
(1) Net income for the quarter ended April 30, 2002, includes restructuring charges of $1.5 million or $0.01 per diluted share.
(2) On February 1, 2002 Autodesk adopted new accounting rules which resulted in the discontinuation of goodwill amortization. Net income for the quarter ended April 30, 2001 includes $5.0 million or $0.04 per diluted share of goodwill amortization.
(3) Pro forma results for the quarter ended April 30, 2002, exclude amortization of purchased intangibles of $0.2 million or nil per diluted share, and restructuring charges of $1.5 million or $0.01 per diluted share. Pro forma results for the quarter ended April 30, 2001 exclude amortization of goodwill and purchased intangibles of $5.3 million or $0.05 per diluted share.
About Autodesk
Founded in 1982, Autodesk, Inc., is the world’s leading design and digital content company. The company serves a diverse portfolio of markets, including building design, geographic information systems, manufacturing, digital media, and wireless data services. By delivering tools that foster innovation and creativity, Autodesk helps customers throughout the value chain leverage digital design data to work better, faster, and smarter. For more information about the company see www.autodesk.com.