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by Beth Stackpole, Contributing Editor
Posted on Friday, May 19, 2006 4:00:00 PM Sign Up to receive Daily News Alerts in your E-mail Inbox    Autodesk Inc. rang in another strong quarter, with sales of 3D products, new seats, and subscriptions continuing to be the bright spots that company executives say position the software maker for continued growth. For its first fiscal quarter in 2007, ended April 30, Autodesk (San Rafael, CA) beat its own and analysts' estimates, reporting record sales of $436 million, a 23% increase from the $355 million registered in the like period last year, which equated to a 28% spike on a constant currency basis. Net income for the quarter, however, decreased to $49 million, or 20 cents per diluted share on a GAAP (Generally Accepted Accounting Principles) basis. This compares to net income of $76 million, or 31 cents per diluted share on a GAAP basis, in the corresponding period last year. Autodesk executives attributed the profit decline to litigation expenses, stock-based compensation expenses, and amortization of purchased intangibles. [Click to continue] |
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