#Second Quarter Earnings
6 messages in this thread
This information was released August 19, 1993 at 1:16 pm PDT.
For Release 1:16 PDT
Contact: Christine Tsingos
415-332-2344, Ext. 4819
AUTODESK REPORTS 21 PERCENT INCREASE
IN SECOND QUARTER REVENUES
Company Posts Strong Quarter
Sausalito, Calif. — August 19, 1993 — Autodesk, Inc. today
reported that net revenues for the quarter ended July 31, 1993 grew
to $103.6 million compared to $85.5 million for the same quarter in
the prior fiscal year, an increase of 21 percent. Net income for the
second quarter increased to $16.5 million, compared with $10.6
million for the same period in the prior fiscal year. Earnings per
share increased to $.65 per share compared to $.43 per share during
the same period in the prior fiscal year, an increase of 51 percent.
The Company's increase in second quarter net revenues was
primarily attributable to continued strong worldwide growth in new
sales of AutoCAD, particularly in the Asia/Pacific and Americas
regions. Specifically, revenues in Korea and Taiwan increased nearly
300 percent over revenues in the same quarter of the prior fiscal
year, while Latin America grew approximately 200 percent over the
prior fiscal year.
"We are pleased with the solid revenue and unit growth we posted
this quarter despite uncertain worldwide macroeconomic conditions,"
said Carol Bartz, CEO of Autodesk, adding "Both Latin America and
Asia/Pacific had particularly strong showings as a result of the
investments in infrastructure we made in these regions."
Autodesk's ongoing investments in worldwide infrastructure include
an expansion and strengthening of the Company's reseller channel,
more rapid delivery of localized products and increased local market
presence.
Autodesk's customer base totals more than two million users who
are supported either directly by the Company or through a network of
authorized dealers. Independent application developers supply nearly
4,000 products to customize AutoCAD to a variety of disciplines,
ranging from civil engineering to facilities management.
A summary of Autodesk's operating results is as follows:
Three months ended July 31 1993 1992
Net revenues $103,613,000 $85,479,000
Net income $ 16,471,000 $10,558,000
Net income per share $.65 $.43
Six months ended July 31 1993 1992
Net revenues $205,278,000 $160,839,000
Net income $ 31,913,000 $ 19,871,000
Net income per share $1.27 $.82
Autodesk is the world's leading supplier of desktop computer-aided
design automation software. Autodesk develops, markets and supports
a family of computer-aided design automation software products, as
well as scientific and multimedia software products for use on
personal computers and workstations. Autodesk shares are traded on
NASDAQ under the symbol ACAD. For more information on Autodesk,
please call 415-332-2344 or type GO ADESK on CompuServe(R).
– 30 –
Autodesk, the Autodesk logo and AutoCAD are registered trademarks of
Autodesk, Inc. ACAD is a trademark of Autodesk, Inc. All other
brand and product names mentioned are the service marks, trademarks
or registered trademarks of their respective owners.
>>Autodesk's customer base totals more than two million users who are
supported either directly by the Company or through a network of authorized
dealers.<<
The above probably represents only a minute number on satisfied
customers. Mr. Moreno, I really do take offense at your putting
such a statement on this forum and leaving this forum, and the staff
of the YOST group out of the picture. Have you (Autodesk) ever
surveyed this forum and the number of support questions answered by
volunteers vs. the number of questions that have been handled by the
Autodesk tech support group? Also, how many customers have been
rudely turned away from presenting their support type questions to
Autodesk vs. any that have been given the same treatment on this
forum? Maybe you could suggest Autodesk distribute some of its
earnings to the many volunteers on this forum that do Autodesk's tech
support. After all, we not only have contributed to the wealth of
Autodesk by buying its costly software but also continue to
contribute to reducing overhead at Autodesk by allowing it to operate
without large support staff for the relative size of the company and
relative complexity of the software. We also, to my knowledge, all
have to pay out of our own pockets the cost of providing this tech
support on behalf of Autodesk and its many unsupported customers as
evidenced by the respondents on the forum.
As a suggestion, maybe the least in thanks Autodesk (Ms. Carol Bartz)
could do would be to provide this forum for "free" access by those
offering tech support to Autodesk customers.
Although my response was triggered by the offensive omission above I
do wish the response to be of a constructive criticism nature and my
suggestion taken very seriously.
Don,
At least your consistent!
Murph'<g>
You must be refering to my earlier comments about this forum and
Autodesk's tech support policy. That recognition statement leaving
out this forum really rubbed me backwards.
BTW how ya doing with the Magni? I sold my old Magni to a local video
post house and they're doing TV commercials with it now. Just still
graphics but I'm going to be showing them color cycling animation
soon. It will be a step up from their Laird 1500 that they normally
use for titling but not quite as good resolution as the 1500.
Don! I've left a message with Greg Sorenson who was the person that
promised to solve this for me at Magni. He was going to send me a
card and feature connector that was supposed to replace the Video
card I removed from the Rendition II card so I could use the
Brooktree chip set up with the magni. That was 3 weeks ago…he went
on a 2 week vacation and when I called Magni this last monday the
16th the girl answering the phone told me he was swamped. I left a
message with her to give him telling them if we couldn't get this to
work I wanted to return the $300.00 worth of parts I've so far
purchased from Magni on the advice of their tech. support people.
I've still not heard anything from Magni. If you have any influence
at Magni perhaps you could tell me who to talk to about either
getting this old VGA Producer to work or returning the $300. worth of
stuff I was sold by their tech. support for a full refund. I don't
mind getting a NEW card if that's the real answer here… I was just
lead to beleive that we could get the old one to work with what I
had. Magni has been real pleasant about all this and they seem like
real nice people. I just have to resolve this as I've invested an
additional $300 in their technology this far and feel it's about as
far as I'm willing to go without any results. If you could be of any
assistance Don I sure would appreciate it. BTW please send me a
Targa file of Don Landis being rubbed backwards my imagination is
conjuring up some pretty funny images.<g> Oh Waiter….. "Reality
Check Please!" <BG> Thanks Don, James M. Murphy
Don – This press release was posted on ACAD, ASOFT, and ARETAIL forums and the
statement you quote is perhaps not as detailed as it would have been if it had
been directed strictly to the multimedia products install base. I'm sorry it
rubbed you the wrong way.