CompuServe Thread

#Second Quarter Earnings

6 messages in this thread
#54112From: Christal Moreno [ADESK]Aug 20, 1993 11:05 AM
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.
#54178From: Don LandisAug 20, 1993 10:35 PM
>>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.
#54222From: James M. MurphyAug 21, 1993 10:32 AM
Don, At least your consistent! Murph'<g>
#54296From: Don LandisAug 22, 1993 11:37 AM
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.
#54313From: James M. MurphyAug 22, 1993 3:12 PM
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
#54492From: Christal Moreno [ADESK]Aug 23, 1993 6:14 PM
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.