Autodesk Reports Record Revenue Results

Further information on potential factors that could affect the financial results of Autodesk are included in Autodesk's Annual Report on Form 10-K for the year ended January 31, 2014 and Form 10-Q for the quarter ended April 30, 2014, which are on file with the U.S. 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.

About Autodesk

Autodesk helps people imagine, design and create a better world. Everyone--from design professionals, engineers and architects to digital artists, students and hobbyists--uses Autodesk software to unlock their creativity and solve important challenges. For more information visit autodesk.com or follow @autodesk.

Autodesk is a registered trademark of Autodesk, Inc., and/or its subsidiaries and/or affiliates in the USA and/or other countries. All other brand names, product names or trademarks belong to their respective holders. Autodesk reserves the right to alter product and services offerings, and specifications and pricing at any time without notice, and is not responsible for typographical or graphical errors that may appear in this document.

© 2014 Autodesk, Inc. All rights reserved.

 
 
Autodesk, Inc.
Condensed Consolidated Statements of Operations
(In millions, except per share data)
       
Three Months Ended July 31 Six Months Ended July 31
2014 2013 2014 2013
(Unaudited)
Net revenue:
License and other $ 350.4 $ 313.2 $ 666.6 $ 636.7
Subscription 286.7   248.5   563.0   495.4  
Total net revenue 637.1   561.7   1,229.6   1,132.1  
Cost of revenue:
Cost of license and other revenue 53.4 42.8 102.7 87.2
Cost of subscription revenue 34.5   25.0   63.9   48.1  
Total cost of revenue 87.9   67.8   166.6   135.3  
Gross profit 549.2 493.9 1,063.0 996.8
Operating expenses:
Marketing and sales 237.6 198.1 463.0 406.9
Research and development 179.3 148.9 349.8 299.7
General and administrative (1) 71.5 52.3 134.0 103.0
Amortization of purchased intangibles (1) 10.1 9.3 21.0 20.1
Restructuring charges, net 0.8   1.7   3.1   2.1  
Total operating expenses 499.3   410.3   970.9   831.8  
Income from operations 49.9 83.6 92.1 165.0
Interest and other (expense) income, net (7.0 ) (1.8 ) (13.6 ) (10.6 )
Income before income taxes 42.9 81.8 78.5 154.4
Provision for income taxes (11.6 ) (20.1 ) (18.9 ) (37.1 )
Net income $ 31.3   $ 61.7   $ 59.6   $ 117.3  
Basic net income per share $ 0.14   $ 0.28   $ 0.26   $ 0.52  
Diluted net income per share $ 0.13   $ 0.27   $ 0.26   $ 0.51  
Weighted average shares used in computing basic net income per share 227.3   223.1   227.1   223.6  
Weighted average shares used in computing diluted net income per share 232.4   228.3   232.4   229.3  

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