For Autodesk, the good news is that the company continues to do well in the Americas, as evidenced by the 4% increase in revenue, which arrived at $209 million. However, this was offset by poor performances overseas in areas such as Asia-Pacific.
The company continues to struggle in emerging markets, which represent 15% of total revenue. Autodesk has seen sales eroded by 9% to just $80 million. Unfortunately, management does not appear confident that things are going to get any better.
In discussing the company's struggles to overcome macro concerns, management became extremely conservative with guidance. The company is now expecting fourth-quarter revenue in a range of $570 million to $600 million, with EPS between 43 cents to 51 cents. That's less than consensus estimates for revenue of $604 million and EPS of 54 cents.