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Autodesk Hosts Annual Investor Day

Stocks in this article: ADSK

Autodesk Gallery — Today, Autodesk, Inc. (NASDAQ: ADSK) is hosting members of the investment community at its annual Investor Day. Held in the Autodesk Gallery in San Francisco, the design and engineering software leader will share plans for expanding its market opportunity and transitioning to a more ratable and recurring business model. Autodesk also reiterated its revenue and non-GAAP EPS third quarter fiscal 2014 business outlook, updated the third quarter GAAP EPS business outlook, and provided initial business outlook for its fourth quarter of fiscal 2014. In addition, Autodesk announced that it had signed a definitive agreement with the shareholders of Graitec to acquire technology and expertise for structural fabrication and detailing including Graitec’s Advance Steel and Advance Concrete product lines (see related announcement).

“We are transforming our business to better serve the growing number of people that rely on Autodesk tools every day and position the company for its next stage of growth,” said  Carl Bass, Autodesk president and CEO. “We believe our ability to capitalize on the technology and market dynamics affecting our business will expand the number of designers, engineers, builders and creators using our desktop, mobile and cloud-based software.”

At today’s event, Bass will join  Mark Hawkins, Autodesk executive vice president and CFO, and other members of the Autodesk leadership team to discuss the demands and opportunities of the current market, business model transition, financial metrics, and the company’s corporate strategy.

Business Outlook

The following statements are forward-looking statements that are based on current expectations and assumptions, and involve risks and uncertainties some of which are set forth below. Autodesk’s business outlook for the third and fourth quarter of fiscal 2014 assumes, among other things, a continuation of the current economic environment and foreign exchange currency rate environment, and interest expense related to Autodesk's $750 million debt offering in December 2012.

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