The San Rafael, Calif., software maker said revenue for the quarter ending in October will range from $604 million to $607 million, compared to $538.4 million for the same quarter of last year.
Analysts were expecting $623.8 million, according to Thomson Reuters.
The company expects to earn 53 cents to 55 cents a share, excluding charges. Analysts were expecting 55 cents.
The developer of computer-aided engineering software will announce full results on Nov. 20.
"The sharp downturn of the global economy is substantially impacting our business," CEO Carl Bass said in a statement. "Demand for our products fell dramatically in October in all geographies as the financial crisis worsened." Customers were unable to obtain credit, delaying projects.
While a currency hedge yielded a net benefit, the strengthening dollar and low level of backlog at the end of the quarter will create a headwind for the next few quarters, Bass said.
Autodesk has begun to reduce expenses, "which we believe will position the company to emerge from this downturn in a stronger financial and competitive position," Bass said.
Engineering software firm
topped estimates for its most recent quarter, which ended in September.
Shares of Autodesk rose 63 cents, or 2.8%, in recent trading to $23.51, as the broader market rallied strongly.