North Bay Business Journal

Thursday, May 19, 2011, 1:28 pm

Autodesk first-quarter revenues up 11 percent


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    SAN RAFAEL — Autodesk, Inc. (Nasdaq: ADSK) today reported fiscal first-quarter revenues of $528 million, an 11 percent increase in revenues from a year before.

    “Strong demand for manufacturing, horizontal design products, suites, and animation products, led to solid growth in the quarter,” said Carl Bass, Autodesk president and chief executive officer.  “We launched our 2012 product line this quarter, including the new family of design and creation suites, and are pleased with the initial feedback we’re hearing from our partners and customers.  The first quarter was a solid start to our fiscal 2012 and we look to build on our momentum through the year.”

    Net revenue for the second quarter of fiscal 2012 is expected to be in the range of $530 million and $545 million.

    Autodesk makes design software for the manufacturing, architecture, building, construction and media and entertainment industries.  The company employs about 1,200 at its San Rafael headquarters.

    The company’s stock price at the close of regular trading Thursday was $44.39 per share, up 11 cents a share or a quarter percentage point from Wedneday. The 52-week range for the share price was $23.64 to $46.15.

    At 1:30 p.m. Pacific Time in after-hours trading, the stock price was $45.00, up 61 cents or 1.4 percent.

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