Autodesk second-quarter earnings rise, revenue up 13%

SAN RAFAEL -- Autodesk (Nasdaq: ADSK), a San Rafael-based company that makes software for 3-D modeling and design by architects, engineers, builders, manufacturers, media and entertainment workers, after the stock market closed Thursday reported earnings of 35 cents per share for the fiscal quarter ending in July.

Revenue for the quarter hit $637 million, up more than 13 percent over a year before.

[caption id="attachment_96579" align="alignright" width="300"] Carl Bass, President & CEO, Autodesk[/caption]

The earnings came in above most analysts’ expectations, which were about 17 cents per share. Last year, for the same quarter, Autodesk hit earnings of 35 cents per share. Autodesk stock closed at $56.65 on Thursday, up 86 cents. The company has market capitalization of nearly $13 billion.

Over the past year, Autodesk stock price has climbed from $35 a share to more than $56. In 2009, the stock price dipped as low as $12.

Autodesk, founded in 1982 by John Walker in Mill Valley, has Carl Bass as its CEO and president. The company, with about 1,000 employees in the North Bay, nearly 800 in San Francisco and more than 7,400 worldwide, has pushed rapidly into 3-D printing technology, and creates software that runs many 3-D printers. Such “additive” printers can be used to manufacture products made of plastic, wood, metal and other substances.

Later this year, Autodesk plans to start selling its own 3-D printer, to be named Spark. Aimed at industrial users, the printer is expected to cost about $5,000, and to be capable of printing with various materials.

The company recently launched a program in Australia and New Zealand to offer students in schools and universities free access to Autodesk’s design and other software. Secondary school teachers are also encouraged to use Autodesk software in a program called Design the Future.


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