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More on Autodesk's FQ2: The CAD software leader blames "execution challenges" and macro issues...

  • Thursday, August 23, 2012, 4:59 PM ET
    More on Autodesk's FQ2: The CAD software leader blames "execution challenges" and macro issues for the soft results. In response, the company is undergoing a restructuring that includes job cuts and $50M-$60M worth of charges. Autodesk expects FQ3 revenue of $550M-$570M and EPS of $0.40-$0.45, below a consensus of $601.2M and $0.50. It also expects 4%-6% FY13 revenue growth, below a 9.7% consensus. Deferred revenue +3% Q/Q to $752M. ADSK -22.4% AH. (PR) (CC webcast) (prepared remarks - PDF)
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This news story has 3 comments:

  •  
    22% seems a little harsh don't you think?? Must not be any short interest like all the other stocks going up
    23 Aug 2012, 05:03 PM Reply Like
  •  
    Buy Cadence? They've had their own problems. The question is whether in-house design SW is becoming a competitor to off-the-shelf commercial solns.
    23 Aug 2012, 07:58 PM Reply Like
  •  
    Looks like more and more equities are biting the dust now. How much longer can the big multi-nationals, utilities, REITS, and MLP's continue to hold up the indices?
    23 Aug 2012, 08:43 PM Reply Like
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