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

|By:, SA News Editor

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)