24 Aug 2004
Autodesk's Second Quarter 2004 Earnings
Net revenues were up 32% over a year ago, to US$280 million. The next
quarter, however, is predicted to be flat: this is good news, because Q3
apparently is historically down. Subscription revenue is now 16%; the aim is
to reach 25%.
The company has $572 million in the bank and no debt; it bought back 1.7
million shares. Perhaps not good news for employees is that the company is
increasing the number of R&D (research and development) positions off-shore.
For the year 2005, expect to see improvements to 3D across all divisions, as
well as enhancements to PLM (product lifecycle management). The next version
of AutoCAD (2006?) is scheduled to ship in March; perhaps it too will have
enhancements to its 3D.
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