Autodesk Reports Quarterly and Fiscal Year Results.

SAN RAFAEL, Calif.--(BUSINESS WIRE)--Feb. 26, 1997--Autodesk, Inc. today reported net revenues for the fourth quarter ended January 31, 1997 of $115.0 million compared to $126.3 million for the same quarter in the previous fiscal year.

Net income for the fourth quarter was $6.0 million, or $.13 per share compared to $16.3 million, or $0.34 per share posted in the same period of the prior fiscal year.

"We are pleased to report results that are in line with our expectations for the quarter -- especially in light of a negative foreign currency impact of more than $2.7 million," said Carol Bartz, CEO of Autodesk.

Net revenues for the fiscal year ended January 31, 1997 were $496.7 million compared to $534.2 million for the previous fiscal year. Net income for fiscal 1997 was $41.6 million, or $0.88 per share compared to $87.8 million, or $1.76 per share in fiscal year 1996.

The company continues to move forward with its integration plans with Softdesk. This transaction will be accounted for using the purchase accounting method rather than the pooling of interests method. The merger is also subject to approval from Softdesk's shareholders, expected late in March, and the appropriate government agencies. -0-

A summary of Autodesk's financial results is as follows:


 Three months ended January 31       1997                   1996

 Net revenues                     $115,020,000           $126,286,000
 Net income                       $  5,993,000           $ 16,305,000
 Net income per share                    $0.13                  $0.34


Fiscal year ended January 31         1997                   1996

Net revenues                      $496,693,000           $534,167,000
Net income                        $ 41,571,000           $ 87,788,000
Net income per share                     $0.88                  $1.76

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Autodesk is the world's leading supplier of PC design software and PC multimedia tools. The Company's 2D and 3D products, geographic information systems, and data management tools are used in many industries for mapping, architectural design, mechanical design, film and video production, video/game development and Web content development. Its Kinetix(TM) division is the leader in PC-based 3D modeling and animation software, providing a full range of products for digital media and design professionals.

The fourth-largest PC software company in the world, Autodesk has three million customers in over 140 countries. Autodesk products are sold through Autodesk Systems Centers, Dealers and Distributors worldwide. For more information on Autodesk, please call 415/507-5000, type GO ADESK on CompuServe(R), or visit its World Wide Web site at http://www.autodesk.com . Kinetix can be reached by calling 800/879-4233 or through its World Wide Web site at http://www.ktx.com. Autodesk shares are traded on the Nasdaq National Market under the symbol ADSK. -0-

Note to Editors: Autodesk, the Autodesk logo and AutoCAD are registered trademarks of Autodesk, Inc. CompuServe is a registered trademark of H&R Block. All other brand names, product names or trademarks belong to their respective holders.

CONTACT: Autodesk, Inc.

Christine Tsingos, 415/507-6704