Autodesk meets objectives with Q1 results.SAN RAFAEL San Rafael (săn rəfĕl`), residential city (1990 pop. 48,404), seat of Marin co., W Calif., a suburb of San Francisco on the northern shore of San Francisco Bay; inc. 1913. , Calif.--(BUSINESS WIRE)--May 16, 1997--Autodesk Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Carol Bartz said today that the Company achieved its objectives this quarter and met Wall Street analysts' expectations. The Company reported net revenues of $119 million and a net loss of $53 million that resulted from a one-time charge of $58 million for acquisition costs, including the acquisition of a leading Architecture/Engineering/Construction software developer, Softdesk, Inc. Excluding acquisition-related costs, net income per share would have been $.10. "Our business is strong even as we enter a new product cycle with our flagship AutoCAD software," Bartz noted. "Customers are seeing the benefits in the products we've introduced during the last several months and these products are being well-received. The Company has never been better positioned for growth." Autodesk began introducing products specifically targeted at vertical segments of the design software industry two years ago. The company is now a leading supplier in the PC mechanical design market - its biggest market potential. Only nine months after introducing its Mechanical Desktop software, the product became the best-selling best·sell·er also best seller n. A product, such as a book, that is among those sold in the largest numbers. best 3D mechanical design software on the PC; more than one-half million mechanical engineers also use AutoCAD software for their work. Autodesk's mechanical products provide customers with both 2D and 3D functionality with an easy-to-use interface and editing capabilities. GIS, Geographic Information Systems geographic information system (GIS) Computerized system that relates and displays data collected from a geographic entity in the form of a map. The ability of GIS to overlay existing data with new information and display it in colour on a computer screen is used primarily to , is another key focus for Autodesk. The company has introduced a full range of GIS solutions that help customers integrate data and create, visualize and manage their world of data. AutoCAD Map, Autodesk MapGuide, and Autodesk World are high-quality, desktop tools that are easier to learn and use than traditional GIS products. Traditionally its largest market, A/E/C A/E/C Architect/Engineer/Contractor will now be strengthened with advanced technology from Softdesk, whose products are developed with Autodesk's object-oriented foundation ObjectARX technology. The company's Kinetix division, the world leader in 3D animation is expanding its product family to target architectural customers with the launch of 3D Studio VIZ. The matters discussed in this news release contain forward looking statements that involve risks and uncertainties that could cause actual results to differ materially from those projected. These include the timely development and acceptance of products, the impact of competitive products and pricing, and the other risks detailed from time to time in Autodesk's SEC reports, including the report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. filed in April 1997. Autodesk is the world's leading supplier of PC design software and multimedia tools. The company's 2D and 3D products and data management tools are used in many industries for architectural design This article or section may contain original research or unverified claims. Please help Wikipedia by adding references. See the for details. This article has been tagged since September 2007. , mechanical design, mapping, film and video production, video game development and Web content development. Its Kinetix 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 fifth largest PC software company in the world, Autodesk has three million customers in over 150 countries. For more information, contact any Authorized Autodesk Dealer, call Autodesk at 800-964-6432, or fax requests for information to 415-507-5100. Outside of North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , fax requests for information to +1 415-507-6110 (Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. ), +1 415-507-6117 (Asia Pacific), or +1 41-22-788-21-44 (Europe). For more information on Autodesk, call 415-507-5000, type GO ADESK on CompuServe, or log in with a World Wide Web browser The program that serves as your front end to the Web on the Internet. In order to view a site, you type its address (URL) into the browser's Location field; for example, www.computerlanguage.com, and the home page of that site is downloaded to you. at http://www.autodesk.com Autodesk shares are traded on the Nasdaq national market under the symbol ADSK ADSK Autodesk, Inc. (NASDAQ stock symbol) . -0- Note to Editors: Autodesk, the Autodesk logo and AutoCAD are registered trademarks of Autodesk, Inc. Mechanical Desktop, 3D Studio VIZ, Autodesk MapGuide, and Autodesk World are trademarks of Autodesk, Inc. All other brand names, product names, or trademarks belong to their respective holders. CONTACT: Autodesk Inc. Christine Tsingos, 415/507-6704 (VP and Treasurer) Ronni Sarmanian, 415/507-6570 (Director of Corporate Communications) |
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