Autodesk reports first quarter 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 15, 1997--Autodesk, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ADSK ADSK Autodesk, Inc. (NASDAQ stock symbol) ) today reported net revenues for the first quarter ended April 30, 1997 of $119.0 million compared to $136.3 million for the same quarter in the previous fiscal year. The Company reported a net loss in the quarter of $52.7 million, or $1.15 per share compared to net income of $19.1 million, or $0.39 per share posted in the same period of the prior fiscal year. First quarter results for fiscal year 1998 included nonrecurring charges Nonrecurring Charge An expense occurring only once on a company's financial statement. Notes: An extraordinary item is an example of a nonrecurring charge. Also known as "nonrecurring item". of $58.1 million associated with recent acquisitions, including the March, 1997 merger with Softdesk, Inc. A summary of Autodesk's financial results is as follows: -0- Three months ended April 30 1997 1996 Net revenues $ 118,984,000 $136,281,000 Net income (loss) $ (52,745,000) $ 19,060,000 Net income (loss) per share $(1.15) $0.39 About Autodesk (Autodesk, Inc., San Rafael, CA, www.autodesk.com) A leading provider of computer-aided design (CAD) software, founded in 1982. It introduced AutoCAD in its first year, and three years later, became the first PC CAD company to go public. 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 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 , and data management tools are used in many industries for mapping, 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, 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 fourth largest PC software company in the world, Autodesk has 3 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, 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 and the Autodesk logo 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 |
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