NewsBreak

Autodesk Completes Moldflow Acquisition

"Autodesk sees plastics and composites as some of the fastest-growing engineering materials," said Carl Bass, Autodesk president and CEO. "Given its relatively low weight and durability, plastic materials are ideally suited to help our customers attain their sustainability initiatives. Moldflow, with its industry-leading plastics simulation, is a natural extension of Autodesk's Digital Prototyping solution."

Autodesk acquired Moldflow for $22 per share, or approximately $297 million, less the amount in Moldflow's cash balance and proceeds from options exercises.

Business Outlook

Autodesk updated its financial guidance to reflect the anticipated effects of the acquisition of Moldflow. The following statements are forward-looking statements which are based on current expectations and which involve risks and uncertainties some of which are set forth below.

Second Quarter Fiscal 2009

Net revenue for the second quarter of fiscal 2009 is still expected to be in the range of $600 million and $610 million. GAAP earnings per diluted share are now expected to be in the range of $0.34 and $0.36. Non-GAAP earnings per diluted share are now expected to be in the range of $0.50 and $0.52 and exclude $0.07 related to stock-based compensation expense, and $0.09 for the amortization of acquisition related intangibles and in-process research and development.

Third Quarter Fiscal 2009

Net revenue for the third quarter of fiscal 2009 is now expected to be in the range of $615 million and $630 million. GAAP earnings per diluted share are now expected to be in the range of $0.41 and $0.43. Non-GAAP earnings per diluted share are now expected to be in the range of $0.53 and $0.55 and exclude $0.07 related to stock-based compensation expense and $0.05 for the amortization of acquisition related intangibles.

Full Year Fiscal 2009

For fiscal year 2009, net revenue is now expected to be in the range of $2.48 billion and $2.53 billion. Full year GAAP earnings per diluted share are now expected to be in the range of $1.72 and $1.82. Non-GAAP earnings per diluted share are still expected to be in the range of $2.20 and $2.30 and exclude $0.30 related to stock-based compensation expense, and $0.18 for the amortization of acquisition related intangibles and in-process research and development.

About Autodesk

Autodesk, Inc. is the world leader in 2D and 3D design software for the manufacturing, building and construction, and media and entertainment markets. Since its introduction of AutoCAD software in 1982, Autodesk has developed the broadest portfolio of state-of-the-art digital prototyping solutions to help customers experience their ideas before they are real. Fortune 1000 companies rely on Autodesk for the tools to visualize, simulate and analyze real-world performance early in the design process to save time and money, enhance quality and foster innovation.

For additional information about Autodesk, visit http://www.autodesk.com/.

----------

Related News

Oct 8 - Autodesk Names IMAGINiT as Reseller of Quarter
Oct 8 - Autodesk To Retire Mechanical Desktop
Sep 29 - Autodesk Redesigns Student Community, Passes 350K Milestone
Sep 17 - Florida Department of Transportation Picks AutoCAD Civil 3D
Aug 28 - Autodesk to Present at Investor Conferences
Aug 20 - Autodesk Adopts Software Delivery Model for AutoCAD
Aug 20 - Autodesk to Acquire Germany's Mensch und Maschine ECS
Aug 15 - Autodesk Q2 Revenue Up 18% to $620M with $90M Profit
Aug 14 - Autodesk Releases NavisWorks 2009.1 Portfolio
Aug 14 - Autodesk Labs Offers Inventor Plastic Features Tech Preview
Aug 12 - Autodesk Unveils Stitcher Unlimited, ImageModeler 2009
Jul 31 - Autodesk Sponsors 2008 Young Architect Awards
Jul 30 - Autodesk Passes 800,000 Milestone for Inventor
Jul 29 - Autodesk VP Finance, Sue Pirri to Present at Crest Forum
Jul 17 - Autodesk Announces 'Build Something' Contest Winners
Jul 14 - Autodesk Names CADD Microsystems as Reseller of Quarter
Jun 26 - Autodesk Acquires ECOTECT for Building Analysis
Jun 26 - Autodesk Completes Moldflow Acquisition
Jun 24 - UK's Ironstone Developer Selects Autodesk Buzzsaw
Jun 20 - Autodesk Completes Moldflow Tender Offer for 11.6M Shares
Jun 13 - Autodesk Acquires 81% Moldflow Shares
Jun 2 - UK's Eric Wright Construction Selects Autodesk Buzzsaw
May 29 - HDR Signs 1800 Seat Contract with Autodesk
May 29 - Autodesk Sponsors 2008 Building Services Awards
May 27 - Autodesk Sponsors Shell Eco Marathon Europe Challenge
May 16 - Autodesk Q1 Revenue Up 18% to $599M with $95M Profit
May 8 - Autodesk Carol Bartz to Present at Baird Stock Conference
May 7 - Autodesk Completes REALVIZ Acquisition
May 6 - Autodesk Launches File Search Web Service for AEC
May 5 - Autodesk's Senior VP, CFO Alfred Castino Plans to Resign
May 2 - Autodesk to Acquire Moldflow for $297M
Apr 17 - Autodesk Developer Network Supports 2009 2D, 3D Products
Apr 16 - Autodesk Ships BIM 2009 Portfolio
Apr 3 - Autodesk 2009 Manufacturing Portfolio Ship
Apr 1 - Autodesk's Carl Bass Wins CAD Society Leadership Award
Apr 1 - Autodesk Ships 3ds Max Design, 3ds Max 2009
Mar 26 - Autodesk Inducts 48 VARs into Platinum Club
Mar 25 - Autodesk Ships AutoCAD 2009 Portfolio
Mar 10 - Autodesk Honors 25 Year VARs
Feb 27 - Autodesk Q4 Revenue Up 20% to $599M with $96M Profit
Feb 26 - Norway's Ing Per Gjerdrum AS to Upgrade AutoCAD P&ID
Feb 26 - Autodesk to Present at Investor Conferences
Feb 25 - CRN Named Autodesk's Ken Bado as Channel Chief
Feb 19 - Autodesk Reduces Maya Pricing, Announces Extension 2
Feb 13 - Autodesk Unveils AutoCAD 2009
Feb 13 - Autodesk Plans Education Centers in Emerging Economies
Feb 13 - Autodesk to Buy Green Building Studio, Carmel Software
Jan 10 - Autodesk Opens Customer Briefing Center in Oregon
Jan 8 - Autodesk Completes China's Hanna Strategies Acquisition
Jan 4 - Autodesk Sr VP Jay Bhatt to Present at Needham Conference
Buzzsaw News
Inventor
Revit News

Source: Material used in press releases is often supplied by external sources and used as is.