May 18 - Autodesk Reports Record Q1 Revenues of $509M

SAN RAFAEL, California, May 18, 2007 - Autodesk, Inc. (NASDAQ: ADSK) today reported record quarterly revenues of $509 million, an increase of 17 percent over the first quarter of fiscal 2007.

"Autodesk delivered another record quarter of revenue," said Carl Bass, Autodesk president and CEO. "During the quarter, we launched strong new releases of our 2008 family of products which continue to improve our customers' design experience. Customers are responding enthusiastically to the improved performance and scalability across the product line. Additionally, our industry-leading 3D design software solutions are providing customers the ability to experience their ideas through the power of digital prototyping resulting in improved competitive advantage."

Autodesk's performance was driven by strong increases in revenue from its model-based 3D design products, maintenance revenue from subscription, revenue in the emerging economies, and revenue from new seats.

The Company's model-based 3D products, Inventor, Revit and Civil 3D software, continue to increase their market penetration. Combined revenues from these model-based design products increased 19 percent over the first quarter of fiscal 2007 to $106 million or 21 percent of total revenues. In total, Autodesk shipped more than 32,000 commercial seats of 3D in the quarter including 14,000 seats of Revit, 10,600 seats of Inventor and 7,400 seats of Civil 3D. During the quarter, Autodesk passed a significant milestone when it shipped the millionth commercial seat of its model-based 3D design solutions.

Installed base revenue, which includes upgrade revenue and maintenance revenue from subscriptions, increased 22 percent over the first quarter of fiscal 2007 to $197 million. Continued strength in subscription attachment and renewal rates drove strong performance on many subscription metrics. Maintenance revenue from subscriptions increased 45 percent compared to the first quarter of fiscal 2007 to $125 million. Deferred maintenance revenue from subscription increased $34 million sequentially and $110 million compared to the first quarter of fiscal 2007. The subscription installed base grew to 1.3 million subscribers. Total upgrade revenues decreased 5% compared to the first quarter of fiscal 2007, as expected.

Once again, emerging economies contributed robust growth in revenues. Revenues from the emerging economies in Asia Pacific, Eastern Europe, the Middle East and Latin America increased 36 percent over the first quarter of fiscal 2007 to $72 million and represented 14 percent of total revenues.

Revenues from new seats increased by 10 percent compared to the first quarter of last year. AutoCAD Mechanical and 3ds Max were particularly strong with revenues from new seats increasing 65 percent and 30 percent, respectively, compared to the first quarter of last year. Revenue from new seats of AutoCAD and AutoCAD LT were robust this quarter, growing 11 percent compared to the first quarter of last year.

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. As a result of the voluntary stock option review, the Company is not providing EPS guidance at this time. Additionally, because accounting related to the restatement of its financial statements is being finalized as a result of the voluntary stock option review, as described below, the Company is not able to provide GAAP operating margins for fiscal 2008 at this time.

Net revenues for the second quarter of fiscal 2008 are expected to be in the range of $520 million to $530 million. Non-GAAP operating margins for the second quarter of fiscal 2008 are expected to be in the range of 24.5 to 25.4 percent. Non-GAAP operating margins do not include SFAS 123R stock-based compensation expenses or reimbursement to employees for tax issues arising from the stock option review, which in total the Company is currently unable to determine but believes will be significant. Non-GAAP operating margins also exclude amortization of acquisition related intangibles of approximately $4 million. Company estimates of non-GAAP operating margins include approximately $1.5 million in the second quarter of fiscal 2008 for legal, tax and accounting fees related to the voluntary stock option review.

Net revenues for the third quarter of fiscal 2008 are expected to be in the range of $520 million to $530 million. Non-GAAP operating margins for the third quarter of fiscal 2008 are expected to be in the range of 26.4 to 26.9 percent. Non-GAAP operating margins do not include SFAS 123R stock-based compensation expenses, which the Company is currently unable to determine but believes will be significant, and amortization of acquisition related intangibles of approximately $4 million.

For fiscal year 2008, net revenues are expected to be between $2.115 billion and $2.150 billion. Non-GAAP operating margins for fiscal year 2008 are expected to be in the range of 27 to 27.5 percent. Non-GAAP operating margins do not take into account SFAS 123R stock-based compensation expenses and reimbursement to employees for tax issues arising from the stock option review, both of which the Company is currently unable to determine but believes will be significant. Non-GAAP operating margins also exclude amortization of acquisition related intangibles of approximately $16 million. The Company expects its fiscal 2008 tax rate to be between 25 and 26 percent.

As announced on May 2, 2007, Autodesk is seeking the advice of the Office of Chief Accountant at the Securities and Exchange Commission (the "OCA") and on May 3, 2007, submitted to the OCA certain financial statement information arising out of adjustments related to accounting for stock-based compensation expense as a result of a voluntary review by the Audit Committee of the Board of Directors regarding timing of past stock option grants and other related issues. Autodesk intends to file its restated financial statements, as well as its delinquent quarterly reports on Form 10-Q for the quarters ended July 31, 2006 and October 31, 2006 and its annual report on Form 10-K for fiscal year ended January 31, 2007, as soon as practicable after receiving the advice of the OCA.

While Autodesk is in the process of restating prior years' financial statements to reflect the additional compensation expense associated with past stock option granting practices, the Company is also recording other minor adjustments related to reseller incentives on its subscription program. These adjustments increase revenue and decrease deferred revenues for fiscal 2006 and fiscal 2005 by approximately $15 million and $5 million respectively.

Autodesk will host its first quarter conference call today at 5:00 p.m. EDT. The live announcement may be accessed at http://www.autodesk.com/investors or by dialing 800-901-5241 or 617-786-2963 (passcode: 72422598). An audio webcast or podcast of the call will be available at 7:00 pm EDT at http://www.autodesk.com/investors. This replay will be maintained on our website for at least twelve months. An audio replay will also be available for one month beginning at 7:00 pm EDT by dialing 888-286-8010 or 617-801-6888 (passcode: 64067637).

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 1,000 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/.

Fiscal
   Year 2008       QTR 1        QTR 2       QTR 3       QTR 4    YTD2008
  Financial
   Statistics
   (in millions):

  Total net
   revenues         $509                                            $509
    License and
     other
     revenues       $383                                            $383
    Maintenance
     revenues       $125                                            $125

  Total Cash
   and
   Marketable
   Securities       $964                                            $964
  Days Sales
   Outstanding        47                                              47
  Capital
   Expenditures       $7                                              $7
  GAAP
   Depreciation
   and
   Amortization      $14                                             $14

  Revenue by
   Geography
   (in millions):
  Americas          $184                                            $184
  Europe            $207                                            $207
  Asia/Pacific      $117                                            $117

  Revenue by
   Division
   (in millions):
  Design Solutions
   Segment          $446                                            $446
      Platform
       Solutions
       and
       Emerging
       Business
       Division     $252                                            $252
      Architecture,
       Engineering
       and
       Construction
       Division     $100                                            $100
      Manufacturing
       Solutions
       Division      $94                                             $94

  Media and
   Entertainment
   Segment           $59                                             $59

  Other               $4                                              $4

  Other Revenue
   Statistics:
  % of Total Rev
   from AutoCAD,
   AutoCAD upgrades
   and AutoCAD LT    43%                                             43%
  % of Total Rev
   from 3D design
   products          21%                                             21%
  % of Total Rev
   from Emerging
   Economies         14%                                             14%
  Upgrade
   Revenue
   (in millions)     $71                                             $71

  Favorable
   (Unfavorable)
   Impact of U.S.
   Dollar
   Translation
   Relative to
   Foreign
   Currencies
   Compared
   to Comparable
   Prior Year
   Period
   (in millions):
    Fx Impact on
     Total
     Net Revenues    $19                                             $19

  Common
   Stock
   Statistics:
  GAAP Shares
   Out-
   standing  231,166,000                                      230,741,000
  GAAP Fully
   Diluted
   Shares
   Out-
   standing  243,848,000                                      243,172,000
  Shares
   Repurchased        --                                              --

  Installed
   Base
   Statistics:
  AutoCAD
  Total
   AutoCAD-
   based
   Installed
   Base        4,162,000                                       4,162,000
  Stand-alone
   AutoCAD                                                     2,779,000
  AutoCAD
   Mechanical                                                    208,000
  AutoCAD Map                                                    249,000
  Architectural
   Desktop                                                       503,000
  Land Desktop                                                    78,000

  AutoCAD LT
   Installed
   Base                                                        3,424,000
  Total
   Inventor
   Installed
   Base          699,000                                         699,000
  Total
   Subscription
   Installed
   Base        1,295,000                                       1,295,000


  Fiscal Year
   2007            QTR 1        QTR 2       QTR 3       QTR 4    YTD2007
  Financial
   Statistics
   (in millions):
  Total net
   revenues         $436         $450        $457        $497     $1,840
   License and
    other
    revenues        $349         $346        $346        $375     $1,416
   Maintenance
    revenues         $87         $104        $111        $123       $424

  Total Cash
   and
   Marketable
   Securities       $386         $468        $597        $778       $778
  Days Sales
   Outstanding        58           52          51          55         55
  Capital
   Expenditures      $11           $7          $7         $10        $35
  GAAP
   Depreciation
   and
   Amortization      $13          $14         $13         $14        $53

  Revenue by
   Geography
   (in millions):
  Americas          $170         $168        $194        $203       $735
  Europe            $164         $174        $160        $189       $687
  Asia/Pacific      $101         $108        $103        $105       $418

  Revenue by
   Division
   (in millions):
  Design
   Solutions
   Segment          $386         $388        $389        $430     $1,595
     Platform
      Solutions
      and
      Emerging
      Business
      Division      $224         $223        $212        $220       $879
     Architecture,
      Engineering
      and
      Construction
      Division       $88          $90         $93        $112       $383
     Manufacturing
      Solutions
      Division       $75          $75         $85         $97       $333

  Media and
   Entertainment
   Segment           $47          $59         $64         $65       $234

  Other               $3           $3          $3          $3        $11

  Other
   Revenue
   Statistics:
  % of Total Rev
   from AutoCAD,
   AutoCAD
   upgrades and
   AutoCAD LT        44%          41%         38%         37%        40%
  % of Total Rev
   from 3D
   design
   products          20%          20%         22%         24%        22%
  % of Total Rev
   from
   Emerging
   Economies         12%          13%         15%         15%        14%
  Upgrade Revenue
   (in millions)     $75          $49         $51         $78       $253

  Favorable
   (Unfavorable)
   Impact of
   U.S. Dollar
   Translation
   Relative to
   Foreign
   Currencies
   Compared to
   Comparable
   Prior Year
   Period
   (in millions):
  Fx Impact on
   Total Net
   Revenues        $(19)         $(2)          $6         $16         $1

  Common
   Stock
   Statistics:
  GAAP Shares
   Out-
   standing  231,296,000  230,523,000 230,919,000 231,166,000 230,741,000
  GAAP Fully
   Diluted
   Shares
   Out-
   standing  244,698,000  243,119,000 242,029,000 243,861,000 243,172,000
  Shares
   Repurchased 1,700,000    2,498,000          --          --  4,198,000

  Installed
   Base
   Statistics:
  AutoCAD
  Total AutoCAD-
   based
   Installed
   Base        3,928,000    3,987,000   4,056,000   4,114,000  4,114,000
  Stand-alone
   AutoCAD                                                     2,758,000
  AutoCAD
   Mechanical                                                    200,000
  AutoCAD
   Map                                                           245,000
  Architectural
   Desktop                                                       494,000
  Land Desktop                                                    79,000

  AutoCAD LT
   Installed
   Base                                                        3,335,000
  Total
   Inventor
   Installed
   Base          578,000      610,000     643,000     676,000    676,000
  Total
   Subscription
   Installed
   Base          990,000    1,086,000   1,163,000   1,232,000  1,232,000

SOURCE: Autodesk, Inc.

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