Autodesk Reiterates Third Quarter and Fiscal Year 2016 Business Outlook at Annual Investor Day

Autodesk, Inc. (NASDAQ: ADSK) recently held its annual Investor Day event at the Autodesk Gallery in San Francisco, where the company shared key updates on its ongoing transition to a subscription-based business model and outlined future growth strategies. The event also included a reaffirmation of the company’s financial outlook for the third quarter and fiscal year 2016. Carl Bass, President and CEO of Autodesk, emphasized the company's commitment to leveraging the shift from desktop to cloud-based solutions. “We’ve been preparing for this transformation for over two years and are now accelerating our efforts to help customers embrace a new era of design, simulation, production, and collaboration,” he said. During the event, other members of the leadership team joined Bass to discuss market opportunities, business model changes, financial performance, and long-term corporate strategy. In its business outlook, Autodesk provided forward-looking guidance based on current expectations. The company anticipates continued economic stability and favorable foreign exchange conditions. It also highlighted that its financial results include both GAAP and non-GAAP metrics, with detailed reconciliations available in the press release. For the third quarter of fiscal 2016, Autodesk expects revenue between $580 million and $600 million, with GAAP earnings per share ranging from ($0.23) to ($0.18), and non-GAAP EPS between $0.05 and $0.10. For the full fiscal year 2016, the company forecasts billings growth of 2% to 4%, revenue between $2.465 billion and $2.505 billion, and non-GAAP operating margins of 9% to 10%. The company also projects net subscription additions of 375,000 to 425,000 during the year. A live webcast of the event was available online for investors and media, with a replay accessible for 12 months on Autodesk’s investor relations website. The press release also included a Safe Harbor statement, warning that actual results may differ due to various risks and uncertainties, including market fluctuations, currency exchange rates, and the success of the company’s business model transition. Autodesk remains focused on innovation and customer support, offering tools that empower professionals and creators across industries. The company continues to invest in cloud-based solutions and expand its global reach. For more information, visit www.autodesk.com or follow @autodesk on social media. For investor inquiries, contact David Gennarelli at 415-507-6033. For media inquiries, reach out to Noah Cole at 415-580-3535.

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