Public Company Information: NASDAQ: ADSK SAN RAFAEL, Calif.–(BUSINESS WIRE)–Autodesk, Inc. (NASDAQ: ADSK) has released its financial results for the second quarter of fiscal 2016. The company reported strong billings and deferred revenue growth. Second Quarter Fiscal 2016 - Total billings increased by 7% compared to the same period last year, and by 15% on a constant currency basis. - Deferred revenue rose by 26% to $1.2 billion from $981 million in the second quarter of the previous year. - Total subscriptions grew by approximately 61,000 from the first quarter of fiscal 2016, reaching 2.39 million at the end of the second quarter. - Revenue was $610 million, down 4% compared to the same period last year but flat on a constant currency basis. - GAAP operating margin was 1%, down from 8% in the second quarter of the prior year. - Non-GAAP operating margin was 11%, down from 18% in the same period last year. A reconciliation of GAAP to non-GAAP results is provided in the accompanying tables. - GAAP diluted net loss per share was $(1.04). Please refer to the comment below regarding the non-cash GAAP tax charge recorded in the quarter. GAAP diluted net income per share was $0.13 in the second quarter of the previous year. - Non-GAAP diluted net income per share was $0.19, compared to $0.35 in the second quarter of the previous year. - Cash flow from operating activities was $77 million, compared to $96 million in the second quarter of the previous year. “We are pleased with the progress of our business model transition,” said Carl Bass, Autodesk president and CEO. “Strong billings and deferred revenue growth led the quarter and we continue to see customers adopt our new subscription offerings, which are showing strong year-over-year and sequential growth. For the past two years we’ve been preparing for this transition and we’re now ready to accelerate the process.” Second Quarter Operational Overview As a reminder, Autodesk is undergoing a business model transition where the company will discontinue selling new perpetual licenses in favor of subscriptions and flexible license arrangements. During the transition, billings, revenue, gross margin, operating margin, EPS, deferred revenue, and cash flow from operations will be impacted as more revenue is recognized ratably rather than upfront and as new offerings bring a wider variety of price points. Revenue in the Americas increased 6% compared to the second quarter of the previous year to $236 million. EMEA revenue was $226 million, a decrease of 7% compared to the second quarter of the previous year, and flat on a constant currency basis. Revenue in APAC was $148 million, a decrease of 13% compared to the second quarter of the previous year, and 9% on a constant currency basis. Revenue from emerging economies was $92 million, a decrease of 7% compared to the second quarter of the previous year, and 5% on a constant currency basis. Revenue from emerging economies represented 15% of total revenue in the second quarter. Revenue from the Architecture, Engineering and Construction business segment was $233 million, an increase of 7% compared to the second quarter of the previous year. Revenue from the Platform Solutions and Emerging Business segment was $164 million, a decrease of 21% compared to the second quarter of the previous year. Revenue from the Manufacturing business segment was $171 million, an increase of 2% compared to the second quarter of the previous year. Revenue from the Media and Entertainment business segment was $41 million, a decrease of 6% compared to the second quarter of the previous year. Revenue from Flagship products was $272 million, a decrease of 11% compared to the second quarter of the previous year. Revenue from Suites was $226 million, a decrease of 3% compared to the second quarter of the previous year. Revenue from New and Adjacent products was $112 million, an increase of 13% compared to the second quarter of the previous year. In the second quarter, Autodesk recorded a non-cash GAAP tax charge of $214 million to establish a valuation allowance on certain U.S. deferred tax assets. Due to Autodesk’s pre-tax U.S. GAAP cumulative loss over the last three years, the company evaluated its deferred tax assets and determined that a valuation allowance was required. This is a GAAP-only charge and has no impact to cash this year or in the future. Autodesk will continue to monitor the application of this accounting rule and will consider reversing the valuation allowance when conditions warrant. “Looking at the second half of this fiscal year we are maintaining our billings and subscriptions outlook but we’re now expecting a greater portion of our sales to shift from perpetual licenses to new subscription types,” said Scott Herren, Autodesk Chief Financial Officer. “Since the revenue from these new subscription types is deferred and recognized ratably we have revised our revenue, operating margin and EPS outlook for the year. Looking beyond this year, we are currently refining our plans around the pace and timeframe for the business model transition and look forward to providing more detail at our Investor Day event scheduled for September 29th.” Business Outlook The following are forward-looking statements based on current expectations and assumptions, and involve risks and uncertainties some of which are set forth below under “Safe Harbor.” Autodesk’s business outlook for the third quarter and full year fiscal 2016 assumes, among other things, a continuation of the current economic environment and foreign exchange currency rate environment. A reconciliation between the GAAP and non-GAAP estimates for fiscal 2016 is provided below or in the tables following this press release. Third Quarter Fiscal 2016 - Revenue (in millions): $580 – $600 - EPS GAAP: ($0.23) – ($0.18) - EPS Non-GAAP (1): $0.05 – $0.10 Full Year Fiscal 2016 - Billings growth (1): 2% – 4% - Revenue (in millions) (2): $2,465 – $2,505 - GAAP operating margin: (2)% – (1)% - Non-GAAP operating margin: 9% – 10% - EPS GAAP (3): ($1.39) – ($1.27) - EPS Non-GAAP (4): $0.60 – $0.72 - Net subscription additions: 375,000 – 425,000 Earnings Conference Call and Webcast Autodesk will host its first quarter conference call today at 5:00 p.m. ET. The live broadcast can be accessed at http://www.autodesk.com/investors. Supplemental financial information and prepared remarks for the conference call will be posted to the investor relations section of Autodesk’s website simultaneously with this press release. A replay of the broadcast will be available at 7:00 pm ET at http://www.autodesk.com/investors. This replay will be maintained on Autodesk’s website for at least 12 months. Safe Harbor Statement This press release contains forward-looking statements that involve risks and uncertainties, including statements in the paragraphs under “Business Outlook” above, statements regarding the impacts of our business model transition, expectations regarding the transition of product offerings to subscription, and other statements regarding our strategies, market and products positions, performance, and results. There are a significant number of factors that could cause actual results to differ materially from statements made in this press release, including: failure to maintain our revenue growth and profitability; failure to successfully manage transitions to new business models and markets, including the introduction of additional ratable revenue streams and our continuing efforts to attract customers to our cloud-based offerings and expenses related to the transition of our business model; difficulty in predicting revenue from new businesses and the potential impact on our financial results from changes in our business models; general market, political, economic and business conditions; the impact of non-cash charges on our financial results; fluctuation in foreign currency exchange rates; the success of our foreign currency hedging program; failure to control our expenses; our performance in particular geographies, including emerging economies; the ability of governments around the world to meet their financial and debt obligations, and finance infrastructure projects; weak or negative growth in the industries we serve; slowing momentum in subscription billings or revenues; difficulties encountered in integrating new or acquired businesses and technologies; the inability to identify and realize the anticipated benefits of acquisitions; the financial and business condition of our reseller and distribution channels; dependence on and the timing of large transactions; failure to achieve sufficient sell-through in our channels for new or existing products; pricing pressure; unexpected fluctuations in our tax rate; the timing and degree of expected investments in growth and efficiency opportunities; changes in the timing of product releases and retirements; and any unanticipated accounting charges. Further information on potential factors that could affect the financial results of Autodesk are included in Autodesk’s Annual Report on Form 10-K for the year ended January 31, 2015 and Form 10-Q for the quarter ended April 30, 2015, which are on file with the U.S. Securities and Exchange Commission. Autodesk disclaims any obligation to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made. About Autodesk Autodesk helps people imagine, design and create a better world. Everyone–from design professionals, engineers and architects to digital artists, students and hobbyists–uses Autodesk software to unlock their creativity and solve important challenges. For more information visit autodesk.com or follow @autodesk. Autodesk is a registered trademark of Autodesk, Inc., and/or its subsidiaries and/or affiliates in the USA and/or other countries. All other brand names, product names or trademarks belong to their respective holders. Autodesk reserves the right to alter product and service offerings, and specifications and pricing at any time without notice, and is not responsible for typographical or graphical errors that may appear in this document. © 2015 Autodesk, Inc. All rights reserved.

Pipe Cutting Machine

Pipe Cutting Machine,Automatic Tube Cutting Machine,Tube Cutting Machine,Hydraulic Pipe Cutting Machine

Zhangjiagang heshun machinery manufacturer co.,ltd. , https://www.hsformer.com