Design software maker Autodesk Inc. (ADSK) is scheduled to release its third-quarter results after the market closes Tuesday, with analysts forecasting earnings of $0.23 per share on revenues of $415.24 million. In the year-ago period, the company earned $0.56 per share, on a non-GAAP basis, and reported revenues of $607 million.
The San Rafael, California-based company projects third-quarter GAAP earnings per share in the range of $0.04 - $0.09 and non-GAAP earnings per share of $0.18 - $0.23, on revenues of $400 million - $420 million.
For fiscal 2009, Autodesk, famous for its AutoCAD software, now expects nearly $300 million in pre-tax cost savings versus prior year.
In the second quarter, the San Rafael, California-based company reported net income of $10.5 million or $0.05 per share, lower than the previous year's net income of $89.8 million or $0.39 per share. Quarterly revenues fell 33% to $414.9 million from $619.5 million in the same quarter of prior year.
Among Autodesk's rivals, Parametric Technology Corp. (PMTC) posted significantly lower profit for the fourth quarter, totaling $16.00 million or $0.13 per share, compared to $36.50 million or $0.32 per share in the year-ago period, hit by a slew of charges as well as lower revenues. Quarterly revenues declined to $246.34 million from $299.55 million in the previous year.
For the first quarter, Parametric Technology expects to report results in range of loss $0.02 - earnings $0.04 per share, with revenues between $230 million and $240 million. The company anticipates adjusted earnings of $0.12 - $0.18 per share for the quarter. For the fiscal year 2010, the company projects earnings of $0.43 per share, on revenue of $980 million. On an adjusted basis, earnings are expected to be $0.96 per share.
Another peer, Ansys Inc. (ANSS) posted higher profit for the third quarter, totaling $30.5 million or $0.33 per share, compared to $25.8 million or $0.29 per share a year ago, aided by higher revenue and lower operating expenses. Total revenue increased to $128.2 million from $122.2 million in the third quarter of 2008.
For the fourth quarter of 2009, Ansys projects GAAP earnings of $0.34 - $0.38 per share and non-GAAP earnings of $0.47 - $0.49 per share. GAAP revenue is estimated to be in the range of $135.8 million - $141.8 million, and non-GAAP revenue between $136 million and $142 million.
Ansys revised its full-year forecast, now expecting GAAP earnings of $1.20 - $1.24 per share and non-GAAP earnings of $1.72 - $1.74 per share. GAAP revenue is currently estimated to be in the range of $502.3 million - $508.3 million, and non-GAAP revenue between $510.4 million and $516.4 million. Earlier, the company had expected GAAP earnings of $1.13 - $1.26 per share, non-GAAP earnings of $1.66 - $1.76 per share. GAAP and non-GAAP revenues were earlier estimated in the range of $501.9 million - $519.9 million and $510 million - $528 million, respectively.
Autodesk shares, which have been trading between $11.70 and $27.97 in the past 52 weeks, closed Monday's trading session at $27.44. In the pre-market session, the stock is trading at $26.21, down $1.23 or 4.48%.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.