San Rafael, CA - Autodesk, Inc. (Nasdaq: ADSK) today announced preliminary financial results for the third quarter ended October 31, 2008. Based on preliminary financial data, the company expects total revenue to be in the range of $604 million to $607 million. GAAP earnings are expected to be in the range of $0.41 to $0.43 per diluted share. Non-GAAP earnings are expected to be in the range of $0.53 to $0.55 per diluted share and exclude $0.07 related to stock-based compensation expense and $0.05 for the amortization of acquisition related intangibles.
"The sharp downturn of the global economy is substantially impacting our business," said Carl Bass, Autodesk president and CEO.
San Rafael, CA - November 4, 2008 - Autodesk (Nasdaq: ADSK), a leader of design innovation software and technologies, today announced it is working with the Incheon Free Economic Zone (IFEZ) and the Incheon Urban Development Corporation (IUDC) to cooperate in the creation of Asia's first Digital City for Incheon, Korea -- the 'Tomorrow City' in Song-do City. Autodesk has designated Incheon as the second pilot city of its Digital City initiative, after announcing Salzburg, Austria in July.
Autodesk, IFEZ, and IUDC will work together to develop a Digital City -- a collaborative environment created around a detailed 3D city model that allows users from the public, city government, construction and business communities to leverage technology solutions so they can visualize, analyze and simulate real-world city scenarios to improve decision making and provide a common environment for sharing information. The objective of today's announcement is to help the Tomorrow City research a state-of-the-art city management system.
take it easy and life will be easy