Edition:
United States

Autodesk Inc (ADSK.O)

ADSK.O on Nasdaq

107.75USD
23 Jun 2017
Change (% chg)

$0.97 (+0.91%)
Prev Close
$106.78
Open
$106.40
Day's High
$108.76
Day's Low
$105.30
Volume
3,666,203
Avg. Vol
2,354,744
52-wk High
$114.68
52-wk Low
$49.82

Latest Key Developments (Source: Significant Developments)

Sachem Head Capital cuts stake in Autodesk to 3.0 pct from 5.8 pct
Thursday, 22 Jun 2017 09:29am EDT 

June 22 (Reuters) - Autodesk Inc :Sachem head capital management lp cuts stake in autodesk inc to 3.0 percent as of june 21 from 5.8 percent as of june 19 - sec filing.Sachem head capital management lp says on june 21, sold portion of position in autodesk inc for portfolio management purposes.  Full Article

Autodesk names Andrew Anagnost president and CEO
Monday, 19 Jun 2017 04:15pm EDT 

June 19 (Reuters) - Autodesk Inc -:Autodesk names Andrew Anagnost president and CEO.Says CEO and president Carl Bass resigned.Autodesk Inc says Andrew Anagnost will also join Autodesk's board of directors.Autodesk Inc - Amar Hanspal, senior vice president, chief product officer and interim co-ceo, has decided to leave company.  Full Article

Autodesk says co, Citibank, Bank of America entered into amendment to credit agreement
Friday, 28 Apr 2017 04:17pm EDT 

April 28 (Reuters) - Autodesk Inc :Autodesk - on April 26, co, Citibank NA, Bank of America NA, among others entered into letter amendment No. 1 to amended credit agreement dated May 29, 2015.Autodesk - amendment to replace max. debt to capitalization ratio with max. debt to total cash ratio of 2.00 to 1.00 for qtrs ending April 30, July 31, Oct 31.Autodesk - Amendment provides minimum interest coverage ratio to not apply for quarters ending April 30, July 31, Oct 31 in 2017 and Jan 31, April 30 in 2018.  Full Article

Sachem Head Capital says agreed to certain standstill restrictions with Autodesk
Tuesday, 7 Feb 2017 12:19pm EST 

Sachem Head Capital Management LP: Autodesk agreed Richard Hill shall not be required to resign from board - SEC filing . Autodesk agreed Hill will be included in slate of nominees standing for election to board at 2017 annual meeting . Agreed to vote all its shares for Autodesk's nominees recommended by board .Sachem head also agreed to customary standstill restrictions under agreement with Autodesk.  Full Article

Autodesk says CEO to step down, announces board changes
Tuesday, 7 Feb 2017 09:00am EST 

Autodesk Inc : Carl Bass has decided to step down as president and chief executive officer, effective February 8 . Announces CEO transition . Reaffirms Q4 and FY17 guidance . Board has instituted a CEO search to consider candidates . Sachem head designees Scott Ferguson and Jeff Clarke to resign from board . Bass will remain on staff as a special advisor to company in support of transition to a new CEO . Crawford Beveridge will remain non-executive chairman of board . Says new agreement between Autodesk and Sachem Head Capital Management LP . Says agreement calls for two of Sachem head's 2016 director nominees, Scott Ferguson and Jeff Clarke, to resign from board of directors . Sachem Head Capital has agreed to continue until June 2018 their earlier standstill and voting agreement provisions . Board will begin a search for a new independent director candidate, who will join when Ferguson and Clarke step down . FY2017 earnings per share view $-0.57, revenue view $2.02 billion -- Thomson Reuters I/B/E/S .Q4 earnings per share view $-0.34, revenue view $472.8 million -- Thomson Reuters I/B/E/S.  Full Article

Autodesk says discussing amendments to financial covenants in credit agreement with lenders
Thursday, 19 Jan 2017 05:29pm EST 

Autodesk Inc :Autodesk- As result of business model transition, discussing amendments to financial covenants in credit agreement with lenders- SEC filing.  Full Article

Autodesk Q2 loss per share $0.44
Thursday, 25 Aug 2016 04:01pm EDT 

Autodesk Inc: Autodesk reports strong second quarter results . Q2 non-GAAP earnings per share $0.05 . Q2 revenue $551 million versus I/B/E/S view $512.1 million . Q2 earnings per share view $-0.13 -- Thomson Reuters I/B/E/S . Qtrly loss per share $0.44 . Total subscriptions increased 109,000 from Q1 of fiscal 2017 to 2.82 million at end of Q2 . Sees Q3 revenue $470 million - $485 million . Sees Q3 GAAP loss per share $0.81 - $0.74 . Sees Q3 fiscal 2017 non GAAP loss per share $0.22 to $0.27 . Sees FY non-GAAP loss per share $0.70 - $0.55 . Sees FY net subscription additions 475,000 to 525,000 . Sees FY revenue $2,000 million to $2,050 million . Q3 earnings per share view $-0.28, revenue view $468.4 million -- Thomson Reuters I/B/E/S .FY2017 earnings per share view $-0.82, revenue view $1.99 billion -- Thomson Reuters I/B/E/S.  Full Article

Bimobject appointed exclusive reseller for Autodesk in North America and Europe
Friday, 20 May 2016 02:25am EDT 

Bimobject AB :Autodesk has appointed BIMobject its exclusive reseller in North America and Europe for new subscriptions of Autodesk Seek.  Full Article

Autodesk Q1 adjusted loss per share $0.10
Thursday, 19 May 2016 04:01pm EDT 

Autodesk Inc Sees 2017 Revenue $1,950 Mln : Total subscriptions increased 132,000 from q4 of fiscal 2016 to 2.71 million at end of q1 . Sees q2 revenue $500 million - $520 million . Qtrly total annualized recurring revenue (arr) was $1.44 billion, an increase of 9 percent compared to q1 last year . Sees 2017 non-gaap loss per share $0.95 to $0.70 . Sees q2 gaap loss per share $0.73 - $0.63 . Sees 2017 gaap loss per share $3.25 - $2.87 . Sees fy net subscription additions of 475,000 - 525,000 . Sees q2 non-gaap loss per share $0.18 - $0.11 . $2,050 million . Fy2017 earnings per share view $-0.71, revenue view $1.99 billion -- Thomson Reuters I/B/E/S . Q2 earnings per share view $-0.07, revenue view $542.1 million -- Thomson Reuters I/B/E/S . Autodesk first quarter results driven by strong subscription additions . Q1 non-gaap loss per share $0.10 . Q1 revenue $512 million versus i/b/e/s view $513 million . Q1 earnings per share view $-0.14 -- Thomson Reuters I/B/E/S .Q1 gaap loss per share $0.77.  Full Article

Autodesk Inc to cut 10 pct of workforce - Reuters
Wednesday, 3 Feb 2016 09:10am EST 

Autodesk Inc:AutoCAD software maker Autodesk Inc said it would cut about 925 jobs, or 10 percent of its workforce, in the near term as part of a restructuring plan to accelerate transition to its cloud business. - RTRS.The company said it anticipated pre-tax charges of $85 million-$95 million related to the restructuring - RTRS.  Full Article

More From Around the Web

BRIEF-Sachem Head Capital cuts stake in Autodesk to 3.0 pct from 5.8 pct

* Sachem head capital management lp cuts stake in autodesk inc to 3.0 percent as of june 21 from 5.8 percent as of june 19 - sec filing