8-KEarnings & ResultsExhibits & Filings

Autodesk, Inc. 8-K Report, Financial Results (Aug 14, 2008)

Filed August 14, 2008For Securities:ADSK

Summary

Autodesk, Inc. (ADSK) filed an 8-K on August 14, 2008, to report its financial results for the second quarter of fiscal year 2009, ended July 31, 2008. The report highlights record revenue of $620 million, demonstrating strong top-line growth. Investors should note that Autodesk provides both GAAP and non-GAAP financial measures, with management utilizing non-GAAP figures to assess operational performance. The company clearly outlines the adjustments made to arrive at non-GAAP earnings, primarily excluding stock-based compensation, amortization of purchased intangibles, certain employee tax reimbursements related to stock options, and their tax effects. This approach aims to offer a clearer view of the company's earning potential and facilitate comparisons with competitors.

Key Highlights

  • 1Autodesk reported record revenue of $620 million for the second quarter of fiscal year 2009.
  • 2The 8-K filing was primarily to furnish a press release detailing the company's financial results.
  • 3The company provides both GAAP and non-GAAP financial results to investors.
  • 4Non-GAAP measures exclude stock-based compensation, amortization of purchased intangibles, and certain stock option related tax reimbursements.
  • 5Management uses non-GAAP measures for internal budgeting, resource allocation, and to assess earning potential.
  • 6These non-GAAP measures are intended to facilitate comparisons with competitors' historical results and guidance.

Frequently Asked Questions

The main purpose of this 8-K filing is to report Autodesk's financial results for the second quarter of fiscal year 2009, ended July 31, 2008. It officially furnishes the press release containing these results for public record.

Autodesk uses non-GAAP financial measures to supplement their GAAP results. They exclude items like stock-based compensation, amortization of purchased intangibles, and certain tax reimbursements related to stock options. Management uses these non-GAAP figures to gain a clearer understanding of the company's operational performance, for internal planning and budgeting, and to compare their results with those of their competitors.

Autodesk presents both GAAP (Generally Accepted Accounting Principles) and non-GAAP financial results. The press release furnished with this 8-K includes details on both, and management emphasizes that non-GAAP measures should be viewed in conjunction with, and not as a substitute for, GAAP measures.

The most significant highlight from the reported quarter (Q2 FY2009) was Autodesk achieving a record revenue of $620 million.