autodesk inc (ADSK) Key Developments
Autodesk, Inc. Launches the Autodesk CAM 360, the Cloud-Based Solution for Computer-Aided Manufacturing
Dec 3 13
Autodesk, Inc. has launched the Autodesk CAM 360, the industry's first cloud-based solution for computer-aided manufacturing. CAM 360 gives users access to Autodesk's Digital Prototyping platform, including the modeling tools found in Fusion 360. In addition to CAM 360, the company's manufacturing cloud service offerings include PLM 360, Sim 360, and Fusion 360.
Autodesk, Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended October 31, 2013; Provides Earnings Guidance for the Fourth Quarter and Full Year Ending January 31, 2014
Nov 21 13
Autodesk, Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended October 31, 2013. For the quarter, the company reported income from operations of $68.1 million, income before income taxes of $69.2 million, net income of $57.6 million or $0.25 diluted per share on total net revenue of $555.2 million against income from operations of $34.4 million, income before income taxes of $34.3 million, net income of $29.4 million or $0.13 diluted per share on total net revenue of $548.0 million for the same period a year ago. Non-GAAP income from operations of $122.3 million against $146.7 million for the same period a year ago. Non-GAAP net income of $94.3 million against $109.0 million for the same period a year ago. Non-GAAP diluted net income per share was $0.41 against $0.47 for the same period a year ago.
For the nine months, the company reported income from operations of $233.1 million, income before income taxes of $223.6 million, net income of $174.9 million or $0.77 diluted per share on total net revenue of $1,687.3 million against income from operations of $221.3 million, income before income taxes of $223.9 million, net income of $172.9 million or $0.75 diluted per share on total net revenue of $1,705.3 million for the same period a year ago. Net cash provided by operating activities of $380.0 million against $403.5 million for the same period a year ago. Capital expenditures was $55.0 million against $44.7 million for the same period a year ago. Non-GAAP income from operations of $395.8 million against $435.6 million for the same period a year ago. Non-GAAP net income of $292.4 million against $329.2 million for the same period a year ago. Non-GAAP diluted net income per share was $1.28 against $1.42 for the same period a year ago.
The company provides earnings guidance for the fourth quarter and full year ending January 31, 2014. For the quarter, the company expects EPS GAAP of $0.09 - $0.16. EPS Non-GAAP was $0.29 - $0.36. Revenue was $560 million - $580 million.
For the full year, the company expects EPS GAAP of $0.84 - $0.90. EPS Non-GAAP was $1.55 - $1.61. Revenue was $2,247 million - $2,267 million.
Autodesk, Inc. and Smithsonian Debuts the Smithsonian x3D Explorer
Nov 13 13
Autodesk, Inc. and the Smithsonian debuted the Smithsonian x3D Explorer, an interactive 3D educational tool accessible to anyone via the web. Autodesk built the tool exclusively for the Smithsonian to democratize access to prized specimens and to bring their stories to life. The public can now experience priceless objects digitized by the Smithsonian like never before, from seeing “behind the glass” to holding 3D printed replicas. 3D technology is beginning to revolutionize museums in the same way it has revolutionized entertainment, manufacturing, and architecture, and the Smithsonian aims to be at the forefront of this transformation. Autodesk actively supports a variety of museums and national heritage organizations with its reality computing technology to help preserve and protect cultural heritage artifacts, structures and even fossils. Creating detailed 3D models means that some of the world’s most prized artifacts and scientific specimens housed in the Smithsonian collection will be preserved and made available to the world, enhancing education and research for generations to come. Less than 1% of the Smithsonian’s collection is on display at any time, and some objects in their collection will never be on display. The ability to showcase objects digitally opens up a world of education and exploration like never before. While a significant amount of the organization’s “flat” objects such as photos or documents have been digitized, most Smithsonian collections are of 3D objects. Autodesk worked with the Smithsonian to create an entire web experience: a museum online complete with a gallery, guided tours, research data, and a 3D object explorer. The x3D Explorer launches with 3D models of 21 representative objects from its collection. The Smithsonian’s x3D Explorer’s stunning 3D models of historic treasures and scientific specimens are available for anyone for free to view, study, interact, visually manipulate, and share. Many of the 3D models are available to download for personal and educational use, including the ability to produce physical objects using 3D printing. For example, classrooms around the globe can now work with educational replicas of these artifacts, and hopefully encourage further interest students to explore the vast collections of science, technology, engineering and anthropology that is captured at the Smithsonian.
Autodesk, Inc. Provides 3D Design in Browser
Nov 5 13
Autodesk, Inc. customers will now be able to access Autodesk Inventor, Autodesk Revit, Autodesk Maya and Autodesk 3ds Max design tools via a web browser. For the first time, customers can access full-fledged 3D design, engineering and entertainment work in a browser without sacrificing performance, power or functionality. Continuing to build on Autodesk's collaboration with Amazon Web Services (AWS), OTOY and NVIDIA this new capability debuts as a tech preview and is an important expansion of the remote access capabilities provided through Autodesk Remote software. With this new capability, developers can access 90-day trials of Autodesk Inventor, Autodesk Revit, Autodesk Maya and Autodesk 3ds Max software.
Autodesk, Inc. Announces the Availability of Integrated CAM to SolidWorks Users with HSMWorks 2014
Nov 5 13
Autodesk, Inc. announced the availability of HSMWorks 2014, the integrated computer aided manufacturing (CAM) solution for SolidWorks users. The new release reinforces the company's commitment to delivering solutions that appeal to a broad range of users from designers and engineers to veteran CNC programmers regardless of their CAD tool of choice. HSMWorks 2014 offers better control over existing toolpaths to produce high quality surface finishes and optimize use of standard cutting tools, and powerful enhancements to simulation and toolpath calculation capabilities that allow users greater visibility into the machining process and the ability to leverage more computing power across their organization. Additional new features include Machine Simulation, HSMWorks API, Adaptive Clearing 2.0, Enhanced Turning support.