Autodesk, Inc. announced unaudited consolidated earnings results for the first quarter ended April 30, 2013. For the quarter, the company reported total net revenue was $570.4 million against $588.6 million a year ago. Income from operations was $81.4 million against $94.0 million a year ago. Income before income taxes was $72.6 million against $97.5 million a year ago. Net income was $55.6 million against $78.9 million a year ago. Diluted net income per share was $0.24 against $0.34 a year ago. Non-GAAP income from operations was $136.9 million against $145.0 million a year ago. Non-GAAP net income was $96.3 million or $0.42 per diluted share against $109.1 million or $0.47 per diluted share a year ago. Net cash provided by operating activities was $224.1 million against $139.3 million a year ago. Capital expenditures were $25.8 million against $11.5 million a year ago. For the second quarter of 2014, the company expects revenue to be in the range of $550 million to $570 million. EPS to be in the range of $0.21 to $0.26 and Non-GAAP EPS to be in the range of $0.39 to $0.44. Non-GAAP earnings per diluted share exclude $0.11 related to stock-based compensation expense, $0.06 for the amortization of acquisition related intangibles, and $0.01 for restructuring, net of tax. For the fiscal year 2014, net revenue is now expected to increase by approximately 3% compared to fiscal 2013. The company now anticipates GAAP operating margin to increase approximately 360 to 410 basis points and non-GAAP operating margin to increase approximately 50 to 100 basis points compared to fiscal 2013. Both second quarter fiscal 2014 and full year fiscal 2014 outlooks assume annual effective tax rates of approximately 24% and approximately 25.5% for GAAP and non-GAAP results, respectively. These rates do not include one-time discrete items but do reflect the recently enacted extension of the federal R&D tax credit benefit through December 31, 2013.

NetSuite Inc. and Autodesk, Inc. announced a strategic alliance to offer manufacturing companies seamless integration of Autodesk PLM 360 and NetSuite ERP. The relationship aims to transform modern manufacturing by helping manufacturers confront shifting economic conditions, deliver quality products and address customer innovation requirements, all with a flexible, cloud-based system. The integration between Autodesk's PLM 360, a next-generation cloud-based product lifecycle management solution and NetSuite's cloud business management solution, including NetSuite Manufacturing Edition, is a major breakthrough in delivering an end-to-end cloud-based solution for ideation, design, manufacturing, service, multi-channel sales, and beyond to the manufacturing industry. The bi-directional integration of these revolutionary cloud technologies gives manufacturers a single, closed-loop solution to accelerate product design and development, reduce risk of errors and delays, streamline supply network collaboration, and gain critical real-time visibility into costing, scheduling, capacity and profitability.

Autodesk, Inc. is launching a new version of Autodesk BIM 360 Glue, a cloud-based Building Information Modeling (BIM) solution. Autodesk BIM 360 Glue extends the BIM process from design to construction by providing all stakeholders access to project information for model coordination and clash detection via desktop, mobile and web. The introduction of mobile devices into the construction industry is transforming the way that projects are built and managed. With BIM 360 Glue, enhanced cloud-based collaboration and mobile access help ensure that the entire project team can participate in the coordination process, minimizing the coordination cycles and providing teams with tools to view the designs wherever they are located. Extended project design and construction teams can use one-click access to review the latest project models and run clashes in real-time, saving time and money on design and construction projects. The new release provides a redesigned and optimized user interface as well as support for larger project models, and improved coordination with Autodesk Revit, Autodesk AutoCAD, and Autodesk AutoCAD Civil 3D. With BIM 360 Glue, users can move more seamlessly between Autodesk Navisworks software products and BIM 360 Glue for more intelligent and connected workflows. Now supporting more than 50 different 3D formats, customers can use BIM 360 Glue for team-based coordination and then bring the coordinated models directly into Navisworks software.