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Stock impact report

Autodesk (ADSK) Q4 Loss Wider than Expected, Revenues Beat [Yahoo! Finance News]

Autodesk, Inc. (ADSK) 
Last autodesk, inc. earnings: 2/27 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.autodesk.com/investor-overview
Autodesk (ADSK) Q4 Loss Wider than Expected, Revenues Beat Autodesk Inc. ADSK reported fourth-quarter fiscal 2017 (ended Jan 31, 2017) adjusted loss (including stock-based compensation expense but excluding all other non-recurring items) of 56 cents a share, wider than the Zacks Consensus Estimate of a loss of 49 cents. Revenues of $478.8 million topped the consensus mark of $474.1 million but fell nearly 26.2% year over year. Shares were down nearly 2% in the aftermarket session. Management continues to emphasize that revenues, in the near term, will be impacted by the business model transition as revenues are now recognized “ratably” as against realized “upfront” earlier on. Quarter Details The company reported non-GAAP loss per share of 28 cents in the quarter against earnings of 21 cents in the year-ago quarter. Revenues were impacted by a 52.5% year-over-year decline in License revenues to $156.3 million. Subscription revenues, however, were almost flat year over year at $322. Show less Read more
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