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Autodesk Reports fourth quarter results

Autodesk, Inc. has announced financial results for its fourth quarter and fiscal year ended January 31, 2002. The Company reported net revenues at the high end of fourth quarter guidance, and exceeded pro forma earnings per share expectations by ten cents.

Autodesk reported net revenues of $254 million for the fourth quarter of fiscal year 2002. This revenue number is at the high end of the Company’s revenue guidance range of between $245 million and $255 million for the fourth quarter. Net revenues for the year ended January 31, 2002 totaled $947 million.

On a pro forma basis, as defined below, fourth quarter net income was $37 million or $0.65 per diluted share compared to $32 million or $0.57 per diluted share for the same quarter a year ago. Pro forma net income for the year ended January 31, 2002 was $119 million or $2.12 per diluted share compared to $109 million or $1.87 per diluted share for the prior year.

Fourth quarter net income was $22 million or $0.38 per diluted share. This compares to net income for the same quarter a year ago of $28 million or $0.51 per diluted share. Net income for the year ended January 31, 2002 was $90 million or $1.61 per diluted share compared to net income of $93 million or $1.59 per diluted share for the prior year.