San Rafael, California-based
Thursday reported lower revenues and profits for its fiscal second quarter ended July 31, 2002. The company also gave a financial outlook for it’s third quarter and fiscal year 2003.
Noting soft demand, Autodesk reported revenues of $211 million in its second quarter, compared to $231 million in the second quarter of fiscal year 2002. The company’s net income was $12 million or $0.10 per diluted share compared to net income for the same quarter a year ago of $19 million or $0.17 per diluted share.
“The fundamentals of our business are strong. Our sales teams around the world drove new product sales, subscriptions and professional services. As a result, we are gaining market share and are well positioned for growth when the economy turns around.” said Carol Bartz, Autodesk chairman and CEO, in a statement.
With the possibility of further economic slowness in the worldwide economy affecting its financial numbers, Autodesk expects revenues for the third quarter to be in the range of $200 million to $210 million, or $0.05 to $0.10 per diluted share. Expectations for the fiscal year 2003 range from $860 million to $900 million, or $0.50 and $0.70 per diluted share.