Autodesk Sees 17% Sales Growth on Strong Emerging Markets

Thursday, 17 May 2007 | 5:42 PM ET

Autodesk reported a 17% rise in quarterly sales due to strong revenue growth in emerging markets and new software products.

The graphic design software company said Thursday that first-quarter revenue rose to $509 million and predicted better-than-expected revenue in the second quarter as well as 2007.

Shares rose in extended hours trading, gaining as much as 6%, but gains were later pared to 1%.

The company did not release earnings results due to restatements related to stock options accounting.

Autodesk forecasted second-quarter revenue in a range of $520 million to $530 million, compared with the consensus estimate of $512.8 million, according to Thomson Financial.

Autodesk said it expects full year revenue in a range of $2.12 billion to $2.15 billion, compared with analysts' forecast of $1.84 billion.

  Price   Change %Change


Contact U.S. News


    Get the best of CNBC in your inbox

    › Learn More

Don't Miss

U.S. Video

  • CNBC's David Faber and Carl Icahn, chairman, Icahn Enterprises, discuss corporate boards, a dysfunctional system, his impact as an activist investor and why what he does is important, as well as the use of poison pills to fend off activists. He also finds himself in the unusual position of defending Bill Ackman's recent efforts to partner with Valeant and acquire Allergan.

  • Discussing new technology in the Permian, growing market in North America, and higher earnings, with Dave Lesar, Halliburton chairman, president and CEO.

  • Paul Raines, GameStop CEO, discusses how its leadership in digital sales, market share, and ability to drive loyalty with rewards propels consumers to stay with the gaming store.