ADSK: We're Gonna Make More $$$

Autodesk is upping the amount it guestimates it'll make in the coming quarters:

This Quarter:
$590 - $595 million revenue, up from the previous guess of $575 - $585 million.

Next Quarter:
$600 - $610 million, up from $590 million.

This Year:
$2.45 - $2.5 billion, up from $2.43 - $2.48 billion.

Hopefully Not Bad News for Employees:
"Autodesk said during the first quarter, it will spend about $8 million on cost reduction initiatives." Oops, I forgot: the company already laid off a bunch.

The share price jumped $2 on the news, but still has a ways to go to attain its 52-week-high price of over $50. Details here.

Comments

[Gary Darcy]

As you point out layoffs and a big big overdraft with no money in the bank!
This is a work of fiction considering the current state of ACAD 2009.

Time for a reality check!