Autodesk Reiterates Outlook - Quick Facts

(RTTNews) - Autodesk Inc. (ADSK) reiterated its business outlook for the third quarter and fiscal year 2016. For the third-quarter, the company expects: revenue in the range of $580 million to $600 million; GAAP loss per share of $0.23 to $0.18; and non GAAP EPS in the range of $0.05 to $0.10.

For fiscal 2016, the company expects: revenue in the range of $2.465 billion to $2.505 billion; GAAP loss per share of $1.39 to $1.27; and non GAAP EPS of $0.60 to $0.72.

Autodesk said the company will provide an update on its transition to a subscription-based business model and plans for expanding its market opportunity at the annual Investor Day.

"Autodesk is moving rapidly to take advantage of the platform shift from the desktop to the cloud, which enables our customers to think differently about how they approach design, simulation, production, and collaboration. Autodesk has been preparing for this transition for more than two years and we're now accelerating the process. To do so, we are transforming our business to help our customers realize a new future of making things," said Carl Bass, Autodesk CEO.