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Shares of Autodesk Inc.(NASDAQ:ADSK) rose in premarket trading Wednesday after the design software maker beat Wall Street's expectations for its fourth-quarter earnings and revenue as demand for the company's products improved. The results left analysts optimistic that the quarter represents a positive turn in the company's business. Analysts say that the quarter showed an increasing demand all across the board, especially in
About Autodesk:
Autodesk, Inc. operates as a design software and service company. The company operates in four segments: Platform Solutions and Emerging Business and Other (PSEB); Architecture, Engineering, and Construction (AEC); Manufacturing Solutions (MSD); and Media and Entertainment (M&E). The PSEB segment provides AutoCAD computer-aided design application for 2D drafting, detailing, design documentation, and basic 3D visualization; AutoCAD LT software for 2D drafting and detailing; and AutoCAD Map 3D software for mapping functionality to engineers and geospatial professionals. The AEC segment offers Autodesk Revit products to collect information about building projects and coordinate with other representations of the project; AutoCAD Architecture software to support existing 2D design practices and introduce industry-specific features; and AutoCAD Civil 3D that offers a surveying, design, analysis, and documentation solution for civil engineering. The MSD segment provides Autodesk Inventor products that comprise data management software, a 3D mechanical design creation tool, and software for 2D drawing and detailing; AutoCAD Mechanical software, which offers 2D mechanical design and engineering tools; and software solutions for the design and engineering of injection-molded plastic parts. The M&E segment offers 3ds Max software that offers 3D modeling, animation, and rendering solutions; Maya software, which offers 3D modeling, animation, effects, and rendering solutions; and a line of interactive real-time visual effects and graphics design solutions, and non-linear and non-compressed online editing and finishing systems. It serves customers in architectural, engineering and construction, manufacturing, geospatial mapping, and digital media and entertainment markets through distributors and resellers in the
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This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act") including 2009 growth, revenue for the second quarter and year of 2009 and gross margin for the second quarter and year of 2009. Additionally, words such as "seek," "intend," "believe," "plan," "estimate," "expect," "anticipate" and other similar expressions are forward-looking statements within the meaning of the Act. Some or all of the events or results anticipated by these forward-looking statements may not occur. Factors that could cause or contribute to such differences include the impact of intense competition, the continuation or worsening of current economic conditions and the condition of the domestic and global credit and capital markets.
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