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Autodesk Reports Record Revenue of $599 Million

Reaffirms Fiscal 2009 Revenue Guidance

SAN RAFAEL, Calif., Feb. 26 /PRNewswire-FirstCall/ -- Autodesk, Inc. (Nasdaq: ADSK) today reported record revenue of $599 million for the fourth quarter of fiscal 2008, an increase of 20 percent over the fourth quarter of fiscal 2007. Fourth quarter net income was $96 million, or $0.40 per diluted share, on a GAAP basis and $124 million, or $0.52 per diluted share, on a non- GAAP basis. Net income in the fourth quarter of the prior year was $96 million, or $0.40 per diluted share on a GAAP basis, and $113 million, or $0.46 per diluted share, on a non-GAAP basis. A reconciliation between GAAP and non-GAAP results is provided at the end of this press release.

"Autodesk delivered another quarter of solid revenue results, capping another record year," said Carl Bass, Autodesk president and CEO. "Our results demonstrate the strength and stability our business model provides. Because our geographic balance and customer and industry diversification help insulate Autodesk from changes in any one particular market, we remain optimistic about the coming year."

Operational Highlights

Autodesk's performance in the fourth quarter of fiscal 2008 was driven by strong growth in revenue generated in international geographies, revenue from new seats as well as continued customer migration from 2D to 3D design solutions, offset by slower than expected growth in the Americas.

Compared to the fourth quarter of fiscal 2007, revenue in EMEA increased 38 percent to $262 million. Revenue in Asia Pacific increased 24 percent year-over-year to $131 million. Revenue from the emerging economies in Asia Pacific, EMEA and Latin America increased 52 percent and were 19 percent of total revenue. Strong growth in these international geographies was offset by revenue growth in the Americas of 2 percent over the fourth quarter of fiscal 2007.

Combined revenue from the Company's model-based 3D products -- Inventor, Revit, Civil 3D and NavisWorks software -- increased 21 percent over the fourth quarter of fiscal 2007 to $146 million. Autodesk shipped approximately 21,000 commercial seats of Revit and NavisWorks, over 17,000 commercial seats of Inventor and over 7,500 commercial seats of Civil 3D.

Revenue from all new commercial seats increased by 30 percent compared to the fourth quarter of fiscal 2007.

Fiscal 2008 Highlights

For fiscal 2008, revenue was a record $2.172 billion, an increase of 18 percent compared to fiscal 2007. Fiscal 2008 net income was $356 million, or $1.47 per diluted share, on a GAAP basis and $456 million, or $1.88 per diluted share, on a non-GAAP basis. Net income in fiscal 2007 was $290 million, or $1.19 per diluted share, on a GAAP basis and $375 million, or $1.53 per diluted share, on a non-GAAP basis.

Business Outlook

The following statements are forward-looking statements which are based on current expectations and which involve risks and uncertainties some of which are set forth below.

First Quarter Fiscal 2009

Net revenue for the first quarter of fiscal 2009 is expected to be in the range of $575 million and $585 million. However, the company is lowering its previous estimate of earnings per diluted share. GAAP earnings per diluted share are expected to be in the range of $0.35 and $0.37. Non-GAAP earnings per diluted share are expected to be in the range of $0.46 and $0.48 and exclude $0.08 related to stock-based compensation expense and $0.03 for the amortization of acquisition related intangibles and the write off of acquired IPR&D.

Second Quarter Fiscal 2009

Net revenue for the second quarter of fiscal 2009 is expected to be about $590 million. GAAP earnings per diluted share are expected to be about $0.40. Non-GAAP earnings per diluted share are expected to be about $0.50 and exclude $0.06 related to stock-based compensation expense and $0.04 for the amortization of acquisition related intangibles and the write off of acquired IPR&D.

Full Year Fiscal 2009

For fiscal year 2009, the Company is maintaining its previously provided revenue guidance range of $2.425 billion and $2.475 billion. However, the company is lowering its previous estimate of earnings per diluted share. Full year GAAP earnings per diluted share are expected to be in the range of $1.75 and $1.85. Non-GAAP earnings per diluted share are expected to be in the range of $2.15 and $2.25 and exclude $0.28 related to stock-based compensation expense and $0.12 for the amortization of acquisition related intangibles and the write off of acquired IPR&D.

Safe Harbor Statement

This press release contains forward-looking statements that involve risks and uncertainties, including statements in the paragraphs under "Business Outlook" above, statements regarding anticipated market trends and other statements regarding our expected performance and results. Other factors that could cause actual results to differ materially include the following: general market and business conditions, our performance in particular geographies, including emerging economies, difficulties encountered in integrating new or acquired businesses and technologies, fluctuation in foreign currency exchange rates, unexpected fluctuations in our tax rate, the timing and degree of expected investments in growth opportunities, slowing momentum in maintenance or subscription revenues, failure to achieve sufficient sell-through and efficiencies in our channels for new or existing products, pricing pressure, failure to achieve continued cost reductions and productivity increases, failure to achieve continued migration from 2D products to 3D products, changes in the timing of product releases and retirements, failure of key new applications to achieve anticipated levels of customer acceptance, failure to achieve continued success in technology advancements, the financial and business condition of our reseller and distribution channels, interruptions or terminations in the business of the Company's consultants or third party developers, and unanticipated impact of accounting for technology acquisitions.

Further information on potential factors that could affect the financial results of Autodesk are included in the Company's reports on Form 10-K for the year ended January 31, 2007, and Form 10-Q for the quarter ended October 31, 2007, which are on file with the Securities and Exchange Commission. Autodesk does not assume any obligation to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made.

Earnings Conference Call and Webcast

Autodesk will host its fourth quarter conference call today at 5:00 p.m. EST. The live announcement may be accessed at http://www.autodesk.com/investors or by dialing 866-356-3095 or 617-597-5391 (passcode: 54026047). An audio webcast or podcast of the call will be available at 7:00 pm EST at http://www.autodesk.com/investors. This replay will be maintained on our website for at least twelve months. An audio replay will also be available for one month beginning at 7:00 pm EST by dialing 888-286-8010 or 617-801-6888 (passcode: 31938698).

About Autodesk

Autodesk, Inc. is the world leader in 2D and 3D design software for the manufacturing, building and construction, and media and entertainment markets. Since its introduction of AutoCAD software in 1982, Autodesk has developed the broadest portfolio of state-of-the-art digital prototyping solutions to help customers experience their ideas before they are real. Fortune 1000 companies rely on Autodesk for the tools to visualize, simulate and analyze real-world performance early in the design process to save time and money, enhance quality and foster innovation. For additional information about Autodesk, visit http://www.autodesk.com.

Note: AutoCAD, Autodesk, Civil 3D, Inventor, Revit, and NavisWorks are either registered trademarks or trademarks of Autodesk, Inc., in the US and/or other countries. All other brand names, product names or trademarks belong to their respective holders.

    Investors:
     David Gennarelli, david.gennarelli@autodesk.com, 415-507-6033
     Katie Blanchard, katherine.blanchard@autodesk.com, 415-507-6034

    Press:
     Pam Pollace, pam.pollace@autodesk.com, 415-547-2441
     Caroline Kawashima, caroline.kawashima@autodesk.com, 415-547-2498


    Autodesk, Inc.
    Consolidated Statements of Income
    (In millions, except per share data)

                                           Three Months       Fiscal Year
                                              Ended              Ended
                                            January 31,        January 31,
                                           2008    2007      2008      2007
                                            (Unaudited)   (Unaudited)(Audited)
    Net revenues:
       License and other                   $446.0  $374.8  $1,618.6  $1,415.9

       Maintenance                          153.1   122.6     553.3     423.9

          Total net revenues                599.1   497.4   2,171.9   1,839.8

    Cost of license and other revenues       48.6    52.3     198.3     207.9

    Cost of maintenance revenues              2.2     2.3       8.6       8.7

       Total cost of revenues                50.8    54.6     206.9     216.6

       Gross margin                         548.3   442.8   1,965.0   1,623.2

    Operating Expenses:

       Marketing and sales                  242.5   181.1     842.7     696.1

       Research and development             132.5   100.0     485.3     406.3

       General and administrative            49.2    42.0     191.4     171.1

          Total operating expenses          424.2   323.1   1,519.4   1,273.5

    Income from operations                  124.1   119.7     445.6     349.7

    Interest and other income, net            6.8     4.5      24.4      16.8

    Income before income taxes              130.9   124.2     470.0     366.5

    Provision for income taxes              (34.4)  (27.8)   (113.8)    (76.8)

    Net income                              $96.5   $96.4    $356.2    $289.7

    Basic net income per share              $0.42   $0.42     $1.55     $1.26

    Diluted net income per share            $0.40   $0.40     $1.47     $1.19

    Shares used in computing basic
        net income per share                230.2   231.2     230.3     230.7

    Shares used in computing diluted
        net income per share                239.4   243.9     242.0     243.2



    Autodesk, Inc.
    Condensed Consolidated Balance Sheets
    (In millions)

                                                January 31,       January 31,
                                                   2008              2007
                                                (Unaudited)        (Audited)

    ASSETS:

    Current assets:
      Cash and cash equivalents                     $917.9            $665.9
      Marketable securities                           31.4             112.0
      Accounts receivable, net                       386.5             301.3
      Deferred income taxes                           98.1              78.1
      Prepaid expenses and other current
       assets                                         47.9              32.4
    Total current assets                           1,481.8           1,189.7

    Marketable securities                              8.4                 -
    Computer equipment, software,
     furniture and leasehold improvements, net        80.2              65.6
    Purchased technologies, net                       64.4              51.3
    Goodwill                                         443.4             355.3
    Deferred income taxes, net                        51.3              59.8
    Other assets                                      79.4              75.8
                                                  $2,208.9          $1,797.5


    LIABILITIES AND STOCKHOLDERS' EQUITY:

    Current liabilities:
      Accounts payable                               $79.3             $61.0
      Accrued compensation                           162.4             120.7
      Accrued income taxes                            14.4              23.6
      Deferred revenues                              400.7             311.4
      Other accrued liabilities                       89.7              57.5
    Total current liabilities                        746.5             574.2

    Deferred revenues                                105.4              67.4
    Long term income taxes payable                    86.5               -
    Other liabilities                                 40.0              40.9

    Commitments and contingencies                        -                 -

    Stockholders' equity:
      Preferred stock                                    -                 -
      Common stock and additional paid-in
       capital                                       998.3             908.3
      Accumulated other comprehensive
       income (loss)                                  13.8              (3.6)
      Retained earnings                              218.4             210.3
    Total stockholders' equity                     1,230.5           1,115.0
                                                  $2,208.9          $1,797.5



    Autodesk, Inc.
    Condensed Consolidated Statements of Cash Flows
    (In millions)
                                                        Fiscal Year Ended
                                                           January 31,
                                                     2008              2007
                                                 (Unaudited)        (Audited)

    Operating Activities
      Net income                                    $356.2            $289.7
      Adjustments to reconcile net income
       to net cash provided by operating
       activities:
           Charge for acquired in-process
            research and development                   5.5                 -
           Depreciation and amortization              61.3              53.5
           Stock-based compensation
            expense                                   99.3              94.3
           Tax benefits from employee
            stock plans                                  -               5.1
           Restructuring related charges,
            net                                          -               1.1
           Changes in operating assets
            and liabilities,
            net of business combinations             186.2             132.9
    Net cash provided by operating
     activities                                      708.5             576.6

    Investing Activities
      Purchases of available-for-sale
       marketable securities                        (727.0)           (345.0)
      Sales and maturities of available-
       for-sale marketable securities                799.1             325.2
      Business combinations, net of cash
       acquired                                     (114.5)            (52.5)
      Acquisition of equity investment                  -              (12.5)
      Capital and other expenditures                 (43.3)            (35.3)
      Other investing activities                         -               2.3
    Net cash used in investing activities            (85.7)           (117.8)

    Financing activities
      Proceeds from issuance of common
       stock, net of issuance costs                  187.3              74.2
      Repurchases of common stock                   (563.0)           (154.4)
    Net cash used in financing activities           (375.7)            (80.2)

    Effect of exchange rate changes on
     cash and cash equivalents                         4.9               0.1

    Net increase in cash and cash
     equivalents                                     252.0             378.7
    Cash and cash equivalents at
     beginning of year                               665.9             287.2
    Cash and cash equivalents at end of
     period                                         $917.9            $665.9



    Autodesk, Inc.
    Reconciliation of GAAP financial measures to non-GAAP financial measures
    (In millions, except per share data)

    To supplement our consolidated financial statements presented on a GAAP
    basis, Autodesk provides investors with certain non-GAAP measures
    including non-GAAP net income, non-GAAP net income per share, non-GAAP
    cost of license and other revenues, non-GAAP gross margin, non-GAAP
    operating expenses, non-GAAP income from operations, non-GAAP interest and
    other income, net and non-GAAP provision for income taxes.  These non-GAAP
    financial measures are adjusted to exclude certain costs, expenses, gains
    and losses, including stock-based compensation expense, employee tax
    reimbursements related to our stock option review, litigation expenses,
    in-process research and development expenses, restructuring expenses,
    amortization of purchased intangibles, investment impairment and income
    tax expenses.  See our reconciliation of GAAP financial measures to non-
    GAAP financial measures herein.  We believe these exclusions are
    appropriate to enhance an overall understanding of our past financial
    performance and also our prospects for the future, as well as to
    facilitate comparisons with our historical operating results.  These
    adjustments to our GAAP results are made with the intent of providing both
    management and investors a more complete understanding of Autodesk's
    underlying operational results and trends and our marketplace performance.
    For example, the non-GAAP results are an indication of our baseline
    performance before gains, losses or other charges that are considered by
    management to be outside our core operating results.  In addition, these
    non-GAAP financial measures are among the primary indicators management
    uses as a basis for our planning and forecasting of future periods.

    There are limitations in using non-GAAP financial measures because the
    non-GAAP financial measures are not prepared in accordance with generally
    accepted accounting principles and may be different from non-GAAP
    financial measures used by other companies.  The non-GAAP financial
    measures are limited in value because they exclude certain items that may
    have a material impact upon our reported financial results.  The
    presentation of this additional information is not meant to
    be considered in isolation or as a substitute for the directly comparable
    financial measures prepared in accordance with generally accepted
    accounting principles in the United States.  Investors should review the
    reconciliation of the non-GAAP financial measures to their most directly
    comparable GAAP financial measures as provided in the tables accompanying
    this press release.

    The following table shows Autodesk's non-GAAP results reconciled to GAAP
    results included in this release.

                                             Three Months       Fiscal Year
                                                Ended              Ended
                                              January 31,       January 31,
                                             2008    2007      2008      2007
                                             (Unaudited)        (Unaudited)

    GAAP cost of license and other
     revenues                               $48.6   $52.3    $198.3    $207.9
    SFAS 123R stock-based compensation
     expense                                 (1.2)   (1.3)     (5.0)     (5.5)
    Employee tax reimbursements related to
     stock option review                     (0.1)      -      (1.2)        -
    Amortization of developed technology     (3.4)   (2.1)    (10.7)     (6.9)
    Non-GAAP cost of license and other
     revenues                               $43.9   $48.9    $181.4    $195.5

    GAAP gross margin                      $548.3  $442.8  $1,965.0  $1,623.2
    SFAS 123R stock-based compensation
     expense                                  1.2     1.3       5.0       5.5
    Employee tax reimbursements related to
     stock option review                      0.1       -       1.2         -
    Amortization of developed technology      3.4     2.1      10.7       6.9
    Non-GAAP gross margin                  $553.0  $446.2  $1,981.9  $1,635.6

    GAAP marketing and sales               $242.5  $181.1    $842.7    $696.1
    SFAS 123R stock-based compensation
     expense                                (11.8)   (7.9)    (43.1)    (41.9)
    Employee tax reimbursements related to
     stock option review                     (0.6)      -      (5.4)        -
    Non-GAAP marketing and sales           $230.1  $173.2    $794.2    $654.2

    GAAP research and development          $132.5  $100.0    $485.3    $406.3
    SFAS 123R stock-based compensation
     expense                                 (8.5)   (5.0)    (32.4)    (30.0)
    Employee tax reimbursements related to
     stock option review                     (0.8)      -      (5.2)        -
    In-process research and development      (1.9)      -      (5.5)        -
    Non-GAAP research and development      $121.3   $95.0    $442.2    $376.3

    GAAP general and administrative         $49.2   $42.0    $191.4    $171.1
    SFAS 123R stock-based compensation
     expense                                 (4.7)   (3.6)    (18.8)    (16.9)
    Employee tax reimbursements related to
     stock option review                     (0.3)      -      (2.0)        -
    Litigation accrual                          -       -         -      (5.0)
    Amortization of customer relationships
     and trademarks                          (3.2)   (2.0)     (9.4)     (7.5)
    Non-GAAP general and administrative     $41.0   $36.4    $161.2    $141.7

    GAAP operating expenses                $424.2  $323.1  $1,519.4  $1,273.5
    SFAS 123R stock-based compensation
     expense                                (25.0)  (16.5)    (94.3)    (88.8)
    Employee tax reimbursements related to
     stock option review                     (1.7)      -     (12.6)
    Litigation accrual                          -       -         -      (5.0)
    Amortization of customer relationships
     and trademarks                          (3.2)   (2.0)     (9.4)     (7.5)
    In-process research and development      (1.9)      -      (5.5)        -
    Non-GAAP operating expenses            $392.4  $304.6  $1,397.6  $1,172.2

    GAAP income from operations            $124.1  $119.7    $445.6    $349.7
    SFAS 123R stock-based compensation
     expense                                 26.2    17.8      99.3      94.3
    Employee tax reimbursements related to
     stock option review                      1.8       -      13.8         -
    Litigation accrual                          -       -         -       5.0
    Amortization of developed technology      3.4     2.1      10.7       6.9
    Amortization of customer relationships
     and trademarks                           3.2     2.0       9.4       7.5
    In-process research and development       1.9       -       5.5         -
    Non-GAAP income from operations        $160.6  $141.6    $584.3    $463.4

    GAAP interest and other income, net      $6.8    $4.5     $24.4     $16.8
    Investment impairment                       -       -       4.0         -
    Non-GAAP interest and other income,
     net                                     $6.8    $4.5     $28.4     $16.8

    GAAP provision for income taxes        $(34.4) $(27.8)  $(113.8)   $(76.8)
    Income tax effect on difference
     between GAAP and non-GAAP total costs
     and expenses at a normalized rate       (8.8)   (5.5)    (42.4)    (28.7)
    Non-GAAP provision for income taxes    $(43.2) $(33.3)  $(156.2)  $(105.5)

    GAAP net income                         $96.5   $96.4    $356.2    $289.7
    SFAS 123R stock-based compensation
     expense                                 26.2    17.8      99.3      94.3
    Employee tax reimbursements related to
     stock option review                      1.8       -      13.8         -
    Investment impairment                       -       -       4.0         -
    Litigation accrual                          -       -         -       5.0
    Amortization of developed technology      3.4     2.1      10.7       6.9
    Amortization of customer relationships
     and trademarks                           3.2     2.0       9.4       7.5
    In-process research and development       1.9       -       5.5         -
    Income tax effect on difference
     between GAAP and non-GAAP total costs
     and expenses at a normalized rate       (8.8)   (5.5)    (42.4)    (28.7)
    Non-GAAP net income                    $124.2  $112.8    $456.5    $374.7

    GAAP diluted net income per share       $0.40   $0.40     $1.47     $1.19
    SFAS 123R stock-based compensation
     expense                                 0.11    0.07      0.41      0.38
    Employee tax reimbursements related to
     stock option review                     0.01       -      0.06         -
    Investment impairment                       -       -      0.02         -
    Litigation accrual                          -       -         -      0.02
    Amortization of developed technology     0.01    0.01      0.04      0.03
    Amortization of customer relationships
     and trademarks                          0.02       -      0.04      0.03
    In-process research and development      0.01       -      0.02         -
    Income tax effect on difference
     between GAAP and non-GAAP total costs
     and expenses at a normalized rate      (0.04)  (0.02)    (0.18)    (0.12)
    Non-GAAP diluted net income per share   $0.52   $0.46     $1.88     $1.53

    GAAP diluted shares used in per share
     calculation                            239.4   243.9     242.0     243.2
    Impact of SFAS 123R on diluted shares     1.0     1.5       1.2       1.6
    Non-GAAP diluted shares used in per
     share calculation                      240.4   245.4     243.2     244.8



                    Other Supplemental Financial Information (6)

    Fiscal Year 2008          QTR 1     QTR 2     QTR 3     QTR 4   YTD 2008
    Financial Statistics
     (in millions, except
     per share data):
    Total net revenues         $508      $526      $538      $599    $2,172
         License and other
          revenues             $383      $394      $396      $446    $1,619
         Maintenance
          revenues             $125      $132      $143      $153      $553

    Gross Margin - GAAP          90%       90%       90%       92%       90%
    Gross Margin - Non-GAAP      90%       91%       91%       92%       91%

    GAAP Operating Expenses    $355      $359      $381      $424    $1,519
    GAAP Operating Margin        20%       22%       20%       21%       21%
    GAAP Net Income             $83       $92       $85       $96      $356
    GAAP Diluted Net Income
     Per Share                $0.34     $0.38     $0.35     $0.40     $1.47

    Non-GAAP Operating
     Expenses  (1)(2)          $328      $336      $341      $393    $1,398
    Non-GAAP Operating
     Margin  (1)(3)              26%       27%       28%       27%       27%
    Non-GAAP Net Income
     (1)(4)                    $107      $108      $117      $124      $456
    Non-GAAP Diluted Net
    Income Per Share
     (1)(5)                   $0.44     $0.44     $0.49     $0.52     $1.88

    Total Cash and
     Marketable Securities     $964      $827      $873      $958      $958
    Days Sales Outstanding       47        48        51        59        59
    Capital Expenditures         $7       $11       $11       $14       $43
    Cash from Operations       $192      $136      $161      $219      $708
    GAAP Depreciation and
     Amortization               $14       $15       $15       $17       $61

    Revenue by Geography
     (in millions):
    Americas                   $185      $195      $218      $206      $804
    Europe                     $206      $204      $203      $262      $875
    Asia/Pacific               $117      $127      $118      $131      $493

    Revenue by Division
     (in millions):
    Design Solutions Segment   $445      $459      $468      $523    $1,895
         Platform Solutions
          and Emerging Business
          Division             $251      $241      $242      $263      $997
         Architecture,
          Engineering and
          Construction
          Division             $100      $119      $124      $137      $480
         Manufacturing
          Solutions
          Division              $94       $99      $102      $123      $418

    Media and Entertainment
     Segment                    $59       $62       $67       $71      $259

    Other                        $4        $5        $4        $5       $18

    Other Revenue
     Statistics:
    % of Total Rev from
    AutoCAD, AutoCAD
     upgrades and AutoCAD LT     43%       38%       37%       37%       38%
    % of Total Rev from 3D
     design products             21%       23%       24%       24%       23%
    % of Total Rev from
     Emerging Economies          14%       15%       17%       19%       17%
    Upgrade Revenue (in
     millions)                  $71       $46       $43       $50      $210

    Deferred Maintenance
     Revenue (in millions):
    Deferred Maintenance
     Revenue Balance           $343      $356      $366      $434      $434

    Favorable (Unfavorable) Impact of
     U.S. Dollar Translation Relative
     to Foreign Currencies Compared to
     Comparable Prior Year Period
     (in millions):
    FX Impact on Total Net
     Revenues                   $19       $12       $16       $25       $72
    FX Impact on Total
     Operating Expenses         $(5)      $(5)      $(5)      $(9)     $(24)
    FX Impact on Total Net
     Income                     $14        $7       $11       $16       $48

    Operating Income (Loss)
     by Segment (in millions):
    Design Solutions           $190      $198      $207      $219      $814
    Media and Entertainment     $21       $22       $24       $24       $91
    Unallocated amounts       $(109)    $(106)    $(125)    $(119)    $(459)

    Common Stock Statistics:
    GAAP Shares
     Outstand-
     ing       231,166,000  229,331,000  230,416,000  230,013,000  230,013,000
    GAAP Fully
     Diluted
     Shares
     Outstand-
     ing       243,848,000  242,986,000  239,908,000  239,400,000  242,014,000

    Shares
     Repurchased         -    7,062,000    3,001,000    2,064,000   12,127,000

    Installed Base
     Statistics:
    Total AutoCAD-
     based Installed
     Base        4,162,000    4,213,000    4,268,000    4,329,000    4,329,000

    Stand-alone AutoCAD                                              2,857,000
    AutoCAD Mechanical                                                 237,000
    AutoCAD Map 3D                                                     264,000
    AutoCAD Architecture                                               539,000

    AutoCAD LT Installed                                             3,680,000
     Base
    Total
     Inventor
     Installed
     Base          699,000      722,000      747,000      775,000      775,000
    Total
     Subscription
     Installed
     Base        1,295,000    1,329,000    1,387,000    1,481,000    1,481,000



    (1) To supplement our consolidated financial statements presented on a
        GAAP basis, Autodesk provides investors with certain non-GAAP measures
        including non-GAAP net income, non-GAAP net income per share, non-GAAP
        cost of license and other revenues, non-GAAP gross margin, non-GAAP
        operating expenses, non-GAAP income from operations, non-GAAP interest
        and other income, net and non-GAAP provision for income taxes.  These
        non-GAAP financial measures are adjusted to exclude certain costs,
        expenses, gains and losses, including stock-based compensation
        expense, employee tax reimbursements related to our stock option
        review, litigation expenses, in-process research and development
        expenses, restructuring expenses, amortization of purchased
        intangibles, investment impairment and income tax expenses.  See our
        reconciliation of GAAP financial measures to non-GAAP financial
        measures herein.  We believe these exclusions are appropriate to
        enhance an overall understanding of our past financial
        performance and also our prospects for the future, as well as to
        facilitate comparisons with our historical operating results.
        These adjustments to our GAAP results are made with the intent of
        providing both management and investors a more complete understanding
        of Autodesk's underlying operational results and trends and our
        marketplace performance.  For example, the non-GAAP results are an
        indication of our baseline performance before gains, losses or other
        charges that are considered by management to be outside our core
        operating results.  In addition, these non-GAAP financial measures are
        among the primary indicators management uses as a basis for our
        planning and forecasting of future periods.

        There are limitations in using non-GAAP financial measures because the
        non-GAAP financial measures are not prepared in accordance with
        generally accepted accounting principles and may be different from
        non-GAAP financial measures used by other companies.  The non-GAAP
        financial measures are limited in value because they exclude certain
        items that may have a material impact upon our reported financial
        results.  The presentation of this additional information is not meant
        to be considered in isolation or as a substitute for the directly
        comparable financial measures prepared in accordance with generally
        accepted accounting principles in the United States.  Investors should
        review the reconciliation of the non-GAAP financial measures to their
        most directly comparable GAAP financial measures as provided in the
        tables accompanying this press release.

    Fiscal Year 2008          QTR 1     QTR 2     QTR 3     QTR 4   YTD 2008

    (2) GAAP Operating
         Expenses              $355      $359      $381      $424     $1,519
        Stock-based
         compensation
         expense                (14)      (20)      (35)      (25)       (94)
        Employee tax
         reimbursement
         related to
         stock option
         review                 (11)        -         -        (2)      (13)
        Amortization of
         customer
         relationships
         and trademarks          (2)       (2)       (2)       (3)       (9)
        In-process research
         and development          -        (1)       (3)       (2)       (6)
        Non-GAAP Operating
         Expenses              $328      $336      $341      $392    $1,397

    (3) GAAP Operating
         Margin                  20%       22%       20%       21%       21%
        Stock-based
         compensation
         expense                  3%        4%        7%        4%        4%
        Employee tax
         reimbursement
         related to
         stock option
         review                   2%        0%        0%        0%        1%
        Amortization of
         developed
         technology               1%        0%        1%        1%        1%
        Amortization of
         customer
         relationships
         and trademarks           0%        1%        0%        1%        0%
        In-process research
         and development          0%        0%        1%        0%        0%
        Non-GAAP Operating
         Margin                  26%       27%       28%       27%       27%

    (4) GAAP Net Income         $83       $92       $85       $96      $356
        Stock-based
         compensation
         expense                 15        21        37        26        99
        Employee tax
         reimbursement
         related to
         stock option
         review                  12         -         -         2        14
        Investment
         impairment               -         -         4         -         4
        Amortization of
         developed
         technology               2         2         3         4        11
        Amortization of
         customer
         relationships
         and trademarks           2         2         2         3         9
        In-process research
         and development          -         1         3         2         6
        Income tax effect
         on difference
         between GAAP and
         non-GAAP total
         costs and expenses
         at a normalized
         rate                    (7)      (10)      (17)       (9)      (43)
        Non-GAAP Net Income    $107      $108      $117      $124      $456

    (5) GAAP Diluted Net
         Income Per Share     $0.34     $0.38     $0.35     $0.40     $1.47
        Stock-based
         compensation
         expense               0.06      0.09      0.16      0.11      0.41
        Employee tax
         reimbursement
         related to
         stock option
         review                0.05         -         -      0.01      0.06
        Investment
         impairment               -         -      0.02         -      0.02
        Amortization of
         developed
         technology            0.01      0.01      0.01      0.01      0.04
        Amortization of
         customer
         relationships
         and trademarks        0.01         -      0.01      0.02      0.04
        In-process research
         and development          -         -      0.01      0.01      0.02
        Income tax effect
         on difference
         between GAAP and
         non-GAAP total
         costs and expenses
         at a normalized
         rate                 (0.03)    (0.04)    (0.07)    (0.04)    (0.18)
        Non-GAAP Diluted
        Net Income Per
         Share                $0.44     $0.44     $0.49     $0.52     $1.88

    (6) Totals may not agree with the sum of the components due to rounding.

SOURCE Autodesk, Inc.

CONTACT:
Investors, David Gennarelli,
+1-415-507-6033,
david.gennarelli@autodesk.com,
or
Katie Blanchard,
+1-415-507-6034,
katherine.blanchard@autodesk.com,
or
Press, Pam Pollace,
+1-415-547-2441,
pam.pollace@autodesk.com,
Caroline Kawashima,
+1-415-547-2498,
caroline.kawashima@autodesk.com,
all of Autodesk, Inc./

Web site: http://www.autodesk.com