(ADSK) - Autodesk, Inc - emerging economies contributed robust growth in revenues

Autodesk has beaten earnings expectations in each of the last 14 quarters. Nine of the surprises have been over 10%. Year-over-year growth has been explosive over this time period. Three analysts have raised their estimates for both this year and next. 2007 estimates have increased eight cents to $1.29 per share over the past 90 days. Similarly, next year's estimates have risen 11 cents to $1.60 over that time period. Full Analysis Autodesk, Inc. (ADSK) operates as a design software and services company worldwide. Its solutions enable its customers to create, manage, and share their data and designs digitally. The company operates in two segments, Design Solutions and Media and Entertainment. The company reported third-quarter revenues of $457 million, an increase of 21% over the same period last year. Autodesk has delayed reporting earnings due to the options accounting issue that has affected many technology companies. However, the fundamentals of the company are quite strong. "Autodesk had a very solid quarter," said Carl Bass, Autodesk president and CEO. "Customers around the world increasingly recognize the innovation and productivity that Autodesk products provide. Customer adoption of Autodesk's industry-leading 3D products is increasing and customer demand for our 2D solutions remains very strong. Revenues from emerging economies increased to 15 percent of total revenue. Long term market trends favor Autodesk and we continue to gain share as we execute our key strategies." ADSK's performance was driven by strong increases in revenues from 3D products, products for the media and entertainment market and strong increases in revenue from AutoCAD new seats and subscriptions. In addition, total revenues from new seats, subscriptions and emerging economies showed strong growth. Once again, emerging economies contributed robust growth in revenues. Revenues from the emerging economies in Asia Pacific, Eastern Europe, Latin America and the Middle East increased 38% over the third quarter of fiscal 2006 and represented 15% of total revenues in the third quarter. Autodesk has beaten earnings expectations in each of the last 14 quarters. Nine of the surprises have been over 10%. Year-over-year growth has been explosive over this time period. Three analysts have raised their estimates for both this year and next. 2007 estimates have increased eight cents to $1.29 per share over the past 90 days. Similarly, next year's estimates have risen 11 cents to $1.60 over that time period. Content Courtesy: Zacks Investment Research #1 Ranked Stocks Highlight Archive To truly take advantage of the Zacks Rank, you need to first understand how it works. That is why we created the free special report: Zacks Rank Guide: Harnessing the Power of Earnings Estimate Revisions. | Blog Home| VitalStocks Home