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Earnings Roundup: Autodesk delivers in 2Q

Software developer Autodesk beat the Street estimate by 2 cents a share in its second quarter, earning $25.3 million, or 43 cents a share, on sales of $226.3 million.

First Call Corp. consensus expected it to earn 41 cents a share in the quarter.

Autodesk (Nasdaq: ADSK) shares fell 1 to 23 15/16 ahead of the earnings report.

The $226.3 million in sales marks a 12 percent improvement from the year-ago quarter when it pocketed $5.7 million, or 9 cents a share, on sales of $202.9 million.

"Our second quarter was about execution on our strategy," said CEO Carol Bartz in a prepared release. "Our business units delivered on all fronts -- from shipping new products that facilitate our customers' e-business evolution to closing significant deals with customer solutions that span our product families."

Last quarter, Autodesk hurdled analysts' estimates when it posted a profit of $30.2 million, or 48 cents a share, on sales of $223.2 million.

Its shares hustled up to a 52-week high of 56 1/16 in March after falling to a low of 17 in October.

First Call Corp. consensus expects it to earn $1.85 a share in the fiscal year.

Seven of the 10 analysts following the stock rate it a "buy."

Among other technology companies reporting earnings Thursday:

  • NeoMagic (Nasdaq: NMGC) posted a second-quarter profit of $2.7 million, or 10 cents a share, on sales of $31.9 million.

    There was no First Call Corp. consensus estimate for NeoMagic this quarter.

    In the year-ago quarter, NeoMagic raked in $2.5 million, or 10 cents a share, on sales of $60.3 million.

    "Our second fiscal quarter came in a little better than we had anticipated, as we reached agreement with our major customers on their end-of-life requirements for our existing products," said CEO Prakash Agarwal in a prepared release.

    Its shares closed off 1/16 to 3 1/4.

  • divine interVentures (Nasdaq: DVIN) posted a second-quarter loss of $75.4 million, or 91 cents a share, on sales of $12 million, its first as a public traded company.

    There was no First Call Corp. estimate in the quarter.

    Its shares closed up 17/32 to 7 1/2 ahead of the earnings report.

    In the year-ago quarter, the Internet incubator recorded a loss of $44.2 million, or 96 cents a share, on sales of $5.2 million.

    "In just over one year, we've developed a business model that offers distinct advantages to the entrepreneurial leaders of our associated companies versus the traditional venture capital model," said CEO Andrew Filipowski in a prepared release.

    Its shares moved up to a high of 12 7/16 shortly after its initial public offering in July before falling to a low of 6 3/8 earlier this month.

  • Open Text (Nasdaq: OTEX) easily beat the consensus forecast in the fourth quarter.

    The provider of software for collaboration, scheduling and information management reported fiscal fourth quarter earnings of $3.6 million, or 16 cents per share, excluding amortization and one-time events. Including all items, Open Text earned $2.2 million, or 10 cents per share.

    First Call's survey of six analysts predicted a profit of 5 cents per share for the quarter ended June 30.

    Fourth quarter revenue increased to $32.3 million, up 14 percent sequentially. License revenue rose to $17.9 million, up 27 percent from the third quarter.

    For the full fiscal 2000, Open Text earned $25.1 million, or $1.03 per share, on revenue of $112.9 million.

  • Serena Software (Nasdaq: SRNA) earned more than analysts expected in the second quarter.

    The provider of business software and services reported fiscal second quarter net income of $7.1 million, or 18 cents per share, excluding amortization and one-time charges. First Call consensus predicted a profit of 14 cents per share.

    Including all items, Serena earned $5.9 million, or 15 cents per share.

    Second revenue of $25.2 million was up 42 percent from the comparable period a year earlier. License revenue increased 49 percent year-over-year to $14.3 million. Maintenance revenue rose 47 percent to $9.1 million.

  • Agile Software (Nasdaq: AGIL) topped analyst forecasts in the first quarter.

    The business software vendor posted a fiscal first quarter loss of $1.5 million, or 3 cents per share, excluding special charges. First Call consensus predicted a loss of 4 cents per share for the quarter ended July 31.

    Including amortization costs, Agile lost $14.9 million, or 33 cents per share.

    First quarter revenue increased 168 percent year-over-year to $15.8 million.