SAN RAFAEL, Calif., May 6, 2002 (BUSINESS WIRE) -- Autodesk, Inc. (Nasdaq:ADSK), the world's leading design software and digital content company, today announced preliminary financial results for its first quarter ended April 30, 2002. Based on current information, we expect net revenues to be in the range of $227 to $229 million. Pro forma earnings are expected to be in the range of $0.14 to $0.16 per diluted share, on a post stock split basis. Pro forma earnings exclude restructuring charges and amortization of intangibles. We estimate restructuring charges due to facilities reductions of approximately $1.5 million and amortization of intangibles of $200,000 for the quarter to lower our actual reported earnings by about $0.01 per diluted share.

"The difficult economic climate affected our business more than we anticipated late in our April quarter," said Carol Bartz, Autodesk chairman and CEO. "Our business in Asia fell below our expectations and Discreet continued to experience selling pressure. Despite the shortfall, we remain confident in our strategy to help customers gain greater value from digital design data and look forward to providing more details on our results call."

These preliminary results are based on management's initial analysis of operating results. Autodesk will announce final first quarter financial results on a conference call Thursday, May 16, 2002 at 2:00 p.m. Pacific time. The call is accessible live through an audio webcast at www.autodesk.com/investor or via phone at 800/369-1720. The audio replay will be archived on the website until June 1, 2002.

This release contains forward-looking statements about our expected net revenues and earnings for the first quarter of fiscal year 2003. These statements are subject to uncertainties, including potential discrepancies between managements' initial analysis and the final operating results for the first quarter of fiscal 2003, which will be announced on May 16, 2002. Further risks and uncertainties in our business are detailed in Autodesk's SEC reports, including our Form 10-K Report for fiscal 2002.

About Autodesk

Founded in 1982, Autodesk, Inc., is the world's leading design and digital content company. The company serves a diverse portfolio of markets, including building design, geographic information systems, manufacturing, digital media, and wireless data services. By delivering tools that foster innovation and creativity, Autodesk helps customers throughout the value chain leverage digital design data to work better, faster, and smarter. For more information about the company, see http://www.autodesk.com.

Note to Editors: Autodesk and Discreet are either registered trademarks or trademarks of Autodesk, Inc., in the USA and/or other countries. All other brand names, product names, or trademarks belong to their respective holder.

CONTACT: Autodesk, Inc. Misty Ohmart, 415/507-6208 (Investors) misty.Ohmart@autodesk.com Stacy Katz, 415/507-6270 (Media) stacy.katz@autodesk.com URL: http://www.businesswire.com Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page.

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