SAN RAFAEL, Calif., Dec 10, 2004 (PRNewswire-FirstCall via COMTEX) -- Autodesk Inc. today announced that its Board of Directors has approved the repurchase of up to an additional 24 million shares of the company's common stock. The primary purpose of the increase is to offset the dilutive impact of employee stock option grants.

On November 18, 2004, the company announced a 2-for-1 stock split on its common stock. All share and per share amounts reflect this stock split which is payable December 20, 2004 to those who were shareholders of record at the close of business on December 6, 2004.

Combined with prior remaining approvals, Autodesk currently has Board authorization to repurchase up to a total of 34 million shares. In the first three quarters of fiscal 2005, Autodesk repurchased 21.7 million shares of its common stock at an average price of $18.42 per share.

About Autodesk

Autodesk, Inc. is wholly focused on ensuring that great ideas are turned into reality. With six million users, Autodesk is the world's leading software and services company for the building, manufacturing, infrastructure, digital media, and wireless data services fields. Autodesk's solutions help customers create, manage, and share their data and digital assets more effectively. As a result, customers turn ideas into competitive advantage by becoming more productive, streamlining project efficiency, and maximizing profits. Founded in 1982, Autodesk is headquartered in San Rafael, California. For additional information about Autodesk, please visit http://www.autodesk.com/.

CONTACT:
Investors: Sue Pirri, sue.pirri@autodesk.com, 415-507-6467
John Clancy, john.clancy@autodesk.com 415-507-6373

Media: Kathleen O'Boyle, kathleen.oboyle@autodesk.com, 415-507-6465
Nicole Pack, nicole.pack@autodesk.com, 415-507-6282

SOURCE Autodesk Inc.

investors, Sue Pirri, +1-415-507-6467, or sue.pirri@autodesk.com , or John Clancy, +1-415-507-6373, or john.clancy@autodesk.com , or media, Kathleen O'Boyle, +1-415-507-6465, or kathleen.oboyle@autodesk.com , or Nicole Pack, +1-415-507-6282, or nicole.pack@autodesk.com , all of Autodesk Inc.

http://www.autodesk.com