Autodesk posts first-quarter loss, pl...

Autodesk posts first-quarter loss, plans job cuts

There are 2 comments on the Marin Independent Journal story from May 21, 2009, titled Autodesk posts first-quarter loss, plans job cuts. In it, Marin Independent Journal reports that:

San Rafael-based Autodesk Inc. posted a net loss for its fiscal first quarter Thursday, hurt by a sharp revenue drop, restructuring charges and more, and announced plans to cut about 430 jobs worldwide and close some facilities.

Join the discussion below, or Read more at Marin Independent Journal.

11 per cent unemployment

Lucerne, CA

#1 May 22, 2009
The post office has even cut 25,000 employees over the last 12 months & expects to cut up to 150,000 employees over the near term.
My neighbor just purchased his house last year when "things hit bottom" ..... and he already has lost $180,000 in fallen equity. AND... the bottom isn't here, yet, obviously.

Since: Apr 09

Marin County, CA

#2 May 22, 2009
What a downer headline for a release that was great news and which ran the stock up in the market. The key figures--adjusted revenue was 18 cps, compared with expectations of 8 cps, are buried and not further written about at all. The last graph even mentions the stock surge, but no effort is made to explain it or relate it to the numbers. And the headline writer just hit the "loss" and "job cuts" points--both fully expected and really just "old news". Groan.

Tell me when this thread is updated:

Subscribe Now Add to my Tracker

Add your comments below

Characters left: 4000

Please note by submitting this form you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

Autodesk Discussions

Title Updated Last By Comments
News AutoCAD 2016 Helps Design Every Detail With Ric... (Apr '15) Apr '15 Markic 1
News Gridscape Series by Coastal Shower Doors Ranks ... (Oct '14) Dec '14 Debra Colon 3
Create indent in sheet metal (Jul '06) Aug '14 Hydrocal 3
News Maker Faire Bay Area 2013 Speaker Line Up to Fe... (May '13) May '13 RaspberryPI 1
News Earnings Preview: Adobe Systems Reports Q3 Earn... (Sep '12) Sep '12 andreaa 1
News Splunk Rises on Narrower Loss Than Expected; Fo... (Sep '12) Sep '12 NIKE FU 1
News Profit falls 9.3% at Autodesk; staff cuts planned (Aug '12) Aug '12 no suprise 2
More from around the web