Autodesk, Inc. (
ADSK)
Q1 2010 Earnings Call Transcript
May 21, 2009 5:00 p.m. ET
Executives
David Gennarelli - Director of Investor Relations
Carl Bass - President, Chief Executive Officer, & Director
Mark J. Hawkins - Chief Financial Officer & Executive Vice President
Analysts
Ross MacMillan – Jefferies & Co.
Heather Bellini - UBS
Michael Olson - Piper Jaffray & Co.
Blair Abernethy - Thomas Weisel Partners
Steven Koenig - KeyBanc Capital Markets
Richard Davis - Needham & Company
Brent Thill - Citigroup
Greg Dunham - Deutsche Bank
Dennis - Credit Suisse
Jack Miller - Robert W. Baird & Co.
Israel Hernandez - Barclays Capital
Keith White - Morgan Stanley
Sterling Auty - JPMorgan
Dan Cummings - Lime Rock Research
Presentation
Operator
Good day, ladies and gentlemen, and welcome to the first quarter fiscal 2010 Autodesk Incorporated earnings conference call. My name is Louisa and I will be your operator for today. At this time, all participants are in listen-only mode. We will conduct a question-and-answer session towards the end of this conference. You may queue up in advance by pressing “*1”. And if at any time during the call you require assistance, please press “*0” and an operator will be happy to assist you. I would now like to turn the call over to Mr. Dave Gennarelli. Please proceed, sir.
David Gennarelli
Thanks, operator. Good afternoon. Thank you for joining our conference call to discuss our first quarter fiscal 2010. With me today are Carl Bass, our Chief Executive Officer; Mark Hawkins, our CFO; and Sue Pirri, Vice President of Finance.
Today’s conference call is being broadcast live via webcast. In addition, a replay of the call will be available at Autodesk.com/investor.
As noted in our press release, we have published our prepared remarks on our website in advance of this call. Those remarks are intended to replace extended formal comments and we will not repeat them on this call.
During the course of this conference call, we will make forward-looking statements regarding future events and the future performance of the company, such as our guidance for the second quarter of fiscal 2010, the factors we used to estimate our guidance, our future business prospects and financial results, our market opportunities and strategies, trends for our products and trends in various geographies, and the anticipated benefits of acquisitions and cost savings initiatives.
We caution you that such statements reflect our best judgment based on factors currently known to us and that actual events or results could differ materially. Please refer to the documents we file from time to time with the SEC, specifically our Form 10-K for fiscal year 2009 and our periodic 8-K filings, including the 8-K filed with today’s press release and prepared remarks. These documents contain and identify important risks and other factors that may cause our actual results to differ from those contained in our forward-looking statements.
Forward-looking statements made during the call are being made as of today. If this call is replayed or reviewed after today, the information presented during the call may not contain current or accurate information. Autodesk disclaims any obligation to update or revise any forward-looking statements.
We will provide guidance on today’s call but will not provide any further guidance or updates on our performance during the quarter unless we do so in a public forum.
During the call, we will discuss non-GAAP financial measures. These non-GAAP measures are not prepared in accordance with generally accepted accounting principles. A reconciliation of the GAAP and non-GAAP results is provided in today’s press release and prepared remarks, and on our website at Autodesk.com/investors.
And now I would like to turn the call over to Carl Bass.
Carl Bass
Thank you. Good afternoon, everybody. We are going to try a new format for the earnings process this quarter that we hope works for you. The intent is to give you a detailed review of the quarter in prepared remarks that we will post on our IR website. You will, however, miss out on my dramatic reading of the script but we hope that this approach provides you with more time to review the information and allows us to spend the time more wisely really doing question-and-answers.
