Autodesk acquires Moldflow | Automation.com

Autodesk acquires Moldflow

June 26, 2008 - Autodesk completed its acquisition of Moldflow Corporation. Moldflow is a leading provider of software solutions that allow designers to predict and optimize how plastic components will perform during each phase of the design and manufacture process. Autodesk announced its intent to acquire Moldflow on May 1, 2008.

"Autodesk sees plastics and composites as some of the fastest-growing engineering materials," said Carl Bass, Autodesk president and CEO. "Given its relatively low weight and durability, plastic materials are ideally suited to help our customers attain their sustainability initiatives. Moldflow, with its industry-leading plastics simulation, is a natural extension of Autodesk's Digital Prototyping solution."

Autodesk acquired Moldflow for $22 per share, or approximately $297 million, less the amount in Moldflow's cash balance and proceeds from options exercises.

Business Outlook
Autodesk updated its financial guidance to reflect the anticipated effects of the acquisition of Moldflow. The following statements are forward-looking statements which are based on current expectations and which involve risks and uncertainties some of which are set forth below.

Second Quarter Fiscal 2009
Net revenue for the second quarter of fiscal 2009 is still expected to be in the range of $600 million and $610 million. GAAP earnings per diluted share are now expected to be in the range of $0.34 and $0.36. Non-GAAP earnings per diluted share are now expected to be in the range of $0.50 and $0.52 and exclude $0.07 related to stock-based compensation expense, and $0.09 for the amortization of acquisition related intangibles and in-process research and development.

Third Quarter Fiscal 2009
Net revenue for the third quarter of fiscal 2009 is now expected to be in the range of $615 million and $630 million. GAAP earnings per diluted share are now expected to be in the range of $0.41 and $0.43. Non-GAAP earnings per diluted share are now expected to be in the range of $0.53 and $0.55 and exclude $0.07 related to stock-based compensation expense and $0.05 for the amortization of acquisition related intangibles.

Full Year Fiscal 2009
For fiscal year 2009, net revenue is now expected to be in the range of $2.48 billion and $2.53 billion. Full year GAAP earnings per diluted share are now expected to be in the range of $1.72 and $1.82. Non-GAAP earnings per diluted share are still expected to be in the range of $2.20 and $2.30 and exclude $0.30 related to stock-based compensation expense, and $0.18 for the amortization of acquisition related intangibles and in-process research and development.

About Autodesk
Autodesk, Inc. is the world leader in 2D and 3D design software for the manufacturing, building and construction, and media and entertainment markets. Since its introduction of AutoCAD software in 1982, Autodesk has developed the broadest portfolio of state-of-the-art digital prototyping solutions to help customers experience their ideas before they are real.

Fortune 1000 companies rely on Autodesk for the tools to visualize, simulate and analyze real-world performance early in the design process to save time and money, enhance quality and foster innovation.
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