Autodesk Reports Q1 Fiscal 2010 Financial Results

Autodesk and AutoCAD, are registered trademarks or trademarks of Autodesk, Inc., and/or its subsidiaries and/or affiliates in the USA and/or other countries. All other brand names, product names, or trademarks belong to their respective holders. Autodesk reserves the right to alter product offerings and specifications at any time without notice, and is not responsible for typographical or graphical errors that may appear in this document.

(C) 2009 Autodesk, Inc. All rights reserved.

    Autodesk, Inc.
    Consolidated Statements of Operations
    (In millions, except per share data)

                                              Three Months Ended
                                                  April 30,
                                                  ---------
                                              2009          2008
                                              ----          ----
                                                  (Unaudited)
    Net revenue:
       License and other                     $243.6        $432.2

       Maintenance                            182.2         166.6
                                              -----         -----

          Total net revenue                   425.8         598.8
                                              -----         -----

    Cost of license and other revenue          49.5          56.0

    Cost of maintenance revenue                 2.8           2.0
                                                ---           ---

       Total cost of revenue                   52.3          58.0

       Gross margin                           373.5         540.8

    Operating Expenses:

       Marketing and sales                    185.8         225.5

       Research and development               124.1         145.6

       General and administrative              45.5          49.8

       Impairment of goodwill                  21.0             -

       Restructuring charges                   16.5             -
                                               ----           ---

          Total operating expenses            392.9         420.9
                                              -----         -----

    Income (loss) from operations             (19.4)        119.9

    Interest and other income (expense), net      -           6.9
                                                ---           ---

    Income (loss) before income taxes         (19.4)        126.8

    Income tax (provision) benefit            (12.7)        (32.2)
                                               -----        -----

    Net income (loss)                        $(32.1)        $94.6
                                                             ======                  =====

        Basic  net  income  (loss)  per  share                $(0.14)                $0.42
                                                                                          ======                  =====

        Diluted  net  income  (loss)  per  share            $(0.14)                $0.41
                                                                                          ======                  =====

        Shares  used  in  computing  basic
                net  income  (loss)  per  share                      227.1                  226.2
                                                                                            =====                  =====

        Shares  used  in  computing  diluted
                net  income  (loss)  per  share                      227.1                  232.6
                                                                                            =====                  =====



        Autodesk,  Inc.
        Condensed  Consolidated  Balance  Sheets
        (In  millions)

                                                                                                                April  30,    January  31,
                                                                                                                      2009              2009
                                                                                                                      ----              ----
                                                                                                                (Unaudited)

        ASSETS:

        Current  assets:
            Cash  and  cash  equivalents                                                      $880.5              $917.6
            Marketable  securities                                                                  78.4                  63.5
            Accounts  receivable,  net                                                          228.6                316.5
            Deferred  income  taxes                                                                  47.0                  31.1
            Prepaid  expenses  and  other  current  assets                          67.7                  59.3
                                                                                                                        ----                  ----
        Total  current  assets                                                                  1,302.2            1,388.0
                                                                                                                  -------            -------

        Marketable  securities                                                                        7.6                    7.6
        Computer  equipment,  software,  furniture  and
          leasehold  improvements,  net                                                      120.7                120.6
        Purchased  technologies,  net                                                        105.0                113.3
        Goodwill                                                                                              520.7                542.5
        Deferred  income  taxes,  net                                                            88.3                125.7
        Other  assets                                                                                      125.0                123.0
                                                                                                                      -----                -----
                                                                                                                $2,269.5          $2,420.7
                                                                                                                ========          ========

        LIABILITIES  AND  STOCKHOLDERS'  EQUITY:

        Current  liabilities:
            Accounts  payable                                                                          $65.0                $62.4
            Accrued  compensation                                                                    83.9                124.3
            Accrued  income  taxes                                                                    19.1                  16.7
            Deferred  revenue                                                                          453.1                438.8
            Borrowings  under  line  of  credit                                                2.1                  52.1
            Other  accrued  liabilities                                                          58.6                105.8
                                                                                                                        ----                -----
        Total  current  liabilities                                                            681.8                800.1
                                                                                                                      -----                -----

        Deferred  revenue                                                                                80.9                113.3
        Long  term  income  taxes  payable                                                  120.5                116.9
        Long  term  deferred  income  taxes                                                        -                  22.7
        Other  liabilities                                                                              57.8                  57.0

        Commitments  and  contingencies

        Stockholders'  equity:
            Preferred  stock                                                                                    -                        -
            Common  stock  and  additional  paid-in  capital                1,128.8            1,080.4
            Accumulated  other  comprehensive  income  (loss)                  (9.7)              (11.2)
            Retained  earnings                                                                        209.4                241.5
                                                                                                                      -----                -----
        Total  stockholders'  equity                                                      1,328.5            1,310.7
                                                                                                                  -------            -------
                                                                                                                $2,269.5          $2,420.7
                                                                                                                ========          ========



        Autodesk,  Inc.
        Condensed  Consolidated  Statements  of  Cash  Flows
        (In  millions)
                                                                                                        Three  Months  Ended
                                                                                                                  April  30,
                                                                                                                  ---------
                                                                                                    2009                                2008
                                                                                                    ----                                ----
                                                                                                                (Unaudited)

        Operating  Activities
            Net  income  (loss)                                                  $(32.1)                            $94.6
            Adjustments  to  reconcile  net  income  to
              net  cash  provided  by  operating
              activities:
                      Depreciation  and  amortization                    27.0                                16.9
                      Stock-based  compensation  expense              23.0                                25.2
                      Impairment  of  goodwill                                  21.0                                      -
                      Loss  on  disposition  of  assets                      1.1                                      -
                      Restructuring  related  charges,  net          16.5                                      -
                      Changes  in  operating  assets  and
                        liabilities,  net  of  business
                        combinations                                                  (29.3)                              48.6
                                                                                                  -----                                ----
        Net  cash  provided  by  operating  activities          27.2                              185.3
                                                                                                    ----                              -----

        Investing  Activities
            Purchases  of  marketable  securities                  (26.6)                              (2.1)
            Sales  of  marketable  securities                            11.7                                  0.8
            Acquisition  of  equity  investment                      (10.0)                                0.2
            Business  combinations,  net  of  cash
              acquired                                                                            -                                (1.0)
            Capital  and  other  expenditures                          (13.6)                            (13.4)
                                                                                                  -----                              -----
        Net  cash  used  in  investing  activities                (38.5)                            (15.5)
                                                                                                  -----                              -----

        Financing  activities
            Proceeds  from  borrowings  on  line  of
              credit                                                                            2.2                                40.0
            Repayments  of  borrowings  on  line  of
              credit                                                                        (52.2)                                    -
            Proceeds  from  issuance  of  common  stock,
              net  of  issuance  costs                                            25.4                                35.3
            Repurchases  of  common  stock                                        -                            (256.6)
                                                                                                      ---                            ------
        Net  cash  used  in  financing  activities                (24.6)                          (181.3)
                                                                                                  -----                            ------

        Effect  of  exchange  rate  changes  on  cash
          and  cash  equivalents                                                  (1.2)                                2.7
                                                                                                    ----                                  ---

        Net  decrease  in  cash  and  cash  equivalents        (37.1)                              (8.8)
        Cash  and  cash  equivalents  at  beginning  of
          fiscal  year                                                                  917.6                              917.9
                                                                                                  -----                              -----
        Cash  and  cash  equivalents  at  end  of  period    $880.5                            $909.1
                                                                                                ======                            ======



        Autodesk,  Inc.
        Reconciliation  of  GAAP  financial  measures  to  non-GAAP  financial  measures
        (In  millions,  except  per  share  data)

        To  supplement  our  consolidated  financial  statements  presented  on  a  GAAP
        basis,  Autodesk  provides  investors  with  certain  non-GAAP  measures
        including  non-GAAP  net  income,  non-GAAP  net  income  per  share,  non-GAAP
        cost  of  license  and  other  revenue,  non-GAAP  gross  margin,  non-GAAP
        operating  expenses,  non-GAAP  income  from  operations,  non-GAAP  interest  and
        other  income,  net  and  non-GAAP  provision  for  income  taxes.    These  non-
        GAAP  financial  measures  are  adjusted  to  exclude  certain  costs,  expenses,
        gains  and  losses,  including  stock-based  compensation  expense,
        amortization  of  purchased  intangibles,  restructuring  charges,
        goodwill  impairment,  establishment  of  a  valuation  allowance  on  certain
        deferred  tax  assets  and  related  income  tax  expenses.    See  our
        reconciliation  of  GAAP  financial  measures  to  non-GAAP
        financial  measures  herein.    We  believe  these  exclusions  are  appropriate
        to  enhance  an  overall  understanding  of  our  past  financial  performance  and
        also  our  prospects  for  the  future,  as  well  as  to  facilitate  comparisons
        with  our  historical  operating  results.    These  adjustments  to  our  GAAP
        results  are  made  with  the  intent  of  providing  both  management  and
        investors  a  more  complete  understanding  of  Autodesk's  underlying
        operational  results  and  trends  and  our  marketplace  performance.    For
        example,  the  non-GAAP  results  are  an  indication  of  our  baseline
        performance  before  gains,  losses  or  other  charges  that  are  considered
        by  management  to  be  outside  our  core  operating  results.    In  addition,
        these  non-GAAP  financial  measures  are  among  the  primary  indicators
        management  uses  as  a  basis  for  our  planning  and  forecasting  of  future
        periods.

        There  are  limitations  in  using  non-GAAP  financial  measures  because  the
        non-GAAP  financial  measures  are  not  prepared  in  accordance  with  generally
        accepted  accounting  principles  and  may  be  different  from  non-GAAP
        financial  measures  used  by  other  companies.    The  non-GAAP  financial
        measures  are  limited  in  value  because  they  exclude  certain  items  that  may
        have  a  material  impact  upon  our  reported  financial  results.    The
        presentation  of  this  additional  information  is  not  meant  to  be  considered
        in  isolation  or  as  a  substitute  for  the  directly  comparable  financial
        measures  prepared  in  accordance  with  generally  accepted  accounting
        principles  in  the  United  States.    Investors  should  review  the
        reconciliation  of  the  non-GAAP  financial  measures  to  their  most  directly
        comparable  GAAP  financial  measures  as  provided  in  the  tables  accompanying
        this  press  release.

        The  following  table  shows  Autodesk's  non-GAAP  results  reconciled  to  GAAP
        results  included  in  this  release.

                                                                                                                      Three  Months  Ended
                                                                                                                                April  30,
                                                                                                                                ---------
                                                                                                                          2009              2008
                                                                                                                          ----              ----
                                                                                                                              (Unaudited)

        GAAP  cost  of  license  and  other  revenue                                      $49.5          $56.1
        SFAS  123R  stock-based  compensation  expense                                (0.6)          (1.0)
        Amortization  of  developed  technology                                            (8.3)          (3.6)
                                                                                                                            ----            ----
        Non-GAAP  cost  of  license  and  other  revenue                              $40.6          $51.5
                                                                                                                          =====          =====

        GAAP  gross  margin                                                                              $373.5        $540.7
        SFAS  123R  stock-based  compensation  expense                                  0.6              1.0
        Amortization  of  developed  technology                                              8.3              3.6
                                                                                                                              ---              ---
        Non-GAAP  gross  margin                                                                      $382.4        $545.3
                                                                                                                        ======        ======

        GAAP  marketing  and  sales                                                                $185.8        $225.4
        SFAS  123R  stock-based  compensation  expense                                (9.5)        (10.5)
                                                                                                                            ----          -----
        Non-GAAP  marketing  and  sales                                                        $176.3        $214.9
                                                                                                                        ======        ======

        GAAP  research  and  development                                                      $124.1        $145.6
        SFAS  123R  stock-based  compensation  expense                                (7.0)          (8.4)
                                                                                                                            ----            ----
        Non-GAAP  research  and  development                                              $117.1        $137.2
                                                                                                                        ======        ======

        GAAP  general  and  administrative                                                    $45.5          $49.8
        SFAS  123R  stock-based  compensation  expense                                (5.9)          (5.3)
        Amortization  of  customer  relationships  and
            trademarks                                                                                            (6.4)          (2.9)
                                                                                                                            ----            ----
        Non-GAAP  general  and  administrative                                            $33.2          $41.6
                                                                                                                          =====          =====

        GAAP  Impairment  of  goodwill                                                            $21.0                $-
        Impairment  of  goodwill                                                                      (21.0)                -
                                                                                                                          -----              ---
        Non-GAAP  Impairment  of  goodwill                                                          $-                $-
                                                                                                                                ==                ==

        GAAP  Restructuring  charges                                                              $16.5                $-
        Restructuring  charges                                                                        (16.5)                -
                                                                                                                          -----              ---
        Non-GAAP  Restructuring  charges                                                            $-                $-
                                                                                                                                ==                ==

        GAAP  operating  expenses                                                                  $392.9        $420.8
        SFAS  123R  stock-based  compensation  expense                              (22.4)        (24.2)
        Amortization  of  customer  relationships  and
            trademarks                                                                                            (6.4)          (2.9)
        Impairment  of  goodwill                                                                      (21.0)                -
        Restructuring  charges                                                                        (16.5)                -
                                                                                                                          -----                  -
        Non-GAAP  operating  expenses                                                          $326.6        $393.7
                                                                                                                        ======        ======

        GAAP  income  (loss)  from  operations                                            $(19.4)      $119.9
        SFAS  123R  stock-based  compensation  expense                                23.0            25.2
        Amortization  of  developed  technology                                              8.3              3.6
        Amortization  of  customer  relationships  and
          trademarks                                                                                                6.4              2.9
        Impairment  of  goodwill                                                                        21.0                  -
        Restructuring  charges                                                                          16.5                  -
                                                                                                                            ----              ---
        Non-GAAP  income  from  operations                                                    $55.8        $151.6
                                                                                                                          =====        ======

        GAAP  income  tax  (provision)  benefit                                          $(12.7)      $(32.2)
        Establishment  of  valuation  allowance  on
          deferred  tax  assets                                                                            21.0                  -
        Income  tax  effect  on  difference  between  GAAP  and  non-
          GAAP  total  costs  and  expenses  at  a  normalized  rate            (22.2)          (9.1)
                                                                                                                          -----            ----
        Non-GAAP  income  tax  provision                                                      $(13.9)      $(41.3)
                                                                                                                          ======        ======

        GAAP  net  income  (loss)                                                                    $(32.1)        $94.6
        SFAS  123R  stock-based  compensation  expense                                23.0            25.2
        Amortization  of  developed  technology                                              8.3              3.6
        Amortization  of  customer  relationships  and
            trademarks                                                                                              6.4              2.9
        Impairment  of  goodwill                                                                        21.0                  -
        Restructuring  charges                                                                          16.5                  -
        Establishment  of  valuation  allowance  on
          deferred  tax  assets                                                                            21.0                  -
        Income  tax  effect  on  difference  between  GAAP  and  non-
          GAAP  total  costs  and  expenses  at  a  normalized  rate            (22.2)          (9.1)
                                                                                                                          -----            ----
        Non-GAAP  net  income                                                                            $41.9        $117.2
                                                                                                                          =====        ======

        GAAP  diluted  net  income  (loss)  per  share                                $(0.14)        $0.41
        SFAS  123R  stock-based  compensation  expense                                0.10            0.11
        Amortization  of  developed  technology                                            0.04            0.01
        Amortization  of  customer  relationships  and
            trademarks                                                                                            0.03            0.01
        Impairment  of  goodwill                                                                        0.09                  -
        Restructuring  charges                                                                          0.07                  -
        Establishment  of  valuation  allowance  on
          deferred  tax  assets                                                                            0.09                  -
        Income  tax  effect  on  difference  between  GAAP  and  non-
          GAAP  total  costs  and  expenses  at  a  normalized  rate            (0.10)        (0.04)
                                                                                                                          -----          -----
        Non-GAAP  diluted  net  income  per  share                                        $0.18          $0.50
                                                                                                                          =====          =====

        GAAP  diluted  shares  used  in  per  share
          calculation                                                                                          227.1          232.6
        Impact  of  SFAS  123R  on  diluted  shares                                          (0.1)            0.3
        Shares  included  in  non-GAAP  net  income  per  share,  but
          excluded  from  GAAP  net  loss  per  share  as  they  would
          have  been  anti-dilutive                                                                      2.2                  -
                                                                                                                              ---              ---
        Non-GAAP  diluted  shares  used  in  per  share
          calculation                                                                                          229.2          232.9
                                                                                                                          =====          =====



                                    Other  Supplemental  Financial  Information  (1)

        Fiscal  Year  2010                                QTR  1          QTR  2    QTR  3    QTR  4        YTD  2010
        Financial  Statistics
          ($  in  millions,  except  per
          share  data):
        Total  net  revenue                                $426                                                            $426
                  License  and  other
                    revenue                                        $244                                                            $244
                  Maintenance  revenue                  $182                                                            $182

        Gross  Margin  -  GAAP                                88%                                                              88%
        Gross  Margin  -  Non-GAAP                        90%                                                              90%

        GAAP  Operating  Expenses                    $393                                                            $393
        GAAP  Operating  Margin                            -5%                                                              -5%
        GAAP  Net  Income  (Loss)                      $(32)                                                          $(32)
        GAAP  Diluted  Net  Income
          (Loss)  Per  Share                            $(0.14)                                                      $(0.14)

        Non-GAAP  Operating
          Expenses    (2)(3)                                $327                                                            $327
        Non-GAAP  Operating
          Margin    (2)(4)                                        13%                                                              13%
        Non-GAAP  Net  Income
          (2)(5)                                                      $42                                                              $42
        Non-GAAP  Diluted  Net
          Income  Per  Share    (2)(6)              $0.18                                                          $0.18

        Total  Cash  and
          Marketable  Securities                      $966                                                            $966
        Days  Sales  Outstanding                          49                                                                49
        Capital  Expenditures                            $14                                                              $14
        Cash  from  Operations                            $27                                                              $27
        GAAP  Depreciation  and
          Amortization                                          $27                                                              $27

        Deferred  Maintenance
          Revenue  Balance                                  $458                                                            $458

        Revenue  by  Geography
          (in  millions):
        Americas                                                  $164                                                            $164
        Europe                                                      $167                                                            $167
        Asia/Pacific                                            $95                                                              $95

        Revenue  by  Segment  (in  millions):
        Platform  Solutions  and
          Emerging  Business                              $156                                                            $156
        Architecture,
          Engineering  and
          Construction                                        $128                                                            $128
        Manufacturing                                          $94                                                              $94
        Media  and  Entertainment                      $48                                                              $48
        Other                                                            $-                                                                $-

        Other  Revenue  Statistics:
        %  of  Total  Rev  from
          AutoCAD  and  AutoCAD  LT                        34%                                                              34%
        %  of  Total  Rev  from  3D
          design  products                                      29%                                                              29%
        %  of  Total  Rev  from
          Emerging  Economies                                14%                                                              14%
        Upgrade  Revenue  (in
          millions)                                                $43                                                              $43

        Favorable  (Unfavorable)  Impact
          of  U.S.  Dollar  Translation
          Relative  to  Foreign
                  Currencies  Compared  to
                    Comparable  Prior  Year
                    Period  (in  millions):
        FX  Impact  on  Total  Net  Revenue      $(31)                                                          $(31)
        FX  Impact  on  Total
          Operating  Expenses                              $22                                                              $22
        FX  Impact  on  Total  Net
          Income  (Loss)                                        $(9)                                                            $(9)

        Gross  Margin  by  Segment
          (in  millions):
        Platform  Solutions  and
          Emerging  Business                              $142                                                            $142
        Architecture,  Engineering  and
          Construction                                        $119                                                            $119
        Manufacturing                                          $86                                                              $86
        Media  and  Entertainment                      $35                                                              $35
        Unallocated  amounts                              $(9)                                                            $(9)

        Common  Stock  Statistics:
        GAAP  Shares  Outstanding      228,219,000                                              228,219,000
        GAAP  Diluted  Weighted
          Average  Shares
          Outstanding                            227,080,000                                              227,080,000
        Shares  Repurchased                                    -                                                                  -

        Maintenance  Installed
          Base                                              1,719,000                                                  1,719,000


        (1)  Totals  may  not  agree  with  the  sum  of  the  components  due  to  rounding.
        (2)  To  supplement  our  consolidated  financial  statements  presented  on  a
        GAAP  basis,  Autodesk  provides  investors  with  certain  non-GAAP  measures
        including  non-GAAP  net  income,  non-GAAP  net  income  per  share,  non-GAAP
        cost  of  license  and  other  revenue,  non-GAAP  gross  margin,  non-GAAP
        operating  expenses,  non-GAAP  income  from  operations,  non-GAAP  interest  and
        other  income,  net  and  non-GAAP  provision  for  income  taxes.    These  non-GAAP
        financial  measures  are  adjusted  to  exclude  certain  costs,  expenses,  gains  and  losses,  including  stock-based  compensation  expense,  amortization  of
        purchased  intangibles,  goodwill  impairment,  restructuring  charges,
        establishment  of  a  valuation  allowance  on  certain  deferred  tax  assets  and
        related  income  tax  expenses.    See  our  reconciliation  of  GAAP  financial
        measures  to  non-GAAP  financial  measures  herein.    We  believe  these
        exclusions  are  appropriate  to  enhance  an  overall  understanding  of  our  past
        financial  performance  and  also  our  prospects  for  the  future,  as  well  as
        to  facilitate  comparisons  with  our  historical  operating  results.    These
        adjustments  to  our  GAAP  results  are  made  with  the  intent  of  providing  both
        management  and  investors  a  more  complete  understanding  of  Autodesk's
        underlying  operational  results  and  trends  and  our  marketplace
        performance.    For  example,  the  non-GAAP  results  are  an  indication  of  our
        baseline  performance  before  gains,  losses  or  other  charges  that  are  considered  by  management  to  be  outside  our  core  operating  results.    In
        addition,  these  non-GAAP  financial  measures  are  among  the  primary
        indicators  management  uses  as  a  basis  for  our  planning  and  forecasting
        of  future  periods.

        There  are  limitations  in  using  non-GAAP  financial  measures  because  the
        non-GAAP  financial  measures  are  not
        prepared  in  accordance  with  generally  accepted  accounting  principles  and
        may  be  different  from  non-GAAP  financial  measures  used  by  other  companies.
        The  non-GAAP  financial  measures  are  limited  in  value  because  they  exclude
        certain  items  that  may  have  a  material  impact  upon  our  reported  financial
        results.    The  presentation  of  this  additional  information  is  not  meant  to
        be  considered  in  isolation  or  as  a  substitute  for  the  directly  comparable
        financial  measures  prepared  in  accordance  with  generally  accepted
        accounting  principles  in  the  United  States.    Investors  should  review  the
        reconciliation  of  the  non-GAAP  financial  measures  to  their  most  directly
        comparable  GAAP  financial  measures  as  provided  in  the  tables  accompanying
        this  press  release.




        Fiscal  Year  2010                                QTR  1          QTR  2    QTR  3    QTR  4          YTD  2010

        (3)  GAAP  Operating  Expenses            $393                                                                $393
                Stock-based  compensation
                  expense                                            (22)                                                                (22)
                Amortization  of  customer
                  relationships  and
                  trademarks                                        (6)                                                                  (6)
                Restructuring  charges                  (17)                                                                (17)
                Impairment  of
                  goodwill                                          (21)                                                                (21)
                                                                            ---                                                                  ---
                Non-GAAP  Operating
                  Expenses                                        $327                                                                $327

        (4)  GAAP  Operating  Margin                    -5%                                                                  -5%
                Stock-based  compensation
                  expense                                                5%                                                                    5%
                Amortization  of
                  developed
                  technology                                          2%                                                                    2%
                Amortization  of  customer
                  relationships  and
                  trademarks                                          2%                                                                    2%
                Restructuring  charges                      4%                                                                    4%
                Impairment  of
                  goodwill                                              5%                                                                    5%
                                                                            ---                                                                    ---
                Non-GAAP  Operating
                  Margin                                                13%                                                                  13%

        (5)  GAAP  Net  Income  (Loss)              $(32)                                                              $(32)
                Stock-based  compensation
                  expense                                              23                                                                    23
                Amortization  of
                  developed
                  technology                                          8                                                                      8
                Amortization  of  customer
                  relationships  and
                  trademarks                                          6                                                                      6
                Impairment  of  goodwill                  21                                                                    21
                Restructuring  charges                    17                                                                    17
                Establishment  of  valuation
                  allowance  on
                  deferred  tax  assets                      21                                                                    21
                Income  tax  effect  on
                  difference  between  GAAP
                  and  non-GAAP  total  costs
                  and  expenses  at  a
                  normalized  rate                            (22)                                                                (22)
                                                                            ---                                                                  ---
                Non-GAAP  Net  Income                      $42                                                                  $42

        (6)  GAAP  Diluted  Net  Income
                  (Loss)  Per  Share                    $(0.14)                                                          $(0.14)
                Stock-based  compensation
                  expense                                          0.10                                                                0.10
                Amortization  of
                  developed
                  technology                                    0.04                                                                0.04
                Amortization  of  customer
                  relationships  and
                  trademarks                                    0.03                                                                0.03
                Impairment  of
                  goodwill                                        0.09                                                                0.09
                Restructuring  charges                0.07                                                                0.07
                Establishment  of
                  valuation  allowance  on
                  deferred
                  tax  assets                                    0.09                                                                0.09
                Income  tax  effect  on
                  difference  between  GAAP
                  and  non-GAAP  total  costs
                  and  expenses  at  a
                  normalized  rate                        (0.10)                                                            (0.10)
                                                                        -----                                                                -----
                Non-GAAP  Diluted  Net
                  Income  Per  Share                      $0.18                                                                $0.18
 





© 2024 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us
ShareCG™ is a trademark of Internet Business Systems, Inc.

Report a Bug Report Abuse Make a Suggestion About Privacy Policy Contact Us User Agreement Advertise