trending Market Intelligence /marketintelligence/en/news-insights/trending/unen_n9nMNgOMILXOx5JyQ2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Autodesk swings to loss in fiscal Q2

Capital Markets View – February 2021

Blog

TMT News & Insights: February 2021

Blog

Whats on the Horizon for the Cruise Hotel Resorts Sector

Blog

Latin America multichannel broadband market 2020 recap


Autodesk swings to loss in fiscal Q2

Autodesk Inc. said its normalized net income for the fiscal second quarter ended July 31 amounted to a loss of $937,500, compared with income of $29.4 million in the year-earlier period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin fell to negative 0.2% from 4.6% in the year-earlier period.

Total revenue decreased on an annual basis to $609.5 million from $637.1 million, and total operating expenses grew from the prior-year period to $605.2 million from $586.4 million.

Reported net income totaled a loss of $236.1 million, or a loss of $1.04 per share, compared with income of $30.2 million, or 13 cents per share, in the prior-year period.