Wave Issue 9035 4/05/99 Article 8-01

***Autodesk Reports Record Fourth Quarter and Year- end Revenues
(February 24)

Autodesk announced financial results for its fourth quarter and
fiscal year ended January 31, 1999. For the fourth quarter of
fiscal year 1999, Autodesk reported record net revenue of $189.1
million versus $181.8 million for the same quarter a year ago.
Net revenue for fiscal year 1999 also hit a record at $740.2
million, an increase of 20 percent over the revenue last year.

For the fourth quarter of fiscal 1999 net income was $25.1
million, or $0.50 per share on a diluted basis, including the
impact of the revaluation of in-process research and development
charges from the acquisitions of Softdesk and Genius, and the
incremental amortization of the associated goodwill and
intangible assets. Excluding these costs, net income for the
fourth quarter of fiscal year 1999 was $26.7 million, or diluted
earnings per share of $0.54.

Net income for fiscal year 1999 was $90.6 million, and resulted
in $1.85 per share on a diluted basis, including non-recurring
charges as well as incremental amortization of goodwill and
intangible assets from prior acquisitions. Excluding these costs,
net income for fiscal year 1999 was $102.5 million, or $2.10 per
share on a diluted basis.

All vertical design markets posted record revenues during fiscal
year 1999, with sales more than doubling over the previous fiscal
year. Driven by strong demand for Mechanical Desktop and Genius
products, the MCAD group led the performance of the vertical
markets, with sales increasing 185 percent year over year. AEC
revenues increased over 50 percent for the year, fueled by strong
performance from Architectural Desktop and Land Development
Desktop. The success of the GIS product family continued, with
sales nearly doubling over the prior year.

The Personal Solutions Group and Kinetix also reported record
results for fiscal year 1999, driven by strong demand for AutoCAD
LT, 3D Studio MAX and 3D Studio VIZ. The AutoCAD brand remained
strong throughout the year, with both new seat and upgrade
revenues increasing over the previous year.

www.autodesk.com