Virgen buys ADSK 46.97: The risk/reward appears attractive on a long-term view.

The Nasdaq was down 0.2%. The Dow Jones industrial average and the S&P 500 dipped 0.1% each. Among other things, Autodesk's software helps product developers create 3-D models. The company predicts sales of $2.47 billion to $2.51 billion, in line with analyst models. For the year, Autodesk sees adjusted income of 60 to 72 cents a share, well below the analyst forecast of 76 cents. San Rafael, Calif.-based Autodesk reported earnings per share excluding items of 19 cents, down 46% from the year-earlier quarter but 2 cents ahead of analyst forecasts.


Hailey:
With the SeeControl buy, it seems the company is getting into a segment that has good potential.

Ma:
Transitional phase aside, that steep fall in adjusted net is cause for concern and something to keep an eye on going forward.

Genna:
No investor likes to see their company trim guidance twice in less than a year, so it's no surprise the stock traded down in the wake of the results.

Fidela:
The right design for the future?

Terrie:
The details of the transaction were not made public; Autodesk said it expects the deal to have no impact on the guidance it proffered in the second-quarter results.

Wilhemina:
The company said it has signed an agreement to buy SeeControl, a San Francisco-based developer of an Internet of Things cloud service platform.

Essie:
At the end of this past second quarter, the company had 2.39 million subscriptions.

Marhta:
The former is the amount the company bills its clients, and the latter is the amount of contract revenue that has not yet been recognized.

Johnny:
Total billings, meanwhile, advanced by 7%, while deferred revenue rose 26% to $1.2 billion.

Nga:
Let's look at why it did that and at its overall performance for the quarter.

Autodesk (NASDAQ:ADSK)
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