Autodesk, Inc. (NASDAQ: ADSK) has announced the departure of Mark Hawkins, its Executive Vice President and Chief Financial Officer. After more than five years with the company, Hawkins will be leaving at the end of July to take on a new role as CFO at Salesforce.com. This transition comes after a period of significant growth for Autodesk, particularly in its shift toward cloud-based solutions.
Carl Bass, Autodesk’s President and CEO, expressed his appreciation for Hawkins’ contributions, highlighting his role in guiding the company through key initiatives and maintaining strong financial performance. "Mark has been an excellent financial partner and played a crucial role in positioning Autodesk for future success," Bass said. "I wish him the best in his new position."
Hawkins reflected on his time at Autodesk, noting that he was proud to have been part of the leadership team during a pivotal period—from the challenges of the Great Recession in 2009 to the company's current leadership in the cloud. "It has been a privilege to work with such a talented team and contribute to Autodesk’s transformation," he added.
In response to this change, Autodesk has begun the process of selecting a new CFO. The company also confirmed that it expects to meet or exceed its previously issued financial outlook for the second quarter of fiscal 2015. Additionally, Autodesk reaffirmed its full-year guidance for fiscal 2015, indicating confidence in its ongoing strategy and market position.
The updated business outlook for Q2 FY15 includes revenue between $595 million and $610 million, with GAAP EPS expected to range from $0.05 to $0.10 and non-GAAP EPS between $0.25 and $0.30. For the full year, Autodesk anticipates billings growth of 7–9%, revenue growth of 4–6%, and net subscription additions of 150,000 to 200,000.
The company also provided a reconciliation of GAAP and non-GAAP operating margins for fiscal 2015, showing a non-GAAP margin of 14–16% compared to a GAAP margin of 3–5%. These figures exclude items like stock-based compensation, amortization of intangibles, and restructuring charges.
As always, Autodesk reminds investors that forward-looking statements are subject to risks and uncertainties, including market conditions, business model transitions, and other factors. The company encourages readers to review its SEC filings for more details.
For more information about Autodesk and its products, visit www.autodesk.com or follow @autodesk on social media.
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