Autodesk, Inc. (NASDAQ:ADSK) reported earnings of 40 cents per share, which declined 24.5% from the year-ago quarter. The company’s fourth-quarter results were negatively impacted by business model transition toward subscription revenues, it announced late fiscal 2014. Revenues decreased 3.3% year over year to $586.6 million, which were ahead of management’s guided range of $560.0 to $580.0 million and beat the Zacks Consensus Estimate of $572.0 million. Backlog was $20.0 million, flat on a year-over-year basis. Autodesk, Inc. (NASDAQ:ADSK) stock opened at $57.20 in last trading session, and closed at $54.28, trading in the range of $53.72 – $58.68. The stock showed a negative weekly performance of -1.13%.
Stock analysts at Macquarie lifted their target price on shares of VMware (NYSE:VMW) from $107.00 to $110.00 in a report issued on Tuesday, StockRatingsNetwork.com reports. Macquarie’s price target points to a potential upside of 12.60% from the company’s current price. VMware, Inc. (NYSE:VMW) shares closed at $97.78 on last trade day, by gaining 0.09%. Stock 52 week range is $64.86 – $101.52. Company’s market capitalization is $42.14 billion.
ACI Worldwide Inc (NASDAQ:ACIW), a leading international provider of electronic payment and banking systems , today announced financial results for the period ended December 31, 2013. Non-GAAP revenue for the year of $871 million, up 26% over 2012. New sales bookings, net of term extensions, for the year grew 20% over last year. Hosted subscription and transaction revenues for the year grew 132%. Operating free cash flow for the year of $151 million, up from $24 million in 2012. Adjusted EBITDA of $239 million grew 25% from last years $191 million. Increased share repurchase authorization by an incremental $100 million. ACI Worldwide Inc (NASDAQ:ACIW) stock advanced 2.88% and finished the last session at $59.66. The EPS of the stock remained 1.58. Company’s market capitalization is $2.30 billion.
ANSYS, Inc. (NASDAQ:ANSS) reported fourth quarter non-GAAP revenue growth of 7% in constant currency, while non-GAAP net income increased 22% compared to Q4 2012. 2013 non-GAAP revenue increased 9% in constant currency, while non-GAAP net income increased 13% compared to 2012. Non-GAAP diluted earnings per share increased 22% for the quarter and 12% for 2013. ANSYS, Inc. (NASDAQ:ANSS) stock opened at $84.02 in last trading session and closed at $83.20. The 52 week range of the stock is $70.66 – $89.71 and the day range was $80.07 – $84.28.
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