**Public Company Information:**
**NASDAQ: ADSK**
SAN RAFAEL, Calif.–(BUSINESS WIRE)–Autodesk, Inc. (NASDAQ: ADSK) recently released its financial results for the second quarter of fiscal 2016. The company reported strong billings and growth in deferred revenue.
**Second Quarter Fiscal 2016 Highlights:**
- Total billings increased by 7% compared to the same period last year, and by 15% on a constant currency basis.
- Deferred revenue rose to $1.2 billion, up from $981 million in the previous year's second quarter.
- Total subscriptions grew by approximately 61,000 from the first quarter of fiscal 2016, reaching 2.39 million at the end of the second quarter.
- Revenue was $610 million, a decrease of 4% compared to the second quarter of the previous year, but remained flat on a constant currency basis.
- GAAP operating margin was 1%, down from 8% in the same period last year.
- Non-GAAP operating margin stood at 11%, compared to 18% in the prior year's quarter.
- GAAP diluted net loss per share was $(1.04), while non-GAAP diluted net income per share was $0.19.
- Cash flow from operating activities was $77 million, compared to $96 million in the previous year's quarter.
Carl Bass, Autodesk’s president and CEO, commented, “We are pleased with the progress of our business model transition. Strong billings and deferred revenue growth led the quarter, and we continue to see customers adopt our new subscription offerings, which are showing strong year-over-year and sequential growth.â€
**Operational Overview:**
Autodesk is transitioning its business model from selling perpetual licenses to focusing on subscriptions and flexible license arrangements. This shift impacts various financial metrics, including billings, revenue, gross margin, operating margin, EPS, deferred revenue, and cash flow from operations.
Revenue across different regions showed mixed performance:
- Americas revenue increased by 6% to $236 million.
- EMEA revenue decreased by 7% to $226 million.
- APAC revenue fell by 13% to $148 million.
- Emerging economies saw a 7% decline in revenue to $92 million, representing 15% of total revenue.
Segment-wise revenue:
- Architecture, Engineering and Construction segment revenue increased by 7% to $233 million.
- Platform Solutions and Emerging Business segment revenue declined by 21% to $164 million.
- Manufacturing segment revenue rose by 2% to $171 million.
- Media and Entertainment segment revenue dropped by 6% to $41 million.
In the second quarter, Autodesk recorded a non-cash GAAP tax charge of $214 million related to establishing a valuation allowance on certain U.S. deferred tax assets. This charge does not affect cash flows.
Scott Herren, CFO, stated, “Looking ahead, we expect a greater portion of our sales to shift from perpetual licenses to new subscription types. This will impact our revenue recognition and we have revised our outlook accordingly.â€
**Business Outlook:**
Autodesk updated its guidance for the third quarter and full fiscal year 2016, taking into account the current economic environment and foreign exchange rates.
**Third Quarter Fiscal 2016 Guidance:**
- Revenue: $580 – $600 million
- GAAP EPS: ($0.23) – ($0.18)
- Non-GAAP EPS: $0.05 – $0.10
**Full Year Fiscal 2016 Guidance:**
- Billings growth: 2% – 4%
- Revenue: $2,465 – $2,505 million
- GAAP operating margin: (2)% – (1)%
- Non-GAAP operating margin: 9% – 10%
- GAAP EPS: ($1.39) – ($1.27)
- Non-GAAP EPS: $0.60 – $0.72
- Net subscription additions: 375,000 – 425,000
Autodesk also held an earnings conference call and webcast to discuss its financial results. A replay of the call will be available for 12 months.
**Important Risk Factors:**
The press release includes forward-looking statements that involve risks and uncertainties, such as the impact of the business model transition, market conditions, and other factors. For more details, refer to the Safe Harbor statement.
**About Autodesk:**
Autodesk helps people imagine, design, and create a better world. From design professionals to digital artists, everyone uses Autodesk software to unlock their creativity and solve important challenges.
For more information, visit [autodesk.com](http://www.autodesk.com) or follow @autodesk.
Polyester Polyol For Elastomer
Polyester Polyol is a type of polyol that is derived from the reaction between a polyol (such as glycerol or ethylene glycol) and a dicarboxylic acid (such as adipic acid or phthalic anhydride). It is commonly used as a raw material in the production of polyurethane foams, coatings, adhesives, and elastomers.
Polyester polyols have several advantages over other types of polyols. They have good chemical resistance, mechanical properties, and thermal stability. They also have low toxicity and are environmentally friendly. Additionally, polyester polyols can be easily modified to achieve desired properties, such as increased flexibility or flame retardancy.
Polyester polyols are typically liquid at room temperature and have a high molecular weight. They can be further reacted with isocyanates to form polyurethane materials, which have a wide range of applications in various industries, including automotive, construction, and furniture.
PU resin, also known as polyurethane resin, is widely used in the production of synthetic leather. Synthetic leather, also referred to as faux leather or artificial leather, is a man-made fabric that imitates the appearance and feel of genuine leather. PU resin is a key component in the manufacturing process of synthetic leather, as it provides the material with its durability, flexibility, and water resistance.
The process of producing synthetic leather involves coating a fabric substrate, such as polyester or nylon, with a layer of PU resin. This resin is typically applied in liquid form and then undergoes a curing process to solidify and bond with the fabric. The resulting material has a leather-like texture and appearance.
PU resin offers several advantages for synthetic leather production. It has excellent abrasion resistance, making the synthetic leather more durable and long-lasting. It also provides flexibility, allowing the material to be easily shaped and molded into different forms. Additionally, PU resin offers good water resistance, preventing the synthetic leather from absorbing moisture and becoming damaged.
Moreover, PU resin can be customized to achieve different finishes and textures, such as smooth, grainy, or embossed patterns, depending on the desired aesthetic. It can also be colored in various shades to mimic different types of leather. This versatility makes PU resin a popular choice for synthetic leather manufacturers.
Overall, PU resin plays a crucial role in the production of synthetic leather, providing the material with its desirable qualities of durability, flexibility, and water resistance.
Polyester Polyol For Elastomer,Polyester Polyol For Tpu,Prepolymer Chemical Material,Polyurethne Raw Chemical
XUCHUAN CHEMICAL(SUZHOU) CO., LTD , https://www.xuchuanchem.com