The software maker said it earned $54.6 million during the second-quarter, down from $71.2 million in the same period last year. Autodesk recorded revenue of $568.7 million, up 4% from 2011, but falling well short of the $593.42 million Wall Street was expecting, Fox Business noted.
Adjusted EPS for the quarter was 48 cents, which narrowly missed the 49 cents predicted by analysts.
Noting continue weakness in Europe and the U.S., the company predicted third-quarter revenue of between $550 million and $570 million and non-GAAP earnings of between 40 cents and 45 cents a share.
Wall Street had anticipated current quarter EPS of 50 cents on revenue of $601.2 million.
Autodesk officials announced that they would implement a restructuring plan, likely to result in unspecified payroll reductions, and would record charges of between $50 million and $60 million during the current quarter.