Autodesk 2015 Annual Report Download - page 116

2015 Form 10-K 24
Net revenue, billings, earnings or subscriptions shortfalls or the volatility of the market generally may cause the market price of
our stock to decline.
The market price for our common stock has experienced significant fluctuations and may continue to fluctuate
significantly. The market price for our common stock may be affected by a number of factors, including the other factors
described in this Part I, Item 1A and the following:
• shortfalls in our expected financial results, including net revenue, billings, earnings, subscriptions, or other key
performance metrics;
• results and future projections related to our business model transition, including the impact of the end of upgrades and
perpetual licenses;
• quarterly variations in our or our competitors' results of operations;
• general socio-economic, political or market conditions;
• changes in estimates of future results or recommendations or confusion on the part of analysts and investors about the
short-term and long-term impact to our business resulting from our business model transition;
• uncertainty about certain governments' abilities to repay debt or effect fiscal policy;
• the announcement of new products or product enhancements by us or our competitors;
• unusual events such as significant acquisitions, divestitures, regulatory actions, and litigation;
• changes in laws, rules, or regulations applicable to our business;
• outstanding debt service obligations; and
• other factors, including factors unrelated to our operating performance, such as instability affecting the economy or the
operating performance of our competitors.
Significant changes in the price of our common stock could expose us to additional costly and time-consuming litigation.
Historically, after periods of volatility in the market price of a company's securities, a company becomes more susceptible to
securities class action litigation. This type of litigation is often expensive and diverts management's attention and resources.
Our business could be adversely affected if we are unable to attract and retain key personnel.
Our success and ability to invest and grow depend largely on our ability to attract and retain highly skilled technical,
professional, managerial, sales, and marketing personnel. Historically, competition for these key personnel has been intense.
The loss of services of any of our key personnel (including key personnel joining our company through acquisitions), the
inability to retain and attract qualified personnel in the future, or delays in hiring required personnel, particularly engineering
and sales personnel, could make it difficult to meet key objectives, such as timely and effective product introductions and
financial goals.
2015 Annual Report