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Main information for mini excavator XN18:
Net weight 1600kg ,operation weight 1800kg;0.045cbm bucket,1.5km/h,3160x1110x2377mm
The 1.8 ton mini excavator XN18 have been exported more than 3 years,the excavators also keep upgrading for meet customers's new needs.
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Autodesk Reports Third Quarter Financial Results
Public Company Information:
NASDAQ:
ADSK
SAN RAFAEL, Calif.–(BUSINESS WIRE)–Autodesk, Inc. (NASDAQ: ADSK) announced its financial results for the third quarter of fiscal 2016.
Third Quarter Fiscal 2016 Highlights:
- Total subscriptions increased by approximately 80,000 from the second quarter of fiscal 2016 to 2.47 million at the end of the third quarter.
- Annualized recurring revenue (ARR) reached $1.35 billion, representing a 15% increase compared to the same period last year and an 18% increase on a constant currency basis.
- Deferred revenue rose 20% to $1.21 billion, up from $1.01 billion in the third quarter of the previous year.
- Total billings decreased by 9% compared to the third quarter last year, with a 4% decrease on a constant currency basis.
- Revenue totaled $600 million, a 3% decline compared to the third quarter last year but an increase of 2% on a constant currency basis.
- GAAP total spending was $615 million, up 2% from the third quarter last year.
- Non-GAAP total spending was $545 million, up 1% from the previous year's quarter.
- GAAP operating margin was -2%, compared to 2% in the third quarter of the prior year.
- Non-GAAP operating margin stood at 9%, down from 13% in the same period last year.
- GAAP diluted net loss per share was $(0.19), while it was $0.05 in the third quarter of the previous year.
- Non-GAAP diluted net income per share was $0.14, compared to $0.25 in the third quarter last year.
- Cash flow from operating activities was $80 million, down from $136 million in the third quarter last year.
Carl Bass, Autodesk President and CEO, stated, "Autodesk continues to focus on delivering world-class software and great experiences to our customers, while driving our business model transition as rapidly as possible. We are balancing the necessary investments in the transition with our ongoing focus on spend management, leading to better than expected profitability for the quarter. And we remain confident in our long-term view that our business model transition will deliver a 20% CAGR in subscriptions and a 24% CAGR in ARR through fiscal year 2020."
Operational Overview:
Total subscriptions were 2.47 million, an increase of about 80,000 from the second quarter of fiscal 2016. Maintenance subscriptions were 2.10 million, an increase of 33,000. New model subscriptions (Desktop, enterprise flexible license, and cloud subscription) were 366,000, up 47,000. The growth in new model subscriptions was primarily driven by Desktop subscriptions.
Annualized recurring revenue (ARR) for the third quarter increased 15% to $1.35 billion compared to the third quarter last year and 18% on a constant currency basis. Maintenance ARR was $1.13 billion, up 6% from the third quarter last year. New model ARR was $221 million, doubling from the same period last year.
Revenue in the Americas was $236 million, up 2% compared to the third quarter last year. EMEA revenue was $225 million, down 5% from the third quarter last year but up 2% on a constant currency basis. Revenue in APAC was $139 million, a decrease of 7% compared to the third quarter last year, but only 1% on a constant currency basis. Revenue from emerging economies was $88 million, down 8% from the third quarter last year, but up 6% on a constant currency basis. Emerging economies accounted for 15% of total revenue in the third quarter.
Revenue from the Architecture, Engineering and Construction segment was $225 million, up 4% from the third quarter last year. Manufacturing segment revenue was $175 million, up 3% from the same period last year. Platform Solutions and Emerging Business segment revenue was $161 million, down 15% from the third quarter last year. Media and Entertainment segment revenue was $39 million, down 9% from the third quarter last year.
Flagship products revenue was $267 million, down 7% from the third quarter last year. Suite products revenue was $218 million, down 3% from the third quarter last year. New and Adjacent products revenue was $114 million, up 9% from the third quarter last year.
Business Outlook:
Autodesk's outlook for the fourth quarter and full fiscal 2016 assumes a continuation of the current economic environment and foreign exchange rate conditions. A reconciliation between GAAP and non-GAAP estimates is provided below or in the tables following this press release.
Fourth Quarter Fiscal 2016 Guidance:
- Revenue: $620 – $640 million
- GAAP EPS: ($0.31) – ($0.27)
- Non-GAAP EPS: $0.08 – $0.12
Full Year Fiscal 2016 Guidance:
- Billings growth (on a constant currency basis): 7% – 8%
- Revenue (on a constant currency basis): $2,475 – $2,495 million
- GAAP operating margin: Approximately (1)%
- Non-GAAP operating margin: Approximately 10%
- GAAP EPS: ($1.59) – ($1.55)
- Non-GAAP EPS: $0.72 to $0.76
- Net subscription additions: 310,000 – 330,000
Earnings Conference Call and Webcast:
Autodesk will host its third-quarter conference call today at 5:00 p.m. ET. The live broadcast can be accessed at http://www.autodesk.com/investors. Supplemental financial information and prepared remarks for the conference call will be posted to the investor relations section of Autodesk’s website simultaneously with this press release.
A replay of the broadcast will be available at 7:00 p.m. ET at http://www.autodesk.com/investors. This replay will be maintained on Autodesk’s website for at least 12 months.
Safe Harbor Statement:
This press release contains forward-looking statements that involve risks and uncertainties, including statements regarding the impacts and results of our business model transition, expectations regarding the transition of product offerings to subscription, our long-term financial goals, and other statements regarding our strategies, market and product positions, performance, and results. There are a significant number of factors that could cause actual results to differ materially from statements made in this press release, including: failure to maintain our revenue growth and profitability; failure to successfully manage transitions to new business models and markets, including the introduction of additional ratable revenue streams and our continuing efforts to attract customers to our cloud-based offerings and expenses related to the transition of our business model; difficulty in predicting revenue from new businesses and the potential impact on our financial results from changes in our business models; general market, political, economic and business conditions; the impact of non-cash charges on our financial results; fluctuation in foreign currency exchange rates; the success of our foreign currency hedging program; failure to control our expenses; our performance in particular geographies, including emerging economies; the ability of governments around the world to meet their financial and debt obligations, and finance infrastructure projects; weak or negative growth in the industries we serve; slowing momentum in subscription billings or revenues; difficulties encountered in integrating new or acquired businesses and technologies; the inability to identify and realize the anticipated benefits of acquisitions; the financial and business condition of our reseller and distribution channels; dependence on and the timing of large transactions; failure to achieve sufficient sell-through in our channels for new or existing products; pricing pressure; unexpected fluctuations in our tax rate; the timing and degree of expected investments in growth and efficiency opportunities; changes in the timing of product releases and retirements; and any unanticipated accounting charges.
For more information, visit Autodesk's website at http://www.autodesk.com.
Max. digging depth: 2150mm,Max. Digging height:3275mm
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