Paychex (PAYX) reported first quarter earnings of $0.44 per share, excluding non-recurring items, which is better than expected, while revenues rose 5.1% year/year to $607.9 mln vs the $605.26 million consensus. The outlook for the fiscal year ending May 31, 2014 is unchanged. HRS revenue growth is expected to remain in line with recent experience. Payroll service revenue 3-4%. HRS revenue 9-10% Total service revenue 5-6% Net income 8-9% Operating income, net of certain items, as a percent of total service revenue is expected to be approximately 38% for fiscal 2014. Net income growth for fiscal 2014 is expected to benefit from a strong comparison in the fourth quarter as a result of the impact of the settlement of a state income tax matter in fiscal 2013, which reduced diluted earnings per share by approximately $0.04 per share. This settlement is not expected to have an impact on the effective income tax rate for fiscal 2014.

Autodesk (ADSK) disclosed that on September 24, 2013, the co approved a restructuring plan that includes staff reductions and the consolidation of certain leased facilities. The Company expects to substantially complete these efforts by the end of its first quarter of fiscal 2015 (ending April 30, 2014). The Company anticipates incurring pre-tax restructuring charges of $15 mln to $20 mln, all of which would result in cash expenditures and of which $12 mln to $16 mln would be for one-time employee termination benefits and $3 mln to $4 mln would be for facilities-related costs. Approximately $8 mln to $10 mln of these pre-tax charges will be expensed in the third quarter of fiscal 2014 (ending October 31, 2013), $3 mln to $5 mln of these pre-tax charges will be expensed in the fourth quarter of fiscal 2014 (ending January 31, 2014), with the remainder in the first quarter of fiscal 2015. The Company is taking these actions to re-balance staffing levels to better align them with the evolving needs of the business. While the Company is reducing its staffing levels areas in the near-term, the Company will increase staffing in areas where there is increased demand and opportunity.

 Autobytel (ABTL) announced it has acquired Advanced Mobile, LLC, a provider of innovative mobile communications services designed specifically for the automotive industry. As a result of the acquisition, Autobytel will offer auto manufacturers and dealers the ability to connect with consumers using a preferred method of text communication via a secure platform that protects consumers' privacy. In addition, Autobytel will offer dealers a comprehensive suite of mobile products, including mobile apps, mobile websites, Send2Phone capabilities and text message marketing. The initial consideration for the acquisition was $2.5 million in cash. In addition, Advanced Mobile may earn up to an additional $1.5 million in contingent payments based on the revenue and gross profit performance of the acquired business over a three-year period commencing January 1, 2014.

 Alcatel-Lucent (ALU) announced it will outline how The Shift Plan -- the company's industrial transformation from telecoms generalist to specialist in IP Networking and Ultra-Broadband Access -- will leverage new technologies to accelerate the move to the cloud by service providers. In particular, co will talk about how Alcatel-Lucent is leveraging Network Functions Virtualization (NFV) technology, and how it will help service providers meet the always-connected demands of their customers. NFV enables network services to be deployed on a shared cloud infrastructure instead of dedicated, purpose-built hardware. In addition, Alcatel-Lucent is moving major parts of its portfolio to the cloud. By doing this heavy lifting, Alcatel-Lucent is both creating a path to NFV technology and giving service providers choices on which key network services to deploy to the cloud.