Autodesk this week announced financial results
for the fourth quarter of its fiscal year 2007, which ended
January 31, 2007, and for all of fiscal year 2007 (Feb. 1,
2006—Jan. 31, 2007). Revenue for the quarter was $497 million,
an increase of 19% year-over.
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Revenue for the fiscal year was $1.84 billion.
Autodesk hit $1 billion in revenue for the first time only two
fiscal years ago. At the current pace of growth (a realistic
assumption), Autodesk will double its revenue in a four-year
period, topping $2 billion.
Autodesk CEO Carl Bass sited a variety of factors
contributing to both the record revenues and his sense of
optimism about the coming year:
- Adoption of Autodesk Media and Entertainment Linux-based
products is growing
- Business in Japan is “stabilizing”
- Annual product retirements “now less significant” as a
driver of revenue
- Demand from new seats and from emerging economies will
be 2/3 of revenue in the future
- Less than 15% of existing users have migrated to 3D
- Subscription revenue continues to grow
Revenues from emerging economies in Asia Pacific, Eastern
Europe, the Middle East and Latin America was $75 million in the
quarter, an increase of 44% year-over, representing 15% of total
revenue in the fourth quarter.
Maintenance revenues from subscription increased
53% year-over, to $123 million or 25% of total revenues.
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