Following PTC and Dassault reporting slower sales, Autodesk joins them today with flat profits.
Q4 profits were flat compared to a year ago ($96 million), and Autodesk executives cut their outlook on future profit for the next quarter and the full year. The share price promptly fell nearly 10%. The company put some of the blame on slower than expected sales in the Americas.
On the happy side, gross revenues rose 20% over a year ago. Autodesk shipped:
-- 21,000 commercial seats of Revit and NavisWorks.
-- 17,000 commercial seats of Inventor.
-- 7,500 commercial seats of Civil 3D.