Unhappy: ADSK Down 18%

Autodesk Q4 revenues were $489.8 million, down 18% from a year ago, while net income was a loss of $105.3 million.

• 3D modeling software (Inventor, Revit, etc) seats are down 1%.
• 6,100 seats of 3D manufacturing software licensed in Q4.
• 24,000 seats of 3D AEC software.  

• Europe, Middle East, and Asia revenues down 16%.
• Asia Pacific revenues down 25%.
• Americas down 17%.
• Emerging economies down 31%.

But not all is gloomy. FY09 revenues hit an all-time high at $2.315 billion, up 7% from the previous fiscal year.  

The company expects Q1 revenues to continue the downward trend, ranging between $400-$440 million. Indeed, Autodesk thinks it might suffer another loss.

This negative trend makes it tough for ceo Carl Bass to make good his promise to grow the company 15% a year.

Source.

Comments

[John]

During this same period, SolidWorks sold over 11,000 commercial licenses.

Not sure why the economic downturn would be impacting Autodesk's 3D manufacturing software sales so dramatically.