Autodesk cites manufacturing, engineering for strong fiscal year

SAN RAFAEL -- Autodesk, Inc. (NASDAQ: ADSK) today reported fourth-quarter revenue increased 2 percent from a year before and full-year sales went up 4 percent.

Revenue for the quarter, ended Jan. 31, was $607 million, the maker of design software reported after the market closed. Sales for fiscal 2012 were $2.3 billion. Diluted earnings per share were 32 cents for the quarter, up 3 percent over 12 months, and $1.07 for the year, down 12 percent.

"We are pleased with our stronger-than-expected fourth-quarter results,” said Carl Bass, Autodesk president and chief executive officer. “While the global economic picture remains mixed, we ended the year strong, driven by increasing demand for our design and creation suites, record revenue in our AEC and manufacturing business segments, and strong large deal volume."

Autodesk also made meaningful progress on its 360 family of cloud-based products, he said.

"We believe (this) positions us and our customers for success in the future. Looking forward to fiscal 2014, we are continuing to lead the industry in innovation and drive revenue and profitability growth," Mr. Bass said.

Quarterly revenue and earnings beat analyst estimates. Yet guidance for the first fiscal quarter -- $570 million to $590 million in revenue and adjusted earnings of 41 to 46 cents per share -- was below expectations of $590.61 million and 51 cents per share.

Although revenue from the Media and Entertainment business segment was $47 million, a decrease of 16 percent compared to the fourth quarter last year, Autodesk continues to grow is footprint in Hollywood.

This year the company said all five Oscar nominees in the Best Visual Effects category -- “The Hobbit: An Unexpected Journey,” “Life of Pi,” “Marvel’s The Avengers,” “Prometheus,” and “Snow White and the Huntsman” -- used its technology. The movies contain 7,754 visual effects shots worked on by 30 visual effects studios in more than 10 countries, Autodesk says.

All five nominees for best animation used Autodesk’s Maya sofware, and the company said its technology had a hand in a number of other movies this year, including “Argo,” “Flight,” “Les Miserables,” “Lincoln,” “Silver Linings Playbook,” and “Zero Dark Thirty."

Autodesk employes more than 7,000 worldwide.

The price of company stock fell 3.4 percent Monday to $36.62 in an overall down trading day blamed on U.S. and European government fiscal problems. The Nasdaq exchange closed down 1.44 percent, and the technology index, 1.69 percent.

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