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Autodesk Annual Report, Year Ended Jan 31, 2006

Filing Date
Filed March 30, 2006
Period End
January 31, 2006
Security
ADSK
In the record · 2016–202610-K1110-Q328-K113

ADSK filed 11 annual reports (10-K), 32 quarterly reports (10-Q) and 113 current reports (8-K) between 2016 and 2026.

  1. FY2016 annual report10-K · Mar ’16Mar ’16
  2. Deal closed8-K · Dec ’18Dec ’18
  3. Leadership change8-K · May ’21May ’21
  4. Leadership change8-K · Jun ’25Jun ’25

01—Abstract

Summary

Summary of the 10-K filed March 30, 2006. Cited figures are marked; the original filing is the authoritative source.

Autodesk, Inc.'s fiscal year ended January 31, 2006, demonstrated robust growth and increasing profitability, marking a significant year for the company.

Net revenues surged by 23% year-over-year to $1.52 billiona, driven by strong performance in both the Design Solutions and Media & Entertainment segments. The Design Solutions Segment, representing the vast majority of revenue, saw strong growth in AutoCAD and AutoCAD LT, alongside a notable 60% increase in 3D product revenues, indicating a successful push towards higher-value offerings. The company also experienced substantial growth in recurring maintenance revenue, up 56%, largely due to the success of its subscription program, which is a key component of its long-term strategy.

Financially, Autodesk reported a significant increase in income from operations, which grew by 57% to $369.8 millionb, leading to a 48% increase in net income to $328.9 million. The company also successfully managed its expenses, with total costs and expenses decreasing as a percentage of net revenue, resulting in an improved operating margin of 24%.

Strategic acquisitions, including the notable purchase of Alias Systems Holdings, Inc., further strengthened Autodesk's product portfolio, particularly in the media and entertainment and manufacturing sectors. The company ended the fiscal year with a strong cash position and continued its share repurchase program, demonstrating financial health and a commitment to shareholder value.

02—Key points

Key Highlights

  1. Net revenues increased by 23% to $1.52 billion, driven by broad-based growth across segments and geographies.
  2. Income from operations grew by 57% to $369.8 million, with operating margin improving to 24%.
  3. Maintenance revenue, primarily from the subscription program, increased by 56% to $276.5 million, indicating growing recurring revenue streams.
  4. The Design Solutions Segment showed strong growth, with 3D product revenues increasing by 60%.
  5. Acquisition of Alias Systems Holdings, Inc. was completed in January 2006 for $196.8 million, enhancing offerings in Media & Entertainment and Manufacturing.
  6. The company generated significant cash flow from operations ($415.2 million) and maintained a strong liquidity position with $377.5 million in cash, cash equivalents, and marketable securities at year-end.
  7. Autodesk continues to invest in research and development, with R&D expenses increasing by 26% to $301.6 million, representing 20% of net revenues.

03—Questions

Frequently Asked Questions

  1. What was Autodesk's revenue performance in fiscal year 2006?

    Autodesk reported a robust 23% increase in net revenues, reaching $1.52 billion for the fiscal year ended January 31, 2006. This growth was driven by strong performance in both its Design Solutions and Media & Entertainment segments, with notable increases in new seat sales, subscription revenues, and upgrades.

  2. How did Autodesk's profitability change in fiscal year 2006?

    Profitability improved significantly. Income from operations increased by 57% to $369.8 million, resulting in an operating margin of 24%. Net income rose by 48% to $328.9 million, reflecting strong revenue growth and effective expense management.

  3. What was the strategic impact of the Alias acquisition?

    The acquisition of Alias Systems Holdings, Inc. in January 2006 for $196.8 million was a key strategic move. It significantly expanded Autodesk's offerings in the film, video, and game development industries with its Maya product, and strengthened its position in the manufacturing sector with Alias Studio Tools. This acquisition is expected to drive future growth and product integration.

  4. What is Autodesk's outlook on its subscription program?

    Autodesk views its subscription program as a key growth driver, reporting a 56% increase in maintenance revenue from this program. The company expects maintenance revenues to continue growing both in absolute dollars and as a percentage of total net revenues, providing a more predictable revenue stream.

04—Continue

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