What was Autodesk's revenue growth for the nine months ended October 31, 2011, and what were the key drivers?

For the nine months ended October 31, 2011, Autodesk reported a 14% increase in net revenue to $1,623.2 million. This growth was driven by increases in both license and other revenue (up 17%) and maintenance revenue (up 9%). Specific product suites and strong performance across all geographic segments, particularly Asia Pacific, also contributed to the overall revenue increase.

How did Autodesk's profitability change during this period?

Autodesk demonstrated significant improvement in profitability. Income from operations increased by 32% to $263.8 million, leading to an expanded operating margin of 16% from 14% in the prior year period. This was achieved through revenue growth outpacing operating expense growth and effective cost containment measures.

What is the significance of the product suites strategy for Autodesk's revenue?

Autodesk's strategy of focusing on product suites has been successful. For the nine months ended October 31, 2011, revenue from suites increased by 33% and represented 27% of total net revenue, up from 23% in the prior year period. This indicates a growing customer adoption of integrated software solutions.

Did Autodesk engage in any acquisitions, and if so, what was their impact?

Yes, Autodesk completed several acquisitions during the nine months ended October 31, 2011, including Scaleform Corporation, Blue Ridge Numerics, Inc., Instructables, Inc., and Micro Application Packages Limited (MAP). These acquisitions are expected to enhance Autodesk's technology offerings and market position, and their results have been included in the consolidated financial statements since their respective acquisition dates, though individually and in aggregate, they were not material to Autodesk's overall financial statements.

ADSK 10-Q Quarterly Report Q3 FY2012 — Revenue, Net Income, EPS

Summary

Autodesk, Inc. (ADSK) reported strong financial performance for the nine months ended October 31, 2011, demonstrating significant year-over-year growth. Net revenue increased by 14% to $1,623.2 million, driven by robust growth in both license and maintenance revenue. Income from operations saw a substantial 32% increase, reaching $263.8 million, reflecting improved operating margins and effective cost control. The company also benefited from successful acquisitions, particularly Scaleform, Blue Ridge Numerics, Instructables, and MAP, which contributed to goodwill and intangible assets, and bolstered the company's segment performance. Autodesk's strategic focus on product suites, evident in the 33% revenue increase from these offerings, continues to drive growth. The company also highlighted strong performance in the Asia Pacific region, with revenue up 22%, and noted the resilience of its business despite global economic uncertainties. The repurchase of common stock remained a key capital allocation strategy, with $263.7 million spent in the first nine months. With a solid cash position of $1,534.2 million and no outstanding borrowings on its credit facility, Autodesk appears financially well-positioned for continued investment and growth.

Financial Highlights

48 data points

Beta

Revenue

$548.60M

0.9% Gross Margin

Net Income

$72.80M

0.1% Net Margin

EPS (Diluted)

$0.32

Total Assets

$3.00B

Cash & Equivalents

$1.10B

Free Cash Flow

$128.80M

Financial Statements

Beta

Revenue	$548.60M
Cost of Revenue	$59.60M
Gross Profit	$489.00M
R&D Expenses	$141.20M
Operating Expenses	$398.80M
Operating Income	$90.20M
Net Income	$72.80M
EPS (Basic)	$0.32
EPS (Diluted)	$0.32
Shares Outstanding (Basic)	227.10M
Shares Outstanding (Diluted)	230.70M

Key Highlights

1Net revenue for the nine months ended October 31, 2011, increased by 14% to $1,623.2 million compared to the prior year period.
2Income from operations rose significantly by 32% to $263.8 million, indicating improved profitability and operational efficiency.
3Revenue from product suites saw substantial growth of 33% for the nine months ended October 31, 2011, showing the success of this strategic initiative.
4The Asia Pacific region exhibited strong revenue growth of 22% for the nine months ended October 31, 2011.
5Autodesk completed several strategic acquisitions during the period, including Scaleform, Blue Ridge Numerics, Instructables, and MAP, enhancing its technology portfolio and market reach.
6The company maintained a strong liquidity position, with cash, cash equivalents, and marketable securities totaling $1,534.2 million as of October 31, 2011.
7Autodesk repurchased $263.7 million of its common stock during the first nine months of the fiscal year, demonstrating a commitment to returning capital to shareholders.

Autodesk, Inc. Quarterly Report for Q3 Ended Oct 31, 2011

Summary

Financial Highlights

Key Highlights

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