New Autodesk Earnings Report Shows Growth in CAD Subscriptions
Another fiscal year, another chart showcasing a company’s earnings.
The fiscal year 2018 proved to be another high-earning era for Autodesk, as the CAD company reported in its most recent yearly earnings report.
The biggest highlights of the report include a Q4 2018 revenue of $737.3 million and 2018 fiscal year earnings worth $2.57 billion. Since the company separates its Annualized Recurring Revenue (ARR) and subscription plans from its actual revenue, Autodesk was able to provide information that their ARR for the past fiscal year amounted to $2.75 billion.
Their software subscriptions (which the company leases through various channels) also generated an extra $550 million in Q4 2018 while they netted a total of $1.8 billion in earnings for the entire fiscal year.
The other small factors affecting the company’s earnings are Maintenance and Other revenues, which refer to the upkeep of software and training, consultation, and miscellaneous fees respectively. Maintenance revenue for Q4 generated $137.4 million while the entire fiscal year saw a $635.1 million inflow by the category. Additional income, on the other hand, netted $49.9 million while $132.4 million made up the fiscal year.
“We achieved multiple milestones in fiscal 2019 and are entering fiscal 2020 with strong momentum,” said Andrew Anagnost, Autodesk president and CEO. “With less than 20 percent of our revenues coming from maintenance, we are effectively finished with our business model transition and now look forward to executing on our multi-year growth strategy. Our core design offerings and cloud-based solutions for construction, manufacturing and production are benefiting our customers as they undergo their own digital transformations, which offers an ongoing tailwind to our business. We are particularly excited about entering the new fiscal year with an unrivaled portfolio of cloud-based solutions for construction.”
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