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by Stephanie Neil, MA Editorial Staff
Posted on Friday, August 17, 2007 5:00:00 PM Sign Up to receive Daily News Alerts in your E-mail Inbox    | Abstract: | As second-quarter sales for the CAD specialist rise 17% year over year and the bottom line grows by 6%, Autodesk sees fit to raise its revenue forecast for the year. |
| Keywords: | Autodesk, CAD, 3D design, PLM, product lifecycle management, digital prototyping, digital factory, design software, product life cycle, Carl Bass |
CAD provider Autodesk Inc., in step with growth predictions for the broader product lifecycle management market, saw strong results in its second quarter, stimulated by demand for 3D design software and a fired-up sales channel. For the fiscal quarter ended July 31, 2007, Autodesk reported net income of $91.6 million on sales of $525.9 million. Income was up 6% from $86.9 million in the same period last year while sales jumped 17%, from $449.6 million in the second quarter of fiscal 2006. Diluted net income per share rose $.02 year over year to $0.38. The industry's shift from 2D to 3D design tools for digital prototyping has inspired Autodesk to shift its reseller incentive program to focus on selling model-based 3D products, including Inventor, Revit, and Civil 3D. As a result, combined revenue from 3D products reached $122 million, representing 23% of total revenue for the quarter. In the same quarter last year, 3D revenue was $91 million, representing 20% of total sales. [Click to continue] |
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