Taken geographically, these results reflected the uneven economic recovery on a global basis. Revenue from the Americas was $161 million, down 1% from the first quarter of fiscal 2010. Revenue from EMEA increased 19% year/year to $199 million. Revenue from Asia Pacific was $115 million, up 21% year/year and up 14% sequentially. Within these results, revenue from emerging economies was $68 million, up 16% from a year ago but down 7% sequentially. (Remember that sequential results are of middling importance to most companies’ fiscal fourth quarter. Incentive programs are usually strongest in Q4 and there’s always a corresponding drop-off in Q1. It is relevant to note where the results increased sequentially, to help gauge the economic effects as distinct from Autodesk’s normal seasonal patterns.)
Looking at this by product type, license revenue was up 15% to $280 million while maintenance was 7% to $195 million.Platform revenue was $184 million, up 12% sequentially and up 18% from a year ago. Revenue from Autodesk’s model-based design (aka “3D model-based”) solutions was $138 million, up 13% year/year. Manufacturing had a particularly good quarter, with revenue up 15% to top $100 million again, at $108 million. Revenue from the Inventor family of products increased 7% sequentially and 21% compared to the first quarter last year.
Autodesk is not releasing guidance for all of 2011 at this point, but does believe that FQ2 revenue will be about $445 million.
Lots more after I listen to the call replay and parse all of the numbers … Come back tomorrow!
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