Last night, Autodesk reported results for fiscal Q4 and fiscal 2015 (ended January 31) that, well, beat just about all expectations. I need to study the details but:

  • Total revenue was up 13% percent to $665 million in FQ4, versus an analyst consensus of $650 million and the company’s forecast of $640 million. That’s great — causing the share price to dip this morning is the news that profit fell sharply from $54 million a year ago to $12 million in FQ4
  • Delcam contributed $20 million in FQ4
  • Autodesk reports adding 100,000 subscriptions in FQ4 for a total of 385,000 in FY15, above the 325,000-375,000 net subscribers the company expected to add as recently as November. Included in the FQ4 count is 17,000 subscriptions from the Shotgun Software acquisition last June
  • By business segment, AEC revenue was up 24% to $242 million; Manufacturing was up 23% to $190 million; Platform Solutions/Emerging Business revenue was down 4% to $189 million; and Media/Entertainment revenue was up 5% to $43 million
  • By geo, revenue from the Americas was up 15% to $238 million; from EMEA, up 19% to $273 million; from APAC, up 2% to $154 million
  • CEO Carl Bass said these results “capped off a terrific year,” with “strength in our core AEC and Manufacturing business segments.”
  • For FQ1 the company forecasts revenue in a range of $625 million to $645 million, flat to up 3%
  • For the full year 2016 the company projects revenue to increase 3% to 5% to between $2.58 billion and $2.64 billion. Finally, the company expects to add 375,000 to 425,000 subscriptions in FY16.

Lots more after I’ve had a chance to get the replay.