Autodesk reports sluggish 3rd quarter due to subscriptions

News concerning 3D DCC business
Post Reply
Bullit
Moderator
Posts: 2621
Joined: 24 May 2012, 09:44

Autodesk reports sluggish 3rd quarter due to subscriptions

Post by Bullit » 22 Nov 2015, 17:06

http://gfxspeak.com/2015/11/21/autodesk ... -sluggish/

The third quarter did not treat Autodesk (NASDAQ: ADSK) kindly. Revenue was up 2% only when measured in constant currencies; otherwise it was down 3% year-over-year. Subscriptions increased by 80,000 sequentially but deferred revenue fell. Billings fell 4%, and Autodesk reported an operating loss. As it that wasn’t enough, a 1% drop in marketing expenses coincided with a 3% drop in revenue.

Digging deeper into revenue: License revenue: $280.9 million, down 12%; Subscription revenue: $318.9 million, up 7%.

They are still optimistic that things will get better.

- See more at: http://gfxspeak.com/2015/11/21/autodesk-reports-sluggish/#sthash.bN25YmlV.dpuf

Helli
Posts: 211
Joined: 04 Jun 2009, 11:21

Re: Autodesk reports sluggish 3rd quarter due to subscriptions

Post by Helli » 22 Nov 2015, 18:28

Well I guess for us Users this could be good or bad.
Either this means they invest more to produce better Updates and sell more licenses again or it might mean they cut some jobs in the future.

User avatar
Hirazi Blue
Administrator
Posts: 5107
Joined: 04 Jun 2009, 12:15

Re: Autodesk reports sluggish 3rd quarter due to subscriptions

Post by Hirazi Blue » 22 Nov 2015, 20:16

This kind of sluggishness is something they probably shrug off rather easily.
No need to worry for them at this point in time, one would imagine.
:-?
Stay safe, sane & healthy!

Bullit
Moderator
Posts: 2621
Joined: 24 May 2012, 09:44

Re: Autodesk reports sluggish 3rd quarter due to subscriptions

Post by Bullit » 22 Nov 2015, 21:22

Yep.

User avatar
Tekano
Posts: 488
Joined: 09 Jun 2009, 14:49
Location: London, UK

Re: Autodesk reports sluggish 3rd quarter due to subscriptions

Post by Tekano » 22 Nov 2015, 21:48

came across this guy recently. seems to have some kind of insider info. literally. I think, from reading so far, him and his CAD company got engulfed, he tried to change it from the inside, much disgruntlement ensued.

http://www.freesteel.co.uk/wpblog/2015/ ... -autodesk/

and some earlier Autodesk appreciation

http://www.freesteel.co.uk/wpblog/2014/ ... -autodusk/
Gossip is what no one claims to like, but everybody enjoys.

User avatar
Hirazi Blue
Administrator
Posts: 5107
Joined: 04 Jun 2009, 12:15

Re: Autodesk reports sluggish 3rd quarter due to subscriptions

Post by Hirazi Blue » 23 Nov 2015, 10:49

Wow. In this business this probably amounts to professional suicide, I daresay... :ymbringiton:
Thanks for the links, they are quite illuminating!!!
Stay safe, sane & healthy!

User avatar
Daniel Brassard
Posts: 878
Joined: 18 Mar 2010, 23:38
Location: St. Thomas, Ontario
Contact:

Re: Autodesk reports sluggish 3rd quarter due to subscriptions

Post by Daniel Brassard » 23 Nov 2015, 18:33

Digging deeper into revenue: License revenue: $280.9 million, down 12%; Subscription revenue: $318.9 million, up 7%.
I would say that this is expected as AD is moving away from offering perpetual licenses for their software (that revenue stream will go down) toward subscriptions and rentals (revenue stream to go up). Remain to be seen if the change of business model will be successful, too early to say if the revenues generated by subscriptions and rentals will outgrow the old license model.

There are other factors that could impact the business model: AD offering and demand of it's products, customer satisfaction, competition and industry re-structuring to name a few, all of which with the potential to impact AD bottom-line (negatively or positively). You only need a slow market economy or a civil unrest to screw up any of those business models.

My two cents.
$ifndef "Softimage"
set "Softimage" "true"
$endif

User avatar
Tekano
Posts: 488
Joined: 09 Jun 2009, 14:49
Location: London, UK

Re: Autodesk reports sluggish 3rd quarter due to subscriptions

Post by Tekano » 23 Nov 2015, 22:17

latest: Autodesk recovers post earnings losses - CEO reportedly discussed google alphabet robotics job?

http://seekingalpha.com/news/2947216-au ... email_link
Gossip is what no one claims to like, but everybody enjoys.

Bullit
Moderator
Posts: 2621
Joined: 24 May 2012, 09:44

Re: Autodesk reports sluggish 3rd quarter due to subscriptions

Post by Bullit » 25 Nov 2015, 23:13

latest: Autodesk recovers post earnings losses- CEO reportedly discussed google alphabet robotics job?

That is just the stock value going up. The other part is interesting.

Post Reply

Who is online

Users browsing this forum: No registered users and 39 guests