Autodesk Q4 revenue up 12%
Autodesk announced today that its fourth quarter profit rose a better than expected 12% on strong revenue growth in all of its main markets.
The design software firm reported total net revenues for the quarter of $592million, up from $527.7m in the prior year quarter. Revenue for the full fiscal year was slated at $2.22billion, an increase of 14% compared to fiscal 2011.
"Our strong fourth quarter performance capped a terrific year for Autodesk," said Carl Bass, Autodesk president and ceo. "We finished the year with another strong quarter of diversified revenue growth and increased profitability. Demand for our AutoCAD, and AutoCAD LT products led to strong revenue growth across all of our geographies and record revenues in the Americas."
The release of the company's new cloud based initiatives and PLM software was also said to be a key driver of growth.
