Autodesk Bullish on 2013 But Media & Entertainment Division Lags

19 Jun

SCRI's NewsBriefs

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Autodesk reaffirmed its business outlook for the second quarter and full year fiscal 2013, initially provided on May 17, 2012. Net revenue for fiscal 2013 is expected to increase by at least 10 percent compared to fiscal 2012.  However the Media & Entertainment (M&E) Division declined 5% — this division is responsible for animation and finishing products like Maya, 3dsMax and Smoke.

Revenue from the M&E business segment was $51 million, a decrease of 5 percent compared to
the first quarter last year and 9 percent sequentially. Revenue from animation products
including Maya, 3dsMax, and our Entertainment Creation Suites decreased 2 percent compared
to the first quarter last year and 3 percent sequentially. Several of the animation products,
including 3dsMax, are now available in the design suites and as a result, many customers no
longer need to purchase these products separately. So as customers migrate to our new suites,
we are starting to see reported revenue for the stand-alone versions of those animation products
decline.
Revenue from Creative Finishing decreased 14 percent compared to the first quarter last year and 22 percent sequentially. The decrease in revenue fromCreative Finishing is related to customers delaying purchase in anticipation of a new third-party
hardware platform that is expected to be released this quarter (second quarter fiscal 2013), and
Smoke for the Mac product, which will be released in Autodesk’s fiscal third quarter fiscal
2013.
Year-over-year growth in the first quarter was fueled by strength in Asia Pacific and the Americas, while economic conditions influenced uneven results in EMEA and emerging countries.
Total net revenue for the first quarter was $589 million, an increase of 11 percent compared to
the first quarter last year as reported and 9 percent on a constant currency basis. Total net
revenue for the first quarter decreased 1 percent sequentially as reported and on a constant
currency basis.
In general, revenue experienced weakness in most of southern
Europe and had better results in central Europe including a record quarter in Germany. Within
EMEA the company had good performance in  manufacturing and AEC business segments, while
PSEB and M&E did not do as well.
Revenue in the Americas was $208 million, an increase of 14 percent compared to the first
quarter last year and a decrease of 8 percent sequentially. The Americas region was led by
strong year-over-year growth in the U.S. and Canada.

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