Autodesk, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended January 31, 2022
February 25, 2022 at 02:33 am IST
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Autodesk, Inc. reported earnings results for the fourth quarter and full year ended January 31, 2022. For the fourth quarter, the company reported revenue was USD 1,211.6 million compared to USD 1,039.2 million a year ago. Net income was USD 89.1 million compared to USD 911.3 million a year ago. Basic earnings per share from continuing operations was USD 0.41 compared to USD 4.15 a year ago. Diluted earnings per share from continuing operations was USD 0.4 compared to USD 4.1 a year ago.
For the full year, revenue was USD 4,386.4 million compared to USD 3,790.4 million a year ago. Net income was USD 497 million compared to USD 1,208.2 million a year ago. Basic earnings per share from continuing operations was USD 2.26 compared to USD 5.51 a year ago. Diluted earnings per share from continuing operations was USD 2.24 compared to USD 5.44 a year ago.
Autodesk, Inc. is one of the world's leading producers of digital design and layout software for PC and the Internet. Net sales break down by family of products and services primarily as follows:
- design software programmes (92.8%): construction and civil engineering software (49% of net sales; software for modeling architectural plans, optimizing cartographic data, compiling digital drawings, topographic reliefs, etc.), platform technologies (29.9%; for automating design, management and sharing of documents, etc.), 2D and 3D mechanical design software (21.1%). Moreover, the group offers consulting, assistance, and training services;
- visualization and animation software programmes (5.8%): primarily intended for the media sector;
- other (1.4%).
Net sales break down by activity into subscription sales (92.9%), maintenance services (1.3%) and other (5.8%).
Net sales are distributed geographically as follows: the United States (34.4%), Americas (7.4%), Europe/Middle East/Africa (38.1%) and Asia/Pacific (20.1%).