#Autodesk investor relations license#
Monitoring & Control (35% of revenue, or about £117 million) was down 5% cc but up on an organic basis, due to a reduction in license revenue and the disposal of distribution businesses last year. CEO Craig Hayman told investors that “AVEVA experienced tough market conditions across all its geographical reporting segments and Business Units during the first half as disruption from the pandemic caused customer caution and led to delays in some forecast sales.” It’s a consistent story across the business units: Engineering (36% of revenue, so about £120 million) was down 26% cc in the half-year, because of that tough comparable a year ago, some delays in contract signings and the impacts of cuts in capital spending in oil, gas and other verticals rippling through supply chains. To recap, total revenue (for the half-year, since that’s how AVEVA reports) was £333 million, down 15% (down 12% in constant currencies, cc) due to the timing of deals last year, its continuing transition to subscriptions, currency changes, and, of course, a pandemic that slowed down some customers’ decision making processes and pushed deals into the current quarter. That is what is driving these deals - it’s not just usage across users, it’s usage across the breadth of our portfolio.” Many, many more details here, including Autodesk’s fiscal 2022 outlook.ĪVEVA reported more detailed results than hinted at in its preview, which I covered here. I am going to use this much next year, the year after that, the year after that. So they are saying, well, I am using this much Construction Cloud this year. CEO Andrew Anagnost explained the customer’s thought process this way: “A customer might see themselves expanding into industrialized construction, applying both Inventor and Revit more broadly in their process, and they want to make sure they plan for that - or they are going to expand Construction Cloud deeper into their processes. It’s no longer pushing single-user products like Revit but platforms of AEC offerings. We don’t know if it was in AEC but it certainly speaks to how much Autodesk has changed over the years. It’s not material to revenue for right now - but 9 figures is $xxx,xxx,xxx so it will be very material over time. And, on a very cool note: The company reports signing a nine-figure, three-year renewal deal in the quarter. For the fiscal fourth quarter (ending January 31, 2021), Autodesk expects total revenue to be between $999 million and $1,014 million, which brings the fiscal year to $3,750 million to $3,765 million, up 15%. But it’s likely that a significant portion of Autodesk’s AutoCAD and AutoCAD LT revenue, reported separately, is used in AEC contexts the AutoCAD/LT bucket totaled $279 million in the quarter, up 14%.
#Autodesk investor relations software#
And, as you’ll see, all of the AEC software vendors benefit from that broader definition.įirst, the highlights of each company’s most recent quarter:Īutodesk reported total revenue of $952 million up 13%. That also extends the importance of the software that creates, manages, and uses that data. Today, most people in the AEC industries recognize the value of that data, and of keeping it updated as a project moves through the phases of its lifecycle. And that expansion makes sense: for too long, the data created during design and engineering was siloed into those disciplines. Today, the definition has generally expanded to include construction, commissioning, handover, and, in the case of Bentley and AVEVA, operations. First, a quick recap of the individual results, then what investment analysts call a read-across - what it means in a bigger-picture world.ĪEC, historically Architecture, Engineering, and Construction, used to refer to the design and engineering tools used to specify buildings, roads, bridges, power plants, oil rigs, chemical and pharmaceutical plants … all of the built assets we see around us. Autodesk, AVEVA, Bentley, and Nemetschek reported results for their most recent financial quarter over the last few weeks and it’s time to catch up.
0 kommentar(er)
