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Autodesk hits $1 billion in 2004

Autodesk has announced Q4 revenues, along with year-end numbers for 2004. Net income for the quarter grew to $66 million from $58 million, a year ago. The company earned $75 million, or 30 cents per share, in Q4 (excluding a $12 million pretax restructuring charge). Sales rose 21 percent to $356 million from $295 million last year. Fourth-quarter revenue from new commercial seats increased 46 percent over the prior year. For the full year, Autodesk reported earnings of $222 million up from $120 million, a year ago. Overall sales growth was 30% for the year. That means Autodesk hit its long standing goal of generating $1 billion. The actual figure is $1.234 billion, according to the company’s SEC filings.

In the Infrastructure Solutions Division, numbers were up. Revenue was up just 6% over last year, but 20% over last quarter, to $40 million. Autodesk launched Civil 3D last quarter (thought it’d been discussed for nearly a year before that). The French National Railway Authority was one big buyer, picking up 300 seats on subscription. Map 3D saw revenue from new seats jump 20% over last quarter. First Energy contracted for more than $2.5 million for Map 3D and Autodesk Consulting services to update its system for energy delivery. The division saw full year growth revenue rise 22% to $141 million. In March users can expect Map3D 2006 and Civil 3D 2006.

Subscription numbers and subscription revenue seem to be growing. At the end of the year total subscribers numbered more than 600,000, ahead of the goal. While vertical application subscriptions (Map, Civil, Inventor, etc.) outpaced AutoCAD numbers, AutoCAD subscriptions are “catching up” explained Carl Bass, COO and heir apparent to Bartz.