In a webcast this week, Autodesk CEO Carl Bass addressed the company’s financials. “As we near the 2-year anniversary of the launch of our design and creation suites, we couldn’t be more pleased with their progress and growth. Revenue from Suites increased 50% over that 2-year period. Suites now represent 30% of total revenue, up from 23% just 2 years ago. We’re delivering exceptional value to our customers, who get to utilize and experience more of our broad product portfolio. What’s more, we have seen a meaningful increase in our ASPs. It’s a win-win. Growth in our Suites help drive the record revenue results in both our AEC and Manufacturing business segments.”
Bass went on to say that the investments made over the past couple of years in major account direct sales continue to pay off. In the fourth quarter, Autodesk had a record 45 transactions that exceeded $1 million in value. This is up 25% year-on-year. The total value for these large deals increased 36% year-on-year. For FY ’13, large deals increased by 18%.
Autodesk’s AEC business had record quarterly results. Strong growth in AEC Suites to the growing implementation of BIM across all disciplines of the AEC industry, including infrastructure. BIM 360 wins in Q4 were concentrated in construction, reflecting Autodesk’s leadership role in providing cloud and mobile technologies to that industry.
From a geographic perspective, Q4 revenue was driven by strong results in Asia-Pacific. Strong growth in Japan and China led APAC’s results. EMEA had modest growth as reported, but was better on a constant currency basis. Results in EMEA were led by strong large deal activity in Northern Europe.