NOTE: All constant currency calculations are said to remove the impact of foreign currency fluctuations and any hedge gains or losses recorded to revenue within the current and prior period as a result of Autodesk’s hedging program.
Revenue from the Platform Solutions and Emerging Business segment was $210 million, an increase of 21% compared to the third quarter last year. Revenue from the Architecture, Engineering and Construction business segment was $152 million, an increase of 12% compared to the third quarter last year. Revenue from the Manufacturing business segment was $134 million, an increase of 14% compared to the third quarter last year. Revenue from the Media and Entertainment business segment was $53 million, an increase of 6% compared to the third quarter last year.
“We continue to advance on our plan of driving revenue growth and expanding our operating margin, controlling our costs, and making appropriate investments in the future of our business,” said
Mark Hawkins, Autodesk Executive Vice President, Chief Financial Officer.
“Our cash flow from operating activities remained strong, growing 20%, and helped fund a number of small, but important, business and technology acquisitions and strategic investments during the quarter. Our balance sheet remains solid with over $1.5 billion in cash and marketable securities and no debt,” concluded Hawkins.
Autodesk Business Outlook
The following statements are forward-looking statements that are based on current expectations and assumptions, and involve risks and uncertainties some of which are set forth below.
Nominal Fourth Quarter 2011