However, we believe this slowdown is attributable to the increased Covid-19 lockdowns in China this year and is likely to recover beyond 2022.īased on its Investor Day 2021 presentation, the company highlighted the increase of the penetration rate of Building Information Modeling (BIM) tools by 15% in Japan from FY2020 to FY2022 compared to the US where it increased by 9% to 36%, which indicates the growing demand for its software products in the region. For the Asia Pacific segment, its growth had been above its total average in the past 5 years but slowed down in Q1 2023. On the other hand, its EMEA and the Asia Pacific had a 5-year average growth of 16.7% and 19.3% respectively. Notwithstanding, its total Americas growth had accelerated in Q1 2023 at 24% YoY as both US and other Americas growth increased. That said, its average revenue growth from the total Americas (16.9%) had been slightly below its total company average (17.2%) as its US segment average growth was lower at only 16.2%. The Americas accounted for its largest revenue in 2022 (40.2%) followed by EMEA (38.8%) and lastly Asia Pacific as its smallest (21%). Revenue Growth Supported By Expansion In The Asia PacificĪutodesk Revenue By Geographic Region ($ mln)īased on the table above, its revenue geography is split across the Americas (the US and other Americas), EMEA and the Asia Pacific. Thus, we expect its revenue growth to be driven by both its AutoCAD and AEC segments as these segments had been its fastest growing segments at 30.9% and 17.8% respectively, and were the only segments with above company average growth (17.2%) as well as taking into consideration the company's focus on improving its AutoCAD and AEC products with new features and extended partnerships with large enterprise customers. In contrast, its Media and Entertainment segment’s growth accelerated in 2022 and continued to grow by 24% in Q1 2023 but only accounted for 6% of total revenue while its other revenue growth had been volatile with an average of 9.1%. On the other hand, its other segments' growth including Manufacturing (8.4%) consistently had below-average growth in the past 5 years. For example, it recently released a set of new features for its 2023 software version. The company continued to focus on its AutoCAD products with product enhancements. That said, its revenue growth was skewed upwards by the surge in growth of 82.3% in 2019 but its average growth excluding 2019 is 20.7% which still makes it the fastest growing segment. However, its second-largest product family is AutoCAD which represented 29% of revenue but had a superior average growth of 30.9% in the past 5 years including Q1 2023 and well above its total revenue average growth of 17.2%. Moreover, the company also announced new features including Bridge to enable greater collaboration between construction teams. According to management in its latest earnings briefing, the company had extended its partnerships with existing customers such as AECOM, a Fortune 500 consulting firm involved in design, planning and construction management, for its AEC segment with a renewed enterprise business arrangement (EBA) with Autodesk. Products Revenue Growth Driven By AutoCAD and AEC SegmentĪutodesk Revenue By Product Family ($ mln)Īrchitecture, Engineering and Construction ('AEC')īased on its revenue breakdown, its largest product family is Architecture, Engineering and Construction (AEC) which represented 45% of its revenues in FY2022 and had an average growth of 17.8% which was above its total company average of 17.2%. We looked into its revenue breakdown by its product families, geography and distribution channels to determine which segment (which has greater than 10% of revenue) had driven its growth. We analyzed the company as its average revenue growth had accelerated in the past 5 years from 7.91% (10-year average) to 17.2%. Entering an incorrect product key will result in activation errors for that product.Based in California, Autodesk, Inc ( NASDAQ: ADSK) is a software company specializing in CAD software. Note: Please ensure you are using the correct product key for the Autodesk product and version you are installing. The same version of AutoCAD is in both software packages but the product key differentiates one package from the other. For example, installing AutoCAD 2019 as a point product requires product key 001K1, but installing AutoCAD 2019 from the AutoCAD Design Suite Premium 2019 requires product key 768K1. Product keys are required for installation of Autodesk products and are used to differentiate products that are both sold independently and as part of a product suite.
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