Financial reports are always a bit confusing, have to be aware of the terms being used. But based on the businesswire link you posted:
Firstly, those results are pretty old– they are from Nov 2014- Jan 2015. Autodesk fiscal years like its product versions are out 1 year. So ‘fiscal’ year 2015 is calendar year Feb 2014 – Jan 2015 To clarify Autodesk revenue in that period was $665m and M&E $43m – this was for a 3 month period. So M&E came in at about 6.5% that quarter which was an average of about $14 million a month – so it was not an insignificant business even if it was less than 10%. The $1.16 billion is deferred revenue. This was revenue from annual and quarterly subscription plans that had been sold in the past 12 months but which had not yet completed. When a customer purchases an annual subscription plan, the revenue from that plan is spread over its full term - so only ¼ of what was paid is recognized each quarter (assuming, for simplicity’s sake that they purchased the first day of the quarter). So if you buy a $1000 annual contract on the first day of Q1 (Feb 1st), by the end of the quarter (March 31st) only $250 can be recognized as revenue. The remaining $750 is deferred revenue, revenue that will be recognized in future quarters. This is because the $750 is essentially a debt the company owes its subscribers you future services (over the full term of the contract) that have not yet been delivered. It’s a bit hard to compare this with more recent reports because we now use different benchmarks to report subscription business (such as Annual Recurring Revenue). But here is our last quarterly report http://www.nasdaq.com/press-release/autodesk-reports-strong-third-quarter-results-20161129-00969 ‘Revenue’ has declined because we are no longer selling perpetual licenses which was still a large revenue source in 2014-2015. But it was $490m against an ARR of $1.5b (compare that to the deferred revenue of $1.16b to see why wall street views this favorably). M&E was $34million or 6.9% which is still pretty comparable to what it was 2 years ago. Disclaimer I don’t work in finance but this is my understanding of how Autodesk is performing as a business based on its reports maurice Maurice Patel Tél: 514 954-7134 Cell: 514 242-6549 From: softimage-boun...@listproc.autodesk.com [mailto:softimage-boun...@listproc.autodesk.com] On Behalf Of christian Sent: Monday, February 20, 2017 11:06 AM To: Official Softimage Users Mailing List. https://groups.google.com/forum/#!forum/xsi_list <softimage@listproc.autodesk.com> Subject: Re: Maya >Autodesk as a company had missed it's earnings per share and even though media >made up 15% of its budget are you sure about that ? as far as i am aware the media and entertainment sector is just a tiny drop in the whole autodesk bucket. im not a finance guy so maybe i am getting the terms confused but googling some stuff it seems that total revenue for their 4th quarter of 2015 was 1.16 billion, while their media sector pulled in 46 million... media sector which includes numbers for not only maya and max but also stuff like flame and smoke.. http://blog.devoncroft.com/2015/02/27/autodesk-fy-2015-media-entertainment-revenue-declines-13-9-percent/ http://www.businesswire.com/news/home/20150226006454/en/Autodesk-Reports-Strong-Fourth-Quarter-Results#.VPCuEcvwsvg
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