About Autodesk, Inc.
Autodesk is a leading provider of computer-aided design software, offering a broad portfolio of 3D computer-aided design (CAD) applications and tools. Its AutoCAD and Revit software programs are used by architects, engineers, and structural designers to design, draft, and make models of products, buildings, and other objects. The company also provides 3D animation software for movies and games as well as applications for manufacturing, construction, and civil engineering. Autodesk is shifting its tools and services to cloud-based applications and has developed CAD programs for mobile devices. Customers in the US account for about a third of sales. Autodesk pioneered computer-aided design software, introducing the first AutoCAD program in 1982.
Autodesk's biggest operating segment is Architecture, Engineering, and Construction, which generates more than 40% of revenue. It develops software for designing, building, and managing buildings, civil infrastructure, and manufacturing plants. The segment's BIM 360 product helps manage construction projects. BIM stands for building information modeling.
The Manufacturing segment, which generates more than 20% of revenue, makes prototyping software for manufacturers of automotive, industrial machinery, consumer, and building products.
The AutoCAD and AutoCAD LT business, which accounts for close to 30% of revenue, is the home of Autodesk's flagship product and biggest revenue producer, AutoCAD. The companion product, AutoCAD LT, allows sharing of documents.
The Media and Entertainment segment, more than 5% of revenue, offers computer animation programs such as Autodesk Maya, for design visualization, visual effects, and games production.
Overall, subscription revenue generates almost 85%, followed by maintenance for over 10%, while the rest comes from other.
Autodesk's revenue is spread among its major geographic regions. The US is Autodesk's biggest single market, accounting for about a third of sales, but the Europe, Middle East, and Africa region generates roughly 40% of sales and the Asia/Pacific region accounts for about 20% of sales. The company's products are translated and localized for users who speak German, French, Italian, Spanish, Russian, Japanese, Korean, and simplified and traditional Chinese. Autodesk is based in San Rafael, California.
Sales and Marketing
Although about 70% of Autodesk's sales are made through its network of 1,500 distributors and resellers around the world, approximately 35% of total revenue funnels through one distributor, Tech Data Corp.
Autodesk sells directly to enterprise and named account customers as well as those who buy from its online store
Total advertising expenses incurred were $42.2 million in fiscal 2020, $37.5 million in fiscal 2019, and $31.1 million in fiscal 2018.
Autodesk's revenue is on a three-year upswing after declining for two years. Autodesk's net income resurfaced in 2020 after four years of net loss.
Sales surged 27% to $3.3 billion (a company record) in 2020, from about $2.6 billion in 2019. The most evident growth ($356 million) came from architecture, engineering, and construction.
Autodesk's profit in 2020 was $214.5 million compared to a loss of $80.1 million in 2019.
The company's cash holdings were about $1.8 billion in 2020 compared to $886 million in 2019. Operating activities produced $1.4 billion in 2020 while investing activities used $57.3 million and financing activities used $466.8 million.
Autodesk's strategy is to build enduring relationships with customers, delivering innovative technology that provides valuable automation and insight into their design and makes the process. To drive the execution of this strategy, the company is focused on three strategic priorities: delivering on the promise of subscription, digitizing the company, and reimagining construction, manufacturing, and production.
To support its strategic priority of re-imagining construction, in 2019, Autodesk strengthened the foundation of its construction solutions with both organic and inorganic investments. In addition to investing in its BIM 360 portfolio, Autodesk acquired Assemble Systems for quantity take off functionality, PlanGrid for document-centric workflows and field execution, and BuildingConnected for bidding and estimation processes.
Autodesk continued investing in its construction products in its 2019 fiscal year with internal research and acquisitions. To beef up its BIM 360 product, the company bought Assemble Systems (for better data access), PlanGrid (for document-based workflows and field execution), and BuildingConnected (for improved bidding and estimation processes). Broadening the product's offerings expands its utility for sub-contractors, trades people, and building owners.
Mergers and Acquisitions
Autodesk acquired San Francisco, California-based, BuildingConnected, a digital network for the construction industry with about 700,000 participants, for about $275 million in early 2019. BuildingConnected centralizes the bid management process and risk analysis, adding to Autodesk's offerings for the construction industry. The company is to integrate BuildingConnected's tools with its Autodesk BIM 360, Revit, and AutoCAD applications. With the acquisition of BuildingConnected, the company has now a strong portfolio for empowering the technological transformation of the construction industry.
John Walker founded Autodesk in 1982 as a diversified PC software supplier, and when he bought the software rights to AutoCAD from inventor Michael Riddle, Autodesk took off. While competitors went after more complex computer systems, Autodesk focused on PC software. When PC sales boomed in the early 1980s, the firm was there to take advantage of a growing market. Autodesk went public in 1985.
111 Mcinnis Pkwy
San Rafael, CA 94903-2700
Phone: 1 (415) 507-5000
Employer Type: Publicly Owned
Stock Symbol: ADSK
Stock Exchange: , NASDAQ
Interim Co-CEO, SVP, and Chief Marketing Officer: Andrew Anagnost
Chairman: Crawford W. Beveridge
Interim Co-CEO, SVP, and Chief Product Officer: Amar Hanspal
Employees (This Location): 400
Employees (All Locations): 10,100
San Rafael, CA
Palo Alto, CA
San Francisco, CA
San Rafael, CA
New Delhi, India
Ho Chi Minh, Vietnam