Autodesk Media & Entertainment Revenue Grows 5% in Q3 as Company Continues Shift to Software Only Sales

Posted by Joe Zaller
Nov 19 2010

Autodesk reported that its Q3 revenue from media and entertainment (M&E) was $50m, an increase of 5% compared to the third quarter last year and an increase of 2% versus the previous quarter.  The company, which is most well-known for its CAD software, provides content creation, compositing, color grading and media management products to broadcast and post-production clients.

Year to date, the company’s M&E revenue was $146m, versus $143m during the first nine months of last year.

On the earnings conference call with equity analysts, company president & CEO Carl Bass said that Autodesk is working to transition from what was primarily a bundled business of hardware and software to eventually a software-only business.  “We’ve had a long stated goal of increasing our software component in [the M&E] business while ramping down our hardware… the software business is doing quite well,” said Bass. “We are selling less and less hardware every quarter. I’m very happy with the progress in the [M&E] group and the transition to software. Our competitive position is good there, and our products are used in many of the most important media and entertainment projects.”

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You can read the full Autodesk Q3 earnings press release here.

A transcript of the Q3 earnings conference call is here.

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