Autodesk reported that its Q4 FY 2013 revenue from its Media and Entertainment segment (M&E) was $47m, a decline of 16% versus the same period a year ago, and a decline of 2% versus the previous quarter.
The potential for M&E revenue decline was telegraphed earlier this year by Autodesk CEO Carl Bass, who said at that time that the company expects its M&E revenue to decline over time as Autodesk incorporates greater functionality into its design suites.
M&E gross margins for the quarter were $38m (81%), up from 79% last quarter.
Media & Entertainment revenue for the full FY 2013 was $194m, down 10% versus the previous year.
M&E gross margins for the full year were 81%, flat with last year.
Press Release: Autodesk Reports Record Fourth Quarter Revenue
Previous quarter: Autodesk Media & Entertainment Revenue Declines 9 percent in Q3 FY 2013
© Devoncroft Partners. All Rights Reserved.