Autodesk, Inc. (NASDAQ: ADSK) is an American multinational corporation that focuses on 2D and 3D design software for use in architecture, engineering and building construction, manufacturing, and media and entertainment. Autodesk was founded in 1982 by John Walker, a coauthor of early versions of the company's flagship CAD software product AutoCAD, and twelve others. It is headquartered in San Rafael, California.
Autodesk became best-known for its flagship computer-aided design software AutoCAD. In addition to AutoCAD, Autodesk develops Digital Prototyping solutions[2] to visualize, simulate, and analyze real-world performance using a digital model during the design process. The company also develops Building Information Modeling software to generate and manage building data using a three-dimensional building model. Autodesk also provides digital media creation and management software from film and television visual effects, color grading, and editing to animation, game development, and design visualization.
Autodesk, Inc. (Autodesk), incorporated in April 1982, is a design software and services company. The Company serves customers in the architecture, engineering and construction, manufacturing, and digital media and entertainment industries. The Company operates in four segments: Platform Solutions and Emerging Business (PSEB), Architecture, Engineering and Construction (AEC), Manufacturing (MFG) and Media and Entertainment (M&E). The Company’s PSEB, AEC and MFG segments derive revenue from the sale of licenses for software products and services to customers who design, build, manage or own building, manufacturing and infrastructure projects. The principal software products of these segments include general design software, including AutoCAD and AutoCAD LT (horizontal design products), discipline-specific design software, including AutoCAD-based products (vertical design products), model-based design software, including Autodesk Inventor products, Autodesk Revit products, AutoCAD Civil 3D, and Autodesk Moldflow. In addition to software products, the PSEB, AEC and MFG segments offer a range of services including consulting, support and training. In January 2009, the Company completed the acquisition of ALGOR, Inc., a provider of analysis and simulation software. In November 2009, it acquired PlanPlatform Ltd. In July 2010, it acquired Illuminate Labs. In March 2011, the Company acquired Scaleform Corporation. In March 2011, the Company acquired Blue Ridge Numerics, Inc.
Platform Solutions and Emerging Business and Other
PSEB includes Autodesk’s horizontal design product AutoCAD product. Autodesk’s AutoCAD product is a platform product that underpins the Company’s vertical design product offerings for the industries it serves. AEC and MFG offer tailored versions of AutoCAD software for the industries they serve. Autodesk’s AutoCAD product also provides a platform for Autodesk’s developer partners to build custom solutions for a range of diverse design-oriented markets. PSEB’s revenue primarily includes revenue from sales of licenses of Autodesk’s horizontal design products, AutoCAD and AutoCAD LT, as well as many of Autodesk’s vertical design products. AutoCAD software provides digital tools that can be used independently and in conjunction with other specific applications in fields ranging from construction to manufacturing, civil engineering and process plant design.
Architecture, Engineering and Construction
AEC software products help to improve the way building, civil infrastructure, process plant and construction projects are designed, built and managed. Autodesk AEC solutions include advanced technology for building information modeling (BIM), AutoCAD-based design and documentation productivity software, and sustainable design analysis applications, and collaborative project management solutions. BIM, an integrated process for building and infrastructure design, analysis, documentation and construction, uses consistent, coordination information to improve communication and collaboration between the extended project team. AEC provides a portfolio of BIM solutions that help customers deliver projects, while minimizing environmental impact. AEC’s revenue primarily includes revenue from the sales of licenses of Autodesk Revit, AutoCAD Civil 3D, AutoCAD Architecture and AutoCAD Map 3D products. The Autodesk Revit products, including AutoCAD Revit Architecture Suite, AutoCAD Revit MEP Suite and AutoCAD Revit Structure Suite, provide an intuitive model-based design and documentation system for architects; mechanical, electrical and plumbing (MEP) engineers; structural engineers; design-build teams, and other design and building industry professionals. AutoCAD Civil 3D products provide a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects. AutoCAD Map 3D software provides direct access to data needed for infrastructure planning, design and management activities.
Manufacturing Solutions
MFG provides the manufacturers in automotive and transportation, industrial machinery, consumer products and building products with digital prototyping solutions that brings together design data from all phases of the product development process to develop a single digital model created in Autodesk Inventor software. Autodesk’s solutions for digital prototyping enable a group of manufacturers to realize benefits with minimal disruption to existing workflows. MFG’s revenue primarily includes revenue from the sales of licenses of Autodesk Inventor, AutoCAD Mechanical and Autodesk Moldflow products. Autodesk Inventor software allows manufacturers to go beyond three dimensional (3D) design to digital prototyping by giving engineers a and flexible set of tools for 3D mechanical design, simulation, analysis, tooling, visualization and documentation. AutoCAD Mechanical software is purpose-built to accelerate the mechanical design process.
Media and Entertainment
M&E is comprised of two product groups: Animation, including design visualization, and Advanced Systems. Animation products, such as Autodesk 3ds Max and Autodesk Maya, provide tools for digital sculpting, modeling, animation, effects, rendering, and compositing, for design visualization, visual effects and games production. Advanced Systems products provide editing, finishing and visual effects design and color grading. Autodesk 3ds Max software provides 3D modeling, animation and rendering solutions that enable game developers, design visualization professionals and visual effects artists to digitally create realistic images, animations and complex scenes and to digitally communicate abstract or complex mechanical, architectural, engineering and construction concepts. Autodesk Maya software provides 3D modeling, animation, effects, rendering and compositing solutions that enable film and video artists, game developers and design visualization professionals to digitally create engaging, lifelike images, realistic animations and simulations, and extraordinary visual effects. Autodesk Flame, Autodesk Inferno and Autodesk Flint systems are its scalable line of interactive real-time visual effects design and finishing solutions. These products service a wide range of client workflows from interactive broadcast design to real-time high-resolution film work.
The Company competes with Adobe Systems Incorporated, ANSYS, Inc., Bentley Systems, Incorporated, Dassault Systemes S.A., Environmental Systems Research Institute, Inc. (ESRI), Google Inc., Intergraph Corporation, Nemetschek AG, Parametric Technology Corporation, Siemens Product Lifecycle Software, Inc., Apple Inc., Avid Technology, Inc., SONY Corporation and Thomson.
Autodesk's products had applications in a wide variety of fields, including architecture, engineering, construction, geographic information systems, mechanical design, and videography. Among Autodesk's major clients were Chevron, Kohler, Sony Pictures, and Japan's Nippon Telegraph and Telephone Corporation. Chevron used a combined package of AutoCAD Release 12, ADE software, and an Autodesk Geological Information System program to monitor its assets and leases on land and offshore; Kohler used AutoCAD, AutoSurf, and AutoMill to design plumbing fixtures such as bathtubs, toilets, and sinks; and Sony Pictures employed 3D Studio in plotting camera angles prior to actual filming. In addition, Autodesk earned a $550 million contract to provide CAD 2 to the Naval Facilities Engineering Command.
Autodesk continued to cooperate with other software purvey-ors, forming alliances in which the companies involved produced programs while maintaining their autonomy. In 1993, Autodesk developed a means of using AutoCAD Release 12 on an IBM OS/2 2.0 operating system, and, the following year, Autodesk announced a cooperative venture with Xaos Tools, Inc., intended to produce image-processing software compatible with Autodesk's 3D Studio Release 3. Autodesk also announced the release of AutoSketch 2 for Microsoft's Windows. Other joint ventures included an agreement with Microsoft to develop Microsoft-compatible CAD programs for integration into Microsoft Office; the formation of a consulting agreement with UGC Consulting, a firm knowledgeable about the Geological Information Systems market; and an agreement with Silicon Graphics to jointly develop and release a program integrating a rendering feature of Autodesk's 3D Studio Release 3 into a Silicon Graphics program as well as to develop a Silicon Graphics-compatible edition of Autodesk's AutoVision.
In 1994, Autodesk operated approximately 750 Training Centers worldwide for the purpose of educating users in the applications of AutoCAD and other Autodesk software. Autodesk depended upon a network of dealers, distributors, and direct sales to disseminate its products, and devised a system of cooperation with third party software developers. This system, called AutoCAD Development system, or ADS, was devised in 1990 and was structured to encourage independent software developers to create add-on programs for Autodesk products and new applications for Autodesk's technologies. Over 2,000 independent developers worked to create specialized applications using Autodesk programs in 1994.
In the mid-1990s, Autodesk owned no real property; all facilities for management, product development, marketing, and production activities throughout the United States, Europe, and Asia were leased, including the facilities in Neufchatel, Switzerland, opened in 1993 at an expense of $1.4 million, in order to concentrate Autodesk's European production. Although Autodesk owned most of the equipment used in its business, the company's intellectual property and its network of programming and business talent were regarded as its chief assets.
Autodesk, like many other software companies, was challenged by the effects of software piracy in the early 1990s. In order to combat this practice, Autodesk joined forces with other high technology firms to form several regional organizations, including the Canadian Alliance Against Software Theft (CAAST) and the Business Software Alliance (BSA). The company has prevailed in litigation to protect its copyrights, including a 1994 suit against Cadisys Corporation, the result of which was a $100,000 settlement in Autodesk's favor on May 23, 1994.
As technology in the computer software industry changed, Autodesk remained flexible and willing to explore new technological and business possibilities, hoping to maintain its rank among the leading software companies. Autodesk's expansion into multimedia appeared to be keeping pace with, and even anticipating, market needs for innovations in these fields.
Principal Subsidiaries: Autodesk Retail Products, Inc.; Micro Engineering Solutions, Inc.
OVERALL
Beta: 2.11
Market Cap (Mil.): $10,250.94
Shares Outstanding (Mil.): 227.90
Annual Dividend: --
Yield (%): --
FINANCIALS
ADSK.O Industry Sector
P/E (TTM): 49.70 23.87 19.31
EPS (TTM): 269.52 -- --
ROI: 11.58 9.85 16.24
ROE: 13.75 12.83 17.90
Statistics:
Public Company
Incorporated: 1982
Employees: 1,565
Sales: $353.2 million
Stock Exchanges: NASDAQ
SICS: 7372 Prepackaged Software
Name Age Since Current Position
Beveridge, Crawford 64 2009 Non-Executive Chairman of the Board
Bass, Carl 53 2009 President, Chief Executive Officer, Director
Hawkins, Mark 51 2009 Chief Financial Officer, Executive Vice President
Bradshaw, Christopher 48 2007 Senior Vice President, Chief Marketing Officer
Di Fronzo, Pascal 46 2007 Senior Vice President, General Counsel, Secretary
Becker, Jan 58 2000 Senior Vice President - Human Resources and Corporate Real Estate
Bhatt, Jay 42 2004 Senior Vice President - Architecture, Engineering and Construction
Chin, Moonhie 53 2007 Senior Vice President - Strategic Planning and Operations
Hanspal, Amarpreet 47 2007 Senior Vice President - Platform Solutions and Emerging Business
Kross, Robert 57 2007 Senior Vice President - Manufacturing
Petit, Marc 46 2007 Senior Vice President - Media and Entertainment
Dawson, J. Hallam 73 2008 Director
Halvorsen, Per-Kristian 58 2000 Director
West, Steven 58 2007 Director
Robel, Charles 61 2007 Director
Maloney, Sean 53 2007 Director
McDowell, Mary 47 2010 Director
Norrington, Lorrie 51 2011 Director
Address:
2320 Marinship Way
Sausalito, California 94965
U.S.A.
Autodesk became best-known for its flagship computer-aided design software AutoCAD. In addition to AutoCAD, Autodesk develops Digital Prototyping solutions[2] to visualize, simulate, and analyze real-world performance using a digital model during the design process. The company also develops Building Information Modeling software to generate and manage building data using a three-dimensional building model. Autodesk also provides digital media creation and management software from film and television visual effects, color grading, and editing to animation, game development, and design visualization.
Autodesk, Inc. (Autodesk), incorporated in April 1982, is a design software and services company. The Company serves customers in the architecture, engineering and construction, manufacturing, and digital media and entertainment industries. The Company operates in four segments: Platform Solutions and Emerging Business (PSEB), Architecture, Engineering and Construction (AEC), Manufacturing (MFG) and Media and Entertainment (M&E). The Company’s PSEB, AEC and MFG segments derive revenue from the sale of licenses for software products and services to customers who design, build, manage or own building, manufacturing and infrastructure projects. The principal software products of these segments include general design software, including AutoCAD and AutoCAD LT (horizontal design products), discipline-specific design software, including AutoCAD-based products (vertical design products), model-based design software, including Autodesk Inventor products, Autodesk Revit products, AutoCAD Civil 3D, and Autodesk Moldflow. In addition to software products, the PSEB, AEC and MFG segments offer a range of services including consulting, support and training. In January 2009, the Company completed the acquisition of ALGOR, Inc., a provider of analysis and simulation software. In November 2009, it acquired PlanPlatform Ltd. In July 2010, it acquired Illuminate Labs. In March 2011, the Company acquired Scaleform Corporation. In March 2011, the Company acquired Blue Ridge Numerics, Inc.
Platform Solutions and Emerging Business and Other
PSEB includes Autodesk’s horizontal design product AutoCAD product. Autodesk’s AutoCAD product is a platform product that underpins the Company’s vertical design product offerings for the industries it serves. AEC and MFG offer tailored versions of AutoCAD software for the industries they serve. Autodesk’s AutoCAD product also provides a platform for Autodesk’s developer partners to build custom solutions for a range of diverse design-oriented markets. PSEB’s revenue primarily includes revenue from sales of licenses of Autodesk’s horizontal design products, AutoCAD and AutoCAD LT, as well as many of Autodesk’s vertical design products. AutoCAD software provides digital tools that can be used independently and in conjunction with other specific applications in fields ranging from construction to manufacturing, civil engineering and process plant design.
Architecture, Engineering and Construction
AEC software products help to improve the way building, civil infrastructure, process plant and construction projects are designed, built and managed. Autodesk AEC solutions include advanced technology for building information modeling (BIM), AutoCAD-based design and documentation productivity software, and sustainable design analysis applications, and collaborative project management solutions. BIM, an integrated process for building and infrastructure design, analysis, documentation and construction, uses consistent, coordination information to improve communication and collaboration between the extended project team. AEC provides a portfolio of BIM solutions that help customers deliver projects, while minimizing environmental impact. AEC’s revenue primarily includes revenue from the sales of licenses of Autodesk Revit, AutoCAD Civil 3D, AutoCAD Architecture and AutoCAD Map 3D products. The Autodesk Revit products, including AutoCAD Revit Architecture Suite, AutoCAD Revit MEP Suite and AutoCAD Revit Structure Suite, provide an intuitive model-based design and documentation system for architects; mechanical, electrical and plumbing (MEP) engineers; structural engineers; design-build teams, and other design and building industry professionals. AutoCAD Civil 3D products provide a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects. AutoCAD Map 3D software provides direct access to data needed for infrastructure planning, design and management activities.
Manufacturing Solutions
MFG provides the manufacturers in automotive and transportation, industrial machinery, consumer products and building products with digital prototyping solutions that brings together design data from all phases of the product development process to develop a single digital model created in Autodesk Inventor software. Autodesk’s solutions for digital prototyping enable a group of manufacturers to realize benefits with minimal disruption to existing workflows. MFG’s revenue primarily includes revenue from the sales of licenses of Autodesk Inventor, AutoCAD Mechanical and Autodesk Moldflow products. Autodesk Inventor software allows manufacturers to go beyond three dimensional (3D) design to digital prototyping by giving engineers a and flexible set of tools for 3D mechanical design, simulation, analysis, tooling, visualization and documentation. AutoCAD Mechanical software is purpose-built to accelerate the mechanical design process.
Media and Entertainment
M&E is comprised of two product groups: Animation, including design visualization, and Advanced Systems. Animation products, such as Autodesk 3ds Max and Autodesk Maya, provide tools for digital sculpting, modeling, animation, effects, rendering, and compositing, for design visualization, visual effects and games production. Advanced Systems products provide editing, finishing and visual effects design and color grading. Autodesk 3ds Max software provides 3D modeling, animation and rendering solutions that enable game developers, design visualization professionals and visual effects artists to digitally create realistic images, animations and complex scenes and to digitally communicate abstract or complex mechanical, architectural, engineering and construction concepts. Autodesk Maya software provides 3D modeling, animation, effects, rendering and compositing solutions that enable film and video artists, game developers and design visualization professionals to digitally create engaging, lifelike images, realistic animations and simulations, and extraordinary visual effects. Autodesk Flame, Autodesk Inferno and Autodesk Flint systems are its scalable line of interactive real-time visual effects design and finishing solutions. These products service a wide range of client workflows from interactive broadcast design to real-time high-resolution film work.
The Company competes with Adobe Systems Incorporated, ANSYS, Inc., Bentley Systems, Incorporated, Dassault Systemes S.A., Environmental Systems Research Institute, Inc. (ESRI), Google Inc., Intergraph Corporation, Nemetschek AG, Parametric Technology Corporation, Siemens Product Lifecycle Software, Inc., Apple Inc., Avid Technology, Inc., SONY Corporation and Thomson.
Autodesk's products had applications in a wide variety of fields, including architecture, engineering, construction, geographic information systems, mechanical design, and videography. Among Autodesk's major clients were Chevron, Kohler, Sony Pictures, and Japan's Nippon Telegraph and Telephone Corporation. Chevron used a combined package of AutoCAD Release 12, ADE software, and an Autodesk Geological Information System program to monitor its assets and leases on land and offshore; Kohler used AutoCAD, AutoSurf, and AutoMill to design plumbing fixtures such as bathtubs, toilets, and sinks; and Sony Pictures employed 3D Studio in plotting camera angles prior to actual filming. In addition, Autodesk earned a $550 million contract to provide CAD 2 to the Naval Facilities Engineering Command.
Autodesk continued to cooperate with other software purvey-ors, forming alliances in which the companies involved produced programs while maintaining their autonomy. In 1993, Autodesk developed a means of using AutoCAD Release 12 on an IBM OS/2 2.0 operating system, and, the following year, Autodesk announced a cooperative venture with Xaos Tools, Inc., intended to produce image-processing software compatible with Autodesk's 3D Studio Release 3. Autodesk also announced the release of AutoSketch 2 for Microsoft's Windows. Other joint ventures included an agreement with Microsoft to develop Microsoft-compatible CAD programs for integration into Microsoft Office; the formation of a consulting agreement with UGC Consulting, a firm knowledgeable about the Geological Information Systems market; and an agreement with Silicon Graphics to jointly develop and release a program integrating a rendering feature of Autodesk's 3D Studio Release 3 into a Silicon Graphics program as well as to develop a Silicon Graphics-compatible edition of Autodesk's AutoVision.
In 1994, Autodesk operated approximately 750 Training Centers worldwide for the purpose of educating users in the applications of AutoCAD and other Autodesk software. Autodesk depended upon a network of dealers, distributors, and direct sales to disseminate its products, and devised a system of cooperation with third party software developers. This system, called AutoCAD Development system, or ADS, was devised in 1990 and was structured to encourage independent software developers to create add-on programs for Autodesk products and new applications for Autodesk's technologies. Over 2,000 independent developers worked to create specialized applications using Autodesk programs in 1994.
In the mid-1990s, Autodesk owned no real property; all facilities for management, product development, marketing, and production activities throughout the United States, Europe, and Asia were leased, including the facilities in Neufchatel, Switzerland, opened in 1993 at an expense of $1.4 million, in order to concentrate Autodesk's European production. Although Autodesk owned most of the equipment used in its business, the company's intellectual property and its network of programming and business talent were regarded as its chief assets.
Autodesk, like many other software companies, was challenged by the effects of software piracy in the early 1990s. In order to combat this practice, Autodesk joined forces with other high technology firms to form several regional organizations, including the Canadian Alliance Against Software Theft (CAAST) and the Business Software Alliance (BSA). The company has prevailed in litigation to protect its copyrights, including a 1994 suit against Cadisys Corporation, the result of which was a $100,000 settlement in Autodesk's favor on May 23, 1994.
As technology in the computer software industry changed, Autodesk remained flexible and willing to explore new technological and business possibilities, hoping to maintain its rank among the leading software companies. Autodesk's expansion into multimedia appeared to be keeping pace with, and even anticipating, market needs for innovations in these fields.
Principal Subsidiaries: Autodesk Retail Products, Inc.; Micro Engineering Solutions, Inc.
OVERALL
Beta: 2.11
Market Cap (Mil.): $10,250.94
Shares Outstanding (Mil.): 227.90
Annual Dividend: --
Yield (%): --
FINANCIALS
ADSK.O Industry Sector
P/E (TTM): 49.70 23.87 19.31
EPS (TTM): 269.52 -- --
ROI: 11.58 9.85 16.24
ROE: 13.75 12.83 17.90
Statistics:
Public Company
Incorporated: 1982
Employees: 1,565
Sales: $353.2 million
Stock Exchanges: NASDAQ
SICS: 7372 Prepackaged Software
Name Age Since Current Position
Beveridge, Crawford 64 2009 Non-Executive Chairman of the Board
Bass, Carl 53 2009 President, Chief Executive Officer, Director
Hawkins, Mark 51 2009 Chief Financial Officer, Executive Vice President
Bradshaw, Christopher 48 2007 Senior Vice President, Chief Marketing Officer
Di Fronzo, Pascal 46 2007 Senior Vice President, General Counsel, Secretary
Becker, Jan 58 2000 Senior Vice President - Human Resources and Corporate Real Estate
Bhatt, Jay 42 2004 Senior Vice President - Architecture, Engineering and Construction
Chin, Moonhie 53 2007 Senior Vice President - Strategic Planning and Operations
Hanspal, Amarpreet 47 2007 Senior Vice President - Platform Solutions and Emerging Business
Kross, Robert 57 2007 Senior Vice President - Manufacturing
Petit, Marc 46 2007 Senior Vice President - Media and Entertainment
Dawson, J. Hallam 73 2008 Director
Halvorsen, Per-Kristian 58 2000 Director
West, Steven 58 2007 Director
Robel, Charles 61 2007 Director
Maloney, Sean 53 2007 Director
McDowell, Mary 47 2010 Director
Norrington, Lorrie 51 2011 Director
Address:
2320 Marinship Way
Sausalito, California 94965
U.S.A.