Autodesk 2003 Annual Report Download - page 7

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Autodesk, Inc. FY 03
modeling product in this division. Autodesk
customer successes included expected
reduced time to market of up to 70 percent for
a leading lighting manufacturer and a world-
wide tool manufacturer, with decreases in
product development time of 40 percent.
The first quarter fiscal 2004 releases of Autodesk
Inventor Series and Autodesk Streamline form
the technology core of the Autodesk PLM
offering, which addresses the need for afford-
able high-performance design and collaboration
solutions for manufacturers competing in a
global marketplace.
BUILDING SOLUTIONS DIVISION
With compressed project times, complex
processes, and widely dispersed project mem-
bers, managing building information throughout
the building lifecycle is becoming increasingly
complex. In response, our Building Solutions
Division (BSD) developed an aggressive strat-
egy that will take us into the future.The acqui-
sition of Revit in fiscal 2003 furthered our
position, as this building design and documen-
tation software moves our customers toward
a building information modeling approach to
building design.
Net revenues for BSD were $73 million, a
decrease of 11 percent as customers worldwide
were affected by decreased backlogs and
business contractions when projects for
commercial, institutional, and hospitality
construction were canceled or deferred.
In fiscal 2004, Autodesk will continue to help
its building industry customers move toward
building information modeling and more
efficient building lifecycle solutions with new
releases of products such as Autodesk Architec-
tural Desktop, Autodesk Building Systems,
Autodesk Revit, and Autodesk Buzzsaw.
INFRASTRUCTURE SOLUTIONS DIVISION
In fiscal 2003, our Infrastructure Solutions
Division (ISD) offered a broad and complete
set of solutions to create, analyze, and share
data across key market sectors such as govern-
ment, civil engineering, telecommunications,
and utilities. Our technologies help users create
maps, engineer structures, survey land, and
analyze spatial data.
Net revenues for ISD were $103 million in fiscal
2003, a decrease of 11 percent. In addition to
the impact of government budget crises,
upheaval and restructuring in the telecommu-
nications and utility industries caused critical
customers to restrict spending.Yet ISD achieved
some key milestones in fiscal 2003.The division
delivered a strong release of Autodesk Map,
made a strategic acquisition of CAiCE Software
in the civil engineering and transportation
arena, and turned in a solid performance in
Asia with the recently localized Autodesk
Land Desktop.
As global concerns about security continue
to mount, companies and governments are
growing ever more aware of infrastructure
issues. Government budgets are being rede-
ployed toward public safety and first responder
projects, and Autodesk is expanding its leader-
ship role as a provider of global infrastructure
solutions. In fiscal 2004, Autodesk will launch
new releases of virtually all ISD products, help-
ing infrastructure management professionals
get real-time access to geospatial informa-
tion so that they can enter data once and
retrieve it anytime, anywhere.
Geographies
Our Americas region continued to lead sales
in fiscal year 2003, producing $374 million in
revenue, a decrease of 14 percent from fiscal
2002. Our Europe, Middle East, and Africa
(EMEA) region generated revenues of $263
million, a decrease of 9 percent from the previ-
ous year. Our Asia Pacific region continued to
suffer the strongest negative effects of the
difficult economy, as revenues decreased 16
percent to $187 million. Contrary to other
trends in Asia, China posted impressive results.
While still a developing market, in the fourth
quarter of fiscal 2003 revenue in China grew
40 percent sequentially, and in the same
quarter AutoCAD revenue in China was
second in the world.