Autodesk 2009 Annual Report Download - page 116

Net revenue for MSD increased 17% during fiscal 2009, as compared to fiscal 2008, primarily due to an 8%
increase in revenue from Autodesk Inventor products and a 12% increase in revenue from AutoCAD Mechanical.
Contributing 7 percentage points of the 17% increase in MSD’s net revenue for fiscal 2009 was revenue from the
Autodesk Moldflow products of $30.8 million.
Net revenue for M&E increased 1% during fiscal 2009, as compared to fiscal 2008, primarily due to a 9%
increase in net revenue from our Animation product group. The increase in Animation revenue was primarily due
to a 25% increase in revenue from Autodesk 3ds Max. Net revenue from Advanced Systems decreased 8%
during fiscal 2009, as compared to fiscal 2008.
Fiscal 2008 Net Revenue Compared to Fiscal 2007 Net Revenue
License and Other Revenue
Growth in license and other revenue during fiscal 2008, as compared to fiscal 2007, was primarily due to
growth in new seat revenue for most major products driven by the release of our 2008 family of products. Total
license and other revenue increased 14% for fiscal 2008 as compared to the prior fiscal year. This growth was
primarily due to a 20% increase in commercial new seat revenue from our 2D products and 3D model-based
design products. This 20% increase largely was driven by the release of our 2008 family of products. Slightly
less than 13 percentage points of the 20% increase was due to higher average revenue per seat and approximately
7 percentage points of the 20% increase was due to increases in the number of seats sold. As a percentage of total
net revenue, license and other revenue was 75% for fiscal 2008, 77% for fiscal 2007 and 82% for fiscal 2006.
Revenue from the sale of new seats increased 19% from fiscal 2007 to fiscal 2008. The increase is due to an
18% increase in revenue from new seats of our 2D products, primarily AutoCAD LT, AutoCAD, AutoCAD
Mechanical and AutoCAD Architecture. The increase was also due to a 30% increase in revenue from new seats
of our 3D model-based design products (Autodesk Revit products, Autodesk Inventor products, AutoCAD Civil
3D, and Autodesk Navisworks software). The increase in new seat revenue was driven primarily by higher
average net revenue per seat and volume growth in both our 2D design and 3D model-based design products.
The positive effect of the weaker value of the U.S. dollar relative to foreign currencies also contributed to
the increase in total net revenue in fiscal 2008 as compared to fiscal 2007. In addition, we experienced growth in
net revenue in all three of our geographic regions and strong growth in the emerging economies of EMEA and
APAC.
Upgrade revenue, which includes crossgrade revenue, decreased by 17% during fiscal 2008 as compared to
the prior fiscal year, as expected. The decrease in upgrade revenue was driven primarily from the relatively
smaller size of the upgradeable base of our AutoCAD-based products in fiscal 2008 as compared to the
upgradeable base of our AutoCAD-based products in fiscal 2007, due to more customers on our maintenance
program. In addition, during the second half of fiscal 2008 and fiscal 2007, AutoCAD LT customers could
crossgrade to any other product at a promotional rate, which contributed approximately $9.1 million to upgrade
revenue in fiscal 2008 as compared to $21.4 million in fiscal 2007.
Maintenance Revenue
Maintenance revenue increased 31% for fiscal 2008 as compared to the prior fiscal year. As a percentage of
total net revenue, maintenance revenue was 25% for fiscal 2008, 23% for fiscal 2007, and 18% for fiscal 2006.
Due to the increase in our maintenance base over time, the relative upgradeable installed base of the
AutoCAD-based products not on maintenance during fiscal 2008 was smaller than the upgradeable installed base
of the AutoCAD-based products not on maintenance during fiscal 2007.
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