(RTTNews.com) - Design software maker Autodesk, Inc. (ADSK) said Thursday after the markets closed that its fourth quarter profit rose 17% from last year, as demand for suites, AutoCAD, and AutoCAD LT products led to strong revenue growth across all of its geographies.
The company's quarterly earnings per share, excluding items, also came in above analysts' expectations as did its quarterly revenue.
At the same time, the San Rafael, California-based company forecast first quarter revenue and earnings in line with analysts' current expectations.
"Our strong fourth quarter performance capped a terrific year for Autodesk," said Carl Bass, Autodesk president and CEO.
Autodesk shares are currently losing 0.52% in after hours trading after closing the day's regular trading session at $38.20, up 44 cents or 1.17%. The shares trade in a 52-week range of $22.99 to $46.15.
Fourth quarter revenue from the Americas rose 17% to a record $226 million, while revenue from EMEA grew 10% to $234 million and revenue from Asia Pacific increased 9% to $133 million. Revenue from emerging economies surged 12% to $95 million and represented 16% of total revenue in the fourth quarter.
Revenue from the company's Platform Solutions and Emerging Business increased 18% from a year earlier, while revenue from its Architecture, Engineering and Construction business grew 8% from last year.
For the fourth quarter, Autodesk reported net income for the fourth quarter of $72.0 million or $0.31 per share, compared to $61.6 million or $0.26 per share for the year-ago quarter.
Excluding items, adjusted net income for the fourth quarter rose to $106.1 million or $0.46 per share from $82.7 million or $0.35 per share in the prior year quarter.
On average, 19 analysts polled by Thomson Reuters expected the company to earn $0.45 per share for the fourth quarter.
Operating margin for the quarter improved to 15% from 14% a year ago, while adjusted operating margin increased to 24% from 20% last year.
Revenue for the fourth quarter rose 12% to $592.4 million from $527.7 million in the same quarter last year. Seventeen analysts had a consensus revenue estimate of $583.92 million for the fourth quarter.
Looking forward to the first quarter, the company forecast revenue of $575 million to $590 million, earnings of $0.29 to $0.31 per share and adjusted earnings of $0.46 to $0.48 per share. Analysts currently expect the company to earn $0.47 per share on revenue of $582.91 million for the first quarter.
For the current fiscal year ending in January 2013, the company expects revenue to increase at least 10% compared to previous fiscal year, implying fiscal 2013 revenue of at least $2.44 billion. Analysts currently expect the company to post fiscal 2013 revenue of $2.43 billion.
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