Revit maker Autodesk is reportedly in good health, having announced that it expects its revenues to grow by 7-9 percent for the year ending January 31, 2015, a percentage that translates into $2.43-$2.48 billion.
This entails better-than-expected results; its previous forecast was of 4-6 percent growth. Subscriptions are set for an increase too – Autodesk estimate that an added 200,000-250,000 subscribers will join this year, beating its earlier forecast putting the total at 150,000-200,000.
Investment research site Zacks attribute the rising profile of BIM to some of this fiscal growth.
“Revenues from the Architecture, Engineering and Construction (AEC) business segment surged 23% from the year-ago quarter to $218 million,” it said. “Continued adoption of BIM in the building and infrastructure industries drove growth in AEC suites, which increased 40% from the year-ago quarter.”
Autodesk’s Europe, Middle-East and Africa (EMEA) wing has reason to celebrate, too. Overall, its revenues increased 21% ($244m) from the second quarter of last year.
As Reuters reports, Autodesk is positioning itself as a provider of cloud-based services with subscription models, a change from the traditional license-based approach. This strategy has been vindicated by subscription revenue growth of 15 percent.