SAN RAFAEL, CA, Nov 30, 2016 – Autodesk, Inc. reported financial results for the third quarter of fiscal 2017. Revenue was $490M, a decrease of 18 percent compared to the third quarter last year as reported, with a loss of $143M.

Comparative analysis based on Autodesk’s financial results in the last 12 quarters (Result source Autodesk website)

Comparative analysis based on Autodesk’s financial results in the last 12 quarters (Result source Autodesk website)

“We are pleased with our results for the quarter, which were driven by strong growth in product subscription,” said Carl Bass, Autodesk president and CEO. “This was the first quarter of selling only subscriptions, a significant milestone in our business model transition. We also had a record-breaking quarter for cloud subscription additions, driven by continued momentum of BIM 360 and Fusion 360. Coupled with diligent cost control, we continue to progress steadily to our fiscal year 2020 goals.”

A complete chart of the financial results is available here.

About Autodesk

Autodesk makes software for people who make things. If you’ve ever driven a high-performance car, admired a towering skyscraper, used a smartphone, or watched a great film, chances are you’ve experienced what millions of Autodesk customers are doing with our software. Autodesk gives you the power to make anything.

For more information, visit autodesk.com.