Software and services provider Autodesk remains bullish on its future. The San Rafael, Calif.-based company, which claims 7 million users, has set a compound annual revenue growth rate target of about 15% for fiscal years 2008 through 2012. That would represent a doubling of fiscal 2007's revenues by 2012. The company's current fiscal year--fiscal 2007 --ends January 1, 2007.
"I have never seen Autodesk better positioned," said Chairman and CEO Carol Bartz in early April this year. "For 24 years, Autodesk has focused on serving the mainstream design market. We have developed the products, the distribution, the business model and the strategy to serve this powerful market in a way no other software company can match," she bragged. "We are confident in our ability to meet our financial goals for fiscal 2007 and to sustain strong growth into the future," added COO Carl Bass.
For fiscal 2007, Autodesk is projecting an increase in net revenues of 18% to 20% above fiscal 2006.
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