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Autodesk Sees Growth in New Financial Report

Autodesk (NASDAQ: ADSK) issued its financial results for the fourth quarter and full year of 2010.

The company reported revenue of $528 million, up 16 percent from last year’s fourth quarter and up 11 percent compared to the third quarter of fiscal 2011.  Revenue for fiscal 2010 was listed at $1.95 billion, an increase of 14 percent compared to fiscal 2010.

“We closed the year with solid momentum and double-digit quarterly revenue growth in all of our geographies and all of our business segments, ” CEO Carl Bass said. “We’re seeing a global increase in demand for 3D design, engineering, and entertainment tools. Demand for our Inventor software helped deliver record quarterly revenue in our Manufacturing segment, and record quarterly sales of our Revit family of products led to strong growth in our Architecture, Engineering and Construction segment.”

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