Profits at Autodesk fell 88% in the second quarter of its financial year with management pinpointing lower sales and margins as the main reasons.
For the quarter ending 31 July, Autodesk reported a profit of $10.5 million, down from $89.8 million a year previously.
Revenue dropped 33% to $414.9 million with Europe seeing a 41% slide while operating margin fell to 12.7% from 28.8%, in part due to restructuring costs.
Chief executive Carl Bass said that sales “continue to reflect a challenging global business environment.”
Meanwhile, the company has introduced recession busting software packages for media production that provides a cheaper way for small studios and facilities to buy the company’s technology.
Used together, the bundled products help artists to ‘increase creative capability and optimise productivity’ but, perhaps more importantly, they also offer saving on buying the software components separately.
“Autodesk is introducing affordable Suites of its popular 3D tools to better help artists create innovative entertainment in today’s tough economic conditions,” said Stig Gruman, vice president, Autodesk Digital Entertainment Group.
The Autodesk Entertainment Creation Suites offer customers a choice of either Autodesk Maya 2010 or Autodesk 3ds Max 2010 software, together with both Autodesk Mudbox 2010 and Autodesk MotionBuilder 2010 software.
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