Revenue in the Americas was $230 million, a decrease of 2 percent compared to the second quarter last year as reported, and on a constant currency basis. Revenue in EMEA was $221 million, a decrease of 2 percent compared to the second quarter last year as reported, and an increase of 5 percent on a constant currency basis. Revenue in APAC was $100 million, a decrease of 32 percent compared to the second quarter last year as reported, and 30 percent on a constant currency basis.
Revenue from our Architecture, Engineering and Construction (AEC) business segment was $253 million, an increase of 8 percent compared to the second quarter last year. Revenue from our Manufacturing business segment was $177 million, an increase of 3 percent compared to the second quarter last year. Revenue from our Platform Solutions and Emerging Business (PSEB) segment was $86 million, a decrease of 47 percent compared to the second quarter last year. Revenue from our Media and Entertainment (M&E) business segment was $34 million, a decrease of 16 percent compared to the second quarter last year.
Business Outlook
The following are forward-looking statements based on current expectations and assumptions, and involve risks and uncertainties some of which are set forth below under "Safe Harbor Statement." Autodesk's business outlook for the third quarter and full year fiscal 2017 assumes, among other things, a continuation of the current economic environment and foreign exchange currency rate environment and the continued success of our business model transition. A reconciliation between the fiscal 2017 GAAP and non-GAAP estimates is provided below or in the tables following this press release.
Third Quarter Fiscal 2017
|
Q3 FY17 Guidance Metrics |
Q3 FY17 (ending October 31, 2016) |
||
| Revenue (in millions) | $470 - $485 | ||
| EPS GAAP | ($0.81) - ($0.74) | ||
| EPS non-GAAP (1) | ($0.27) - ($0.22) |
| _______________ |
| (1) Non-GAAP earnings per diluted share exclude $0.27 related to stock-based compensation expense, between $0.15 and $0.13 related to GAAP-only tax charges, $0.08 for the amortization of acquisition related intangibles, and $0.04 related to restructuring charges and other facility exit costs. |
Full Year Fiscal 2017
|
FY17 Guidance Metrics |
FY17 (ending January 31, 2017) |
||
| Revenue (in millions) (1) | $2,000 - $2,050 | ||
| GAAP spend growth (cost of revenue plus operating expenses) | Approx. 2% | ||
|
Non-GAAP spend growth (cost of revenue plus operating expenses) (2) |
Approx. (2%) |
||
| EPS GAAP | ($2.97) - ($2.74) | ||
| EPS non-GAAP (3) | ($0.70) - ($0.55) | ||
| Net subscription additions | 475,000 - 525,000 |
| _______________ |
| (1) Excluding the impact of foreign currency exchange rates and hedge gains/losses, revenue guidance would be $2,045 - $2,095 million. |
| (2) Non-GAAP spend excludes $226 million related to stock-based compensation expense, $86 million related to restructuring charges and other facility exit costs, and $69 million for the amortization of acquisition-related intangibles. |
| (3) Non-GAAP earnings per diluted share excludes $1.01 related to stock-based compensation expense, between $0.56 and $0.48 of GAAP-only tax charges, $0.39 related to restructuring charges and other facility exit costs, and $0.31 for the amortization of acquisition-related intangibles. |
