Our product offerings are focused in four primary product families: Architecture, Engineering and Construction ("AEC"), AutoCAD and AutoCAD LT, Manufacturing ("MFG"), and Media and Entertainment ("M&E").
|
| Three Months Ended |
| Change compared to
| |||||||||||
(In millions, except percentages) | October 31, 2019 |
| October 31, 2018 | $ |
| % | ||||||||
AEC | $ | 358.0 |
|
| $ | 263.8 |
|
| $ | 94.2 |
|
| 36 | % |
AutoCAD and AutoCAD LT | 245.4 |
|
| 190.6 |
|
| 54.8 |
|
| 29 | % | |||
MFG | 182.2 |
|
| 158.5 |
|
| 23.7 |
|
| 15 | % | |||
M&E | 50.6 |
|
| 43.6 |
|
| 7.0 |
|
| 16 | % | |||
Other | 6.5 |
|
| 4.4 |
|
| 2.1 |
|
| 48 | % | |||
|
| $ | 842.7 |
|
| $ | 660.9 |
|
| $ | 181.8 |
|
| 28 | % |
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 full year fiscal 2020 and fourth quarter takes into consideration the current economic environment and foreign exchange currency rate environment. A reconciliation between the fiscal 2020 GAAP and non-GAAP estimates is provided below or in the tables following this press release.
Full Year Fiscal 2020
FY20 Guidance Metrics | FY20 (ending January 31, 2020) |
Total ARR (in millions) | $3,405 - $3,445 Up 24% - 25% |
Billings (in millions) | $4,050 - $4,090 Up 50% - 51% |
Revenue (in millions) (1) | $3,255 - $3,270 Up 27% |
GAAP spend growth | Approx. 12% |
Non-GAAP spend growth (2) | Approx. 9% |
EPS GAAP | $0.80 - $0.85 |
EPS non-GAAP (3) | $2.74 - $2.79 |
Free cash flow (in millions) (4) | $1,300 - $1,340 |
_______________ | |
(1) | Excluding the approximately $15 million impact of foreign currency exchange rates and hedge gains/losses, revenue guidance would be $3,270 - $3,285 million. |
(2) | Non-GAAP spend excludes $355 million related to stock-based compensation expense, $73 million for the amortization of acquisition-related intangibles, $23 million for acquisition-related costs, and $1 million related to restructuring charges & other facility exit costs. |
(3) | Non-GAAP earnings per diluted share excludes $1.60 related to stock-based compensation expense, $0.33 for the amortization of acquisition-related intangibles, $0.11 related to acquisition related costs, $0.01 related to strategic investment losses, and ($0.11) related to GAAP-only tax charges. |
(4) | Free cash flow is cash flow from operating activities less approximately $60 million of capital expenditures. |
