Net Revenue by Product Family | ||||||||||||||
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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"). | ||||||||||||||
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| Three Months Ended |
| Change compared to
| |||||||||||
(In millions, except percentages) | January 31,
|
| January 31,
| $ |
| % | ||||||||
AEC | $ | 449.5 |
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| $ | 380.6 |
|
| $ | 68.9 |
|
| 18 | % |
AutoCAD and AutoCAD LT | 286.5 |
|
| 258.3 |
|
| 28.2 |
|
| 11 | % | |||
MFG | 236.1 |
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| 201.8 |
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| 34.3 |
|
| 17 | % | |||
M&E | 59.5 |
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| 52.3 |
|
| 7.2 |
|
| 14 | % | |||
Other | 7.6 |
|
| 6.3 |
|
| 1.3 |
|
| 21 | % | |||
| $ | 1,039.2 |
|
| $ | 899.3 |
|
| $ | 139.9 |
|
| 16 | % |
Fiscal 2021 Financial Highlights
- Total billings decreased 1 percent to $4.14 billion.
- Total revenue was $3.79 billion, an increase of 16 percent as reported, and 17 percent on a constant currency basis. Recurring revenue represents 97 percent of total.
- Design revenue was $3.37 billion, an increase of 15 percent as reported, and 16 percent on a constant currency basis.
- Make revenue was $296 million, an increase of 36 percent as reported and on a constant currency basis.
- Subscription plan revenue was $3.48 billion, an increase of 26 percent as reported, and 27 percent on a constant currency basis.
- Maintenance plan revenue was $183 million, a decrease of 53 percent as reported, and 51 percent on a constant currency basis.
- Total subscriptions increased approximately 404,000 from fiscal 2020 to 5.27 million at the end of fiscal 2021. Total subscriptions adjusted for the multi-user trade-in increased approximately 186,000 from fiscal 2020 to 5.06 million.
- Subscription plan subscriptions increased 679,000 from the end of fiscal 2020 to 5.15 million at the end of fiscal 2021.
- GAAP operating income was $629 million compared to $343 million last year. GAAP operating margin was 17 percent, up 6 percentage points.
- Total non-GAAP operating income was $1.11 billion compared to $803 million last year. Non-GAAP operating margin was 29 percent, up 5 percentage points.
- GAAP diluted net income per share was $5.44, compared to $0.96 last year, in part reflecting a $679 million deferred tax asset valuation allowance release.
- Non-GAAP diluted net income per share was $4.05, compared to $2.79 last year.
- Cash flow from operating activities increased to $1.44 billion, compared to $1.42 billion in fiscal 2020. Free cash flow decreased to $1.35 billion, compared to $1.36 billion in fiscal 2020.
Net Revenue by Geographic Area | |||||||||||||||||
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| Fiscal Year
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| Fiscal Year
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| Change compared to
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| Constant currency
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(In millions, except percentages) |
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| $ |
| % |
| % | ||||||||||
Net Revenue: |
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Americas |
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U.S. | $ | 1,281.8 |
|
| $ | 1,108.9 |
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| $ | 172.9 |
|
| 16 | % |
| * | |
Other Americas | 260.6 |
|
| 226.9 |
|
| 33.7 |
|
| 15 | % |
| * | ||||
Total Americas | 1,542.4 |
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| 1,335.8 |
|
| 206.6 |
|
| 15 | % |
| 16 | % | |||
EMEA | 1,472.6 |
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| 1,303.5 |
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| 169.1 |
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| 13 | % |
| 15 | % | |||
APAC | 775.4 |
|
| 635.0 |
|
| 140.4 |
|
| 22 | % |
| 22 | % | |||
Total Net Revenue | $ | 3,790.4 |
|
| $ | 3,274.3 |
|
| $ | 516.1 |
|
| 16 | % |
| 17 | % |
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Emerging Economies | $ | 463.2 |
|
| $ | 396.2 |
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| $ | 67.0 |
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| 17 | % |
| 17 | % |
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* | Constant currency data not provided at this level. |