Net Revenue by Product Family |
|
|
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 July 31, 2021 |
| Three Months Ended July 31, 2020 |
| Change compared to prior fiscal year | |||||||||
(In millions, except percentages) |
| $ |
| % | ||||||||||
AEC | $ | 478.7 |
|
| $ | 397.0 |
|
| $ | 81.7 |
|
| 21 | % |
AutoCAD and AutoCAD LT | 304.4 |
|
| 271.9 |
|
| 32.5 |
|
| 12 | % | |||
MFG | 207.7 |
|
| 185.5 |
|
| 22.2 |
|
| 12 | % | |||
M&E | 58.5 |
|
| 53.3 |
|
| 5.2 |
|
| 10 | % | |||
Other | 10.4 |
|
| 5.4 |
|
| 5.0 |
|
| 93 | % | |||
|
| $ | 1,059.7 |
|
| $ | 913.1 |
|
| $ | 146.6 |
|
| 16 | % |
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 2022 takes into consideration the current economic environment and foreign exchange currency rate environment. A reconciliation between the fiscal 2022 GAAP and non-GAAP estimates is provided below or in the tables following this press release.
Third Quarter Fiscal 2022
Q3 FY22 Guidance Metrics | Q3 FY22 (ending October 31, 2021) |
Revenue (in millions) | $1,110 - $1,125 |
EPS GAAP | $0.50 - $0.56 |
EPS non-GAAP (1) | $1.22 - $1.28 |
____________________ | |
(1) | Non-GAAP earnings per diluted share excludes $0.64 related to stock-based compensation expense, $0.10 for the amortization of purchased intangibles, $0.02 for acquisition-related costs, partially offset by ($0.04) related to GAAP-only tax benefit. |
Full Year Fiscal 2022
FY22 Guidance Metrics | FY22 (ending January 31, 2022) |
Billings (in millions) (1) | $4,875 - $4,975 Up 18% - 20% |
Revenue (in millions) (2) | $4,345 - $4,385 Up 15% - 16% |
GAAP operating margin | Approx. 15% |
Non-GAAP operating margin (3) | Approx. 31% |
EPS GAAP | $2.43 - $2.58 |
EPS non-GAAP (4) | $4.91 - $5.06 |
Free cash flow (in millions) (5) | $1,500 - $1,575 |
| _______________ | |
| (1) | Excluding the approximately $50 million impact of foreign currency exchange rates and hedge gains/losses, billings guidance would be $4,825 - $4,925 million. |
| (2) | Excluding the approximately $55 million impact of foreign currency exchange rates and hedge gains/losses, revenue guidance would be $4,290 - $4,330 million. |
| (3) | Non-GAAP operating margin excludes approximately 13% related to stock-based compensation expense, approximately 2% for the amortization of purchased intangibles, and 1% related to acquisition-related costs. |
| (4) | Non-GAAP earnings per diluted share excludes $2.49 related to stock-based compensation expense, $0.40 for the amortization of purchased intangibles, $0.10 related to acquisition-related costs, partially offset by ($0.03) related to gains on strategic investments and dispositions, and ($0.48) related to a GAAP-only tax benefit. |
| (5) | Free cash flow is cash flow from operating activities less approximately $75 million of capital expenditures. |
