Net Revenue by Product Family | |||||||
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Our product offerings are focused in four primary product families: AEC, AutoCAD and AutoCAD LT, MFG, and M&E. | |||||||
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| Fiscal Year Ended |
| Change compared to prior fiscal year | ||||
(In millions, except percentages) | January 31, 2022 |
| January 31, 2021 | $ |
| % | |
AEC | $ 1,959.9 |
| $ 1,648.6 |
| $ 311.3 |
| 19% |
AutoCAD and AutoCAD LT | 1,253.0 |
| 1,099.4 |
| 153.6 |
| 14% |
MFG | 876.0 |
| 798.6 |
| 77.4 |
| 10% |
M&E | 258.9 |
| 219.4 |
| 39.5 |
| 18% |
Other | 38.6 |
| 24.4 |
| 14.2 |
| 58% |
|
| $ 4,386.4 |
| $ 3,790.4 |
| $ 596.0 |
| 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 first quarter and full-year fiscal 2023 takes into consideration the current economic environment and foreign exchange currency rate environment. A reconciliation between the fiscal 2023 GAAP and non-GAAP estimates is provided below or in the tables later in this document.
First Quarter Fiscal 2023 |
|
|
Q1 FY23 Guidance Metrics | Q1 FY23
|
Revenue (in millions) | $1,145 - $1,160 |
EPS GAAP | $0.66 - $0.72 |
EPS non-GAAP (1) | $1.30 - $1.36 |
________________ |
(1) Non-GAAP earnings per diluted share excludes $0.65 related to stock-based compensation expense, $0.10 for the amortization of purchased intangibles, $0.03 for lease-related asset impairments and other charges, $0.02 for acquisition-related costs, partially offset by ($0.16) related to GAAP-only tax charges. |
Full-Year Fiscal 2023 |
|
|
FY23 Guidance Metrics | FY23
|
Billings (in millions) (1) | $5,875 - $6,025 Up 22% - 25% |
Revenue (in millions) (2) | $5,020 - $5,120 Up 14% - 17% |
GAAP operating margin | Approx 21% |
Non-GAAP operating margin (3) | Approx 37% |
EPS GAAP | $3.74 - $4.11 |
EPS non-GAAP (4) | $6.46 - $6.83 |
Free cash flow (in millions) (5) | $2,130 - $2,210 |
________________ |
(1) Excluding the approximately $85 million impact of foreign currency exchange rates and hedge gains/losses, billings guidance would be $5,960 - $6,110 million. |
(2) Excluding the approximately $50 million impact of foreign currency exchange rates and hedge gains/losses, revenue guidance would be $5,070 - $5,170 million. |
(3) Non-GAAP operating margin excludes approximately 13% related to stock-based compensation expense, approximately 2% for the amortization of purchased intangibles, less than 1% related to acquisition-related costs, and less than 1% related to lease-related asset impairments and other charges. |
(4) Non-GAAP earnings per diluted share excludes $2.94 related to stock-based compensation expense, $0.41 for the amortization of purchased intangibles, $0.08 related to lease-related asset impairments and other charges, and $0.03 related to acquisition-related costs, partially offset by ($0.74) related to GAAP-only tax charges. |
| (5) Free cash flow is cash flow from operating activities less approximately $55 million of capital expenditures. |
