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, 2022

Three Months
Ended July 31,
2021

Change compared to

prior fiscal year

(In millions, except percentages) (1)

AEC (2)

$                      564

$                    479

$            85

AutoCAD and AutoCAD LT (2)

344

304

40

13 %

MFG

242

208

34

16 %

M&E

71

59

12

20 %

Other

16

10

6

60 %

Total Net Revenue

$                   1,237

$                 1,060

$          177

17 %

____________________ 

(1) In the current fiscal year, the Company changed its rounding presentation to the nearest whole number in millions of reported
amounts, except per share data or as otherwise noted. The current year rounding presentation has been applied to all prior year
amounts presented and, in certain circumstances, this change may adjust previously reported balances.

(2) During the fiscal quarter ended July 31, 2022, the Company corrected an immaterial classification error and reclassified certain
revenue amounts between Architecture, Engineering and Construction and AutoCAD and AutoCAD LT. These reclassifications did
not impact total net revenue and did not impact the fiscal quarter ended July 31, 2021, presented here. Fiscal quarters ended October
31, 2021, January 31, 2022, and April 30, 2022, were updated to conform to the current period presentation (not presented here).

Third Quarter Fiscal 2023

Q3 FY23 Guidance Metrics

Q3 FY23
(ending October 31, 2022)

Revenue (in millions)

$1,275 - $1,290

EPS GAAP

$0.90 - $0.96

EPS non-GAAP (1)

$1.66 - $1.72

____________________

(1) Non-GAAP earnings per diluted share excludes $0.74 related to stock-based compensation expense, $0.11 for
the amortization of purchased intangibles, and $0.01 for acquisition-related costs, partially offset by ($0.10) related
to GAAP-only tax charges.

Full Year Fiscal 2023

FY23 Guidance Metrics

FY23
(ending January 31, 2023)

Billings (in millions) (1)

$5,705 - $5,805
Up 18% - 21%

Revenue (in millions) (2)

$4,985 - $5,035
Up 14% - 15%

GAAP operating margin

Approx. 20%

Non-GAAP operating margin (3)

Approx. 36%

EPS GAAP

$3.40 - $3.59

EPS non-GAAP (4)

$6.52 - $6.71

Free cash flow (in millions) (5)

$2,000 - $2,080

____________________

(1) Excluding the approximately $185 million impact of foreign currency exchange rates and hedge gains/losses,
billings guidance would be $5,890 - $5,990 million.

(2) Excluding the approximately $75 million impact of foreign currency exchange rates and hedge gains/losses,
revenue guidance would be $5,060 - $5,110 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 $2.95 related to stock-based compensation expense, $0.44
for the amortization of purchased intangibles, $0.08 related to lease-related asset impairments and other charges,
and $0.04 related to acquisition-related costs, partially offset by ($0.39) related to GAAP-only tax charges.

(5) Free cash flow is cash flow from operating activities less approximately $60 million of capital expenditures.