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
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| Three Months Ended
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| Three Months Ended
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| Change compared to prior fiscal year | ||
(In millions, except percentages) |
| $ |
| % | |||
AEC | $ 674 |
| $ 582 |
| $ 92 |
| 16 % |
AutoCAD and AutoCAD LT | 376 |
| 349 |
| 27 |
| 8 % |
MFG | 268 |
| 246 |
| 22 |
| 9 % |
M&E | 71 |
| 71 |
| — |
| — % |
Other | 28 |
| 21 |
| 7 |
| 33 % |
Total Net Revenue | $ 1,417 |
| $ 1,269 |
| $ 148 |
| 12 % |
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 second quarter and full-year fiscal 2025 considers the current economic environment and foreign exchange currency rate environment. A reconciliation between the fiscal 2025 GAAP and non-GAAP estimates is provided below or in the tables following this press release.
Second Quarter Fiscal 2025 | |
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Q2 FY25 Guidance Metrics | Q2 FY25
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Revenue (in millions) | $1,475 - $1,490 |
EPS GAAP | $1.12 - $1.18 |
EPS non-GAAP (1) | $1.98 - $2.04 |
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(1) Non-GAAP earnings per diluted share excludes $0.80 related to stock-based compensation expense, $0.15 for the amortization of both purchased intangibles and developed technologies, and $0.07 for acquisition-related costs, partially offset by ($0.16) related to GAAP-only tax charges. | |||||||||
Full Year Fiscal 2025 | |
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FY25 Guidance Metrics | FY25
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Billings (in millions) | $5,810 - $5,960
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Revenue (in millions) (1) | $5,990 - $6,090
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GAAP operating margin | 21% - 22% |
Non-GAAP operating margin (2) | 35% - 36% |
EPS GAAP | $4.71 - $4.93 |
EPS non-GAAP (3) | $7.99 - $8.21 |
| Free cash flow (in millions) (4) | $1,430 - $1,500 |
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| (1) Excluding the impact of foreign currency exchange rates and hedge gains/losses, revenue guidance range would be approximately 1 percentage point higher. | |||||||||
| (2) Non-GAAP operating margin excludes approximately 11% related to stock-based compensation expense, approximately 2% for the amortization of both purchased intangibles and developed technologies, and approximately 1% related to acquisition-related costs. | |||||||||
| (3) Non-GAAP earnings per diluted share excludes $3.16 related to stock-based compensation expense, $0.57 for the amortization of both purchased intangibles and developed technologies, and $0.20 related to acquisition-related costs, partially offset by ($0.65) related to GAAP-only tax charges. | |||||||||
| (4) Free cash flow is cash flow from operating activities less approximately $30 million of capital expenditures. | |||||||||
