Our product offerings are focused in four primary product families: AEC, AutoCAD and AutoCAD LT, MFG, and M&E.
|
| Fiscal Year Ended |
| Change compared to
| |||||||||||
(In millions, except percentages) | January 31, 2020 |
| January 31, 2019 | $ |
| % | ||||||||
AEC | $ | 1,377.1 |
|
| $ | 1,021.6 |
|
| $ | 355.5 |
|
| 35 | % |
AutoCAD and AutoCAD LT | 948.2 |
|
| 731.8 |
|
| 216.4 |
|
| 30 | % | |||
MFG | 726.1 |
|
| 616.2 |
|
| 109.9 |
|
| 18 | % | |||
M&E | 199.2 |
|
| 182.0 |
|
| 17.2 |
|
| 9 | % | |||
Other | 23.7 |
|
| 18.2 |
|
| 5.5 |
|
| 30 | % | |||
|
| $ | 3,274.3 |
|
| $ | 2,569.8 |
|
| 704.5 |
|
| 27 | % | |
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 2021 takes into consideration the current economic environment and foreign exchange currency rate environment. A reconciliation between the fiscal 2021 GAAP and non-GAAP estimates is provided below or in the tables following this press release.
First Quarter Fiscal 2021
Q1 FY21 Guidance Metrics | Q1 FY21 (ending April 30, 2020) |
Revenue (in millions) | $880 - $895 |
EPS GAAP | $0.34 - $0.40 |
EPS non-GAAP (1) | $0.80 - $0.86 |
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|
|
(1) Non-GAAP earnings per diluted share excludes $0.43 related to stock-based compensation expense, $0.08 for the amortization of acquisition-related intangibles, $0.01 for acquisition-related costs, partially offset by ($0.06) related to a GAAP-only tax benefit. | |
Full Year Fiscal 2021
FY21 Guidance Metrics | FY21 (ending January 31, 2021) |
Billings (in millions) (1) | $4,635 - $4,715 Up 11% - 13% |
Revenue (in millions) (1) | $3,930 - $3,990 Up 20% - 22% |
GAAP operating margin | 18.5% - 19.5% |
Non-GAAP operating margin (2) | 29.5% - 30.5% |
EPS GAAP | $2.40 - $2.63 |
EPS non-GAAP (3) | $4.21 - $4.44 |
Free cash flow (in millions) (4) | $1,630 - $1,690 |
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|
|
(1) Excluding the approximately $15 million impact of foreign currency exchange rates and hedge gains/losses, billings guidance would be $4,650 - $4,730 million and revenue guidance would be $3,945 - $4,005 million. | |
| (2) Non-GAAP operating margin excludes approximately 9% related to stock-based compensation expense, approximately 2% for the amortization of acquisition-related intangibles, and less than 1% related to acquisition-related costs. | |
| (3) Non-GAAP earnings per diluted share excludes $1.65 related to stock-based compensation expense, $0.29 for the amortization of acquisition-related intangibles, $0.04 related to acquisition-related costs, partially offset by ($0.17) related to a GAAP-only tax benefit. | |
| (4) Free cash flow is cash flow from operating activities less approximately $105 million of capital expenditures. | |
