(1) Non-GAAP earnings per diluted share exclude $0.28 related to restructuring expense, $0.27 related to stock-based compensation expense, between $0.18 and $0.14 of GAAP-only tax charges, and $0.10 for the amortization of acquisition related intangibles, offset by $0.02 for gains on strategic investments.
Full Year Fiscal 2017
| FY17 Guidance Metrics | FY17 (ending January 31, 2017) | |||
| Revenue (in millions) (1) | $1,950 - $2,050 | |||
| GAAP Spend (cost of revenue plus operating expenses) | 3% - 4% | |||
| Non-GAAP Spend (cost of revenue plus operating expenses) (2) | (1%) - flat | |||
| EPS GAAP |
($3.32) - ($2.91) |
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| EPS Non-GAAP (3) | ($0.85) - ($0.60) | |||
| Net Subscription Additions | 475,000 - 525,000 |
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(1) Excluding the impact of foreign currency rates and hedge gains/losses revenue guidance would be $2.0 - $2.1 billion.
(2) Non-GAAP spend excludes $234 million related to stock-based compensation expense, $88 million related to restructuring expense, and $67 million for the amortization of acquisition related intangibles.
(3) Non-GAAP earnings per diluted share excludes $1.05 related to stock-based compensation expense, between $0.75 and $0.59 of GAAP-only tax charges, $0.39 related to restructuring expense, and $0.30 for the amortization of acquisition related intangibles, offset by $0.02 for gains on strategic investments.
The first quarter and full year fiscal 2017 outlook assume a projected annual effective tax rate of (11) percent and 36.5 percent for GAAP and non-GAAP results, respectively.
Earnings Conference Call and Webcast
Autodesk will host its fourth quarter conference call today at 5:00 p.m.
ET. The live broadcast can be accessed at
http://www.autodesk.com/investors.
Supplemental financial information and prepared remarks for the
conference call will be posted to the investor relations section of
Autodesk's website simultaneously with this press release.
