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 |
| Change compared to prior fiscal year | ||||
(In millions, except percentages) | January 31,
|
| January 31,
| $ |
| % | |
AEC | $ 527.5 |
| $ 449.5 |
| $ 78.0 |
| 17% |
AutoCAD and AutoCAD LT | 345.1 |
| 286.5 |
| 58.6 |
| 20% |
MFG | 246.0 |
| 236.1 |
| 9.9 |
| 4% |
M&E | 82.4 |
| 59.5 |
| 22.9 |
| 38% |
Other | 10.6 |
| 7.6 |
| 3.0 |
| 39% |
| $ 1,211.6 |
| $ 1,039.2 |
| $ 172.4 |
| 17% |
Fiscal 2022 Financial Highlights
- Total billings increased 16 percent to $4.82 billion.
- Total revenue was $4.39 billion, an increase of 16 percent as reported, and 14 percent on a constant currency basis. Recurring revenue represents 96 percent of total.
- Design revenue was $3.87 billion, an increase of 15 percent as reported, and 13 percent on a constant currency basis.
- Make revenue was $364 million, an increase of 23 percent as reported, and 21 percent on a constant currency basis.
- Subscription plan revenue was $4.16 billion, an increase of 19 percent as reported, and 18 percent on a constant currency basis.
- Maintenance plan revenue was $76 million, a decrease of 58 percent as reported and on a constant currency basis.
- Total subscriptions increased approximately 767 thousand from fiscal 2021 to 6.04 million at the end of fiscal 2022. Total subscriptions adjusted for the multi-user trade-in increased approximately 595 thousand from fiscal 2021 to 5.65 million.
- Subscription plan subscriptions increased 871 thousand from the end of fiscal 2021 to 6.02 million at the end of fiscal 2022.
- GAAP operating income was $618 million, including lease-related charges of $104 million, compared to $629 million last year. GAAP operating margin was 14 percent, down 3 percentage points.
- Total non-GAAP operating income was $1.40 billion compared to $1.11 billion last year. Non-GAAP operating margin was 32 percent, up 3 percentage points.
- GAAP diluted net income per share was $2.24, including $0.47 negative impact of lease-related charges, compared to $5.44, including $3.06 positive impact of a deferred tax asset valuation allowance release, last year.
- Non-GAAP diluted net income per share was $5.07, compared to $4.05 last year.
- Cash flow from operating activities increased to $1.53 billion, compared to $1.44 billion in fiscal 2021. Free cash flow increased to $1.48 billion, compared to $1.35 billion in fiscal 2021.
Net Revenue by Geographic Area |
|
| Fiscal Year Ended
|
| Fiscal Year
|
| Change compared to prior fiscal year |
| Constant
| ||
(In millions, except percentages) |
|
| $ |
| % |
| % | ||
Net Revenue: |
|
|
|
|
|
|
|
|
|
Americas |
|
|
|
|
|
|
|
|
|
U.S. | $ 1,456.5 |
| $ 1,281.8 |
| $ 174.7 |
| 14% |
| * |
Other Americas | 308.6 |
| 260.6 |
| 48.0 |
| 18% |
| * |
Total Americas | 1,765.1 |
| 1,542.4 |
| 222.7 |
| 14% |
| 14% |
EMEA | 1,700.4 |
| 1,472.6 |
| 227.8 |
| 15% |
| 12% |
APAC | 920.9 |
| 775.4 |
| 145.5 |
| 19% |
| 17% |
Total Net Revenue | $ 4,386.4 |
| $ 3,790.4 |
| $ 596.0 |
| 16% |
| 14% |
|
|
|
|
|
|
|
|
|
|
Emerging Economies | $ 546.4 |
| $ 463.2 |
| $ 83.2 |
| 18% |
| 17% |
________________ |
*Constant currency data not provided at this level. |