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 prior fiscal year | ||||
(In millions, except percentages) | January 31, 2024 |
| January 31, 2023 | $ |
| % | |
AEC | $ 2,580 |
| $ 2,278 |
| $ 302 |
| 13 % |
AutoCAD and AutoCAD LT | 1,462 |
| 1,387 |
| 75 |
| 5 % |
MFG | 1,063 |
| 978 |
| 85 |
| 9 % |
M&E | 295 |
| 291 |
| 4 |
| 1 % |
Other | 97 |
| 71 |
| 26 |
| 37 % |
Total Net Revenue | $ 5,497 |
| $ 5,005 |
| $ 492 |
| 10 % |
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 2025 takes into consideration the current economic environment and foreign exchange currency rate environment. A reconciliation between the fiscal 2024 GAAP and non-GAAP estimates is provided below or in the tables later in this document.
First Quarter Fiscal 2025
Q1 FY25 Guidance Metrics | Q1 FY25
|
Revenue (in millions) | $1,385 - $1,400 |
EPS GAAP | $0.96 - $1.01 |
EPS non-GAAP (1) | $1.73- $1.78 |
____________________ |
(1) Non-GAAP earnings per diluted share excludes $0.72 related to stock-based compensation expense, $0.11 for the amortization of both purchased intangibles and developed technologies, and $0.08 for acquisition-related costs, partially offset by ($0.14) related to GAAP-only tax charges. |
Full-Year Fiscal 2025
FY25 Guidance Metrics | FY25
|
Billings (in millions) | $5,810 - $5,960
|
Revenue (in millions) (1) | $5,990 - $6,090
|
GAAP operating margin | 20% - 21% |
Non-GAAP operating margin (2) | 35% - 36% |
EPS GAAP | $4.41 - $4.63 |
EPS non-GAAP (3) | $7.89 - $8.11 |
Free cash flow (in millions) (4) | $1,430 - $1,500 |
| ____________________ |
| (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 12% 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 $3.39 related to stock-based compensation expense, $0.50 for the amortization of both purchased intangibles and developed technologies, and $0.26 related to acquisition-related costs, partially offset by ($0.67) related to GAAP-only tax charges. |
| (4) Free cash flow is cash flow from operating activities less approximately $30 million of capital expenditures. |
