Reconciliation for Guidance: | |||||||
The following is a reconciliation of anticipated fiscal 2015 GAAP and non-GAAP operating margins: |
|||||||
Fiscal 2015 | |||||||
GAAP operating margin | 4 | % | 5 | % | |||
Stock-based compensation expense | 7 | % | 7 | % | |||
Amortization of purchased intangibles | 4 | % | 4 | % | |||
Restructuring charges | — | % | — | % | |||
Non-GAAP operating margin | 15 | % | 16 | % | |||
Autodesk Reiterates Third Quarter and Full Year Fiscal 2015 Business Outlook
| | More GIS News |
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The third quarter and full year fiscal 2015 outlook assume a projected
annual effective tax rate of 29 percent and 26 percent for GAAP and
non-GAAP results, respectively. These rates do not include one-time GAAP
discrete items or the federal R&D tax credit that expired on December
31, 2013.
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