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
| |||||||||||
(In millions, except percentages) | January 31,
|
| January 31,
| $ |
| % | ||||||||
AEC | $ | 380.6 |
|
| $ | 292.9 |
|
| $ | 87.7 |
|
| 30 | % |
AutoCAD and AutoCAD LT | 258.3 |
|
| 209.0 |
|
| 49.3 |
|
| 24 | % | |||
MFG | 201.8 |
|
| 176.2 |
|
| 25.6 |
|
| 15 | % | |||
M&E | 52.3 |
|
| 54.9 |
|
| (2.6) |
|
| (5) | % | |||
Other | 6.3 |
|
| 4.3 |
|
| 2.0 |
|
| 47 | % | |||
|
| $ | 899.3 |
|
| $ | 737.3 |
|
| $ | 162.0 |
|
| 22 | % |
Fiscal 2020 Financial Highlights
- Billings increased 55 percent to $4.19 billion, up 46 percent adjusted for the impact of ASC 606 in fiscal 2019.
- Total revenue increased 27 percent to $3.27 billion. Total revenue includes a $106 million contribution from the fourth quarter fiscal 2019 acquisitions, and 4 percentage points.
- Recurring revenue increased to 96 percent, compared to 95 percent in fiscal 2019.
- Total subscriptions increased 539,000 from fiscal 2019 to 4.87 million at the end of fiscal 2020. Acquisitions from fourth quarter of fiscal 2019 added 79,000 subscriptions during the year and contributed 205,000 to the year-end balance.
- Subscription plan subscriptions increased 934,000 from the end of fiscal 2019 to 4.47 million at the end of fiscal 2020. Subscription plan subscriptions benefited from 70,000 maintenance subscribers that converted to product subscription under the maintenance-to-subscription program. Acquisitions from fourth quarter of fiscal 2019 contributed 205,000 to the year-end balance.
- Total ARPS increased 11 percent to $704. Included in total ARPS is the negative impact of $4 from the fourth quarter fiscal 2019 acquisitions.
- GAAP operating income (loss) was $343 million compared to $(25) million last year. GAAP operating margin was 10 percent, up 11 percentage points.
- Total non-GAAP operating income was $803 million compared to $316 million last year. Non-GAAP operating margin was 25 percent, up 12 percentage points.
- Cash flow from operating activities increased to $1.42 billion, compared to $377 million in fiscal 2019. Free cash flow increased to $1.36 billion, compared to $310 million in fiscal 2019.
Net Revenue by Geographic Area
|
| Fiscal Year
|
| Fiscal Year
|
| Change compared to
|
| Constant currency
| ||||||||||
(In millions, except percentages) |
|
| $ |
| % |
| % | ||||||||||
Net Revenue: |
|
|
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|
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|
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Americas |
|
|
|
|
|
|
|
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| ||||||||
| U.S. | $ | 1,108.9 |
|
| $ | 874.6 |
|
| $ | 234.3 |
|
| 27 | % |
| * | |
| Other Americas | 226.9 |
|
| 175.3 |
|
| 51.6 |
|
| 29 | % |
| * | ||||
| Total Americas | 1,335.8 |
|
| 1,049.9 |
|
| 285.9 |
|
| 27 | % |
| 27 | % | |||
| EMEA | 1,303.5 |
|
| 1,034.3 |
|
| 269.2 |
|
| 26 | % |
| 26 | % | |||
| APAC | 635.0 |
|
| 485.6 |
|
| 149.4 |
|
| 31 | % |
| 32 | % | |||
| Total Net Revenue | $ | 3,274.3 |
|
| $ | 2,569.8 |
|
| $ | 704.5 |
|
| 27 | % |
| 28 | % |
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| Emerging Economies | $ | 396.2 |
|
| $ | 307.4 |
|
| $ | 88.8 |
|
| 29 | % |
| 29 | % |
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| * Constant currency data not provided at this level. | |||||||||||||||||
