Public Company Information:
NASDAQ: ADSK
SAN RAFAEL, Calif.–(BUSINESS WIRE)–Autodesk, Inc. (NASDAQ:ADSK) today announced its financial results for the fourth quarter and full fiscal year ending January 31, 2015. The company reported a strong increase in billings and subscriptions, along with record cash flow from operating activities, reflecting steady progress in its ongoing business model transformation.
Fourth Quarter Fiscal 2015 Highlights:
- Total billings increased by 13%, compared to the same period last year, rising to 20% on a constant currency basis.
- Deferred revenue surged 28% to a record $1.16 billion, up from $901 million in the previous year's fourth quarter.
- Total subscriptions, including maintenance, desktop (rental), and cloud subscriptions, grew by approximately 100,000 from the third quarter of fiscal 2015, including about 17,000 subscriptions resulting from the recent acquisition of Shotgun. This marks the first quarter where Shotgun subscriptions have been incorporated into the subscription count.
- Revenue reached $665 million, representing a 13% increase compared to the fourth quarter last year as reported, and a 15% rise on a constant currency basis. Revenue from the recent acquisition of Delcam contributed approximately $20 million.
- GAAP operating margin stood at 2%, down from 9% in the fourth quarter last year.
- Non-GAAP operating margin was 13%, compared to 20% in the fourth quarter last year. A reconciliation of GAAP to non-GAAP results is provided in the accompanying tables.
- GAAP diluted earnings per share were $0.05, down from $0.23 in the fourth quarter last year.
- Non-GAAP diluted earnings per share were $0.25, compared to $0.40 in the fourth quarter last year.
- Cash flow from operating activities reached a record $257 million, up from $184 million in the fourth quarter last year.
"Autodesk had a fantastic year, culminating in a strong fourth quarter," said Carl Bass, President and CEO of Autodesk. "Our core Architecture, Engineering and Construction (AEC) and Manufacturing business segments outperformed across nearly all metrics, including billings, revenue, deferred revenue, subscription additions, and cash flow. Fiscal 2015 marked the beginning of our business model transition towards more cloud and term-based subscription offerings, and we're pleased with our initial progress. Our subscription offerings provide customers with greater flexibility and create a superior experience. Over the next two years, we anticipate transitioning the majority of our business to these subscription offerings."
Fourth Quarter Operational Overview:
Revenue from EMEA amounted to $273 million, increasing by 19% compared to the fourth quarter last year as reported, and by 21% on a constant currency basis. Revenue in the Americas rose 15% year-over-year to $238 million. Revenue in APAC was $154 million, up 2% year-over-year as reported, and 7% on a constant currency basis. Revenue from emerging economies totaled $107 million, increasing by 21% year-over-year as reported, and 22% on a constant currency basis. Revenue from emerging economies accounted for 16% of total revenue in the fourth quarter.
Revenue from the AEC business segment was $242 million, growing 24% year-over-year. Revenue from the Platform Solutions and Emerging Business (PSEB) segment was $189 million, declining 4% year-over-year. Revenue from the Manufacturing business segment was $190 million, rising 23% year-over-year. Revenue from the Media and Entertainment business (M&E) segment was $43 million, increasing 5% year-over-year.
Revenue from Flagship products was $298 million, up 4% year-over-year. Revenue from Suites was $249 million, increasing 15% year-over-year. Revenue from New and Adjacent products was $117 million, surging 41% year-over-year.
Fiscal 2015 Highlights*:
- Total billings increased 18% year-over-year as reported, and 20% on a constant currency basis.
- Revenue was $2.51 billion, growing 10% year-over-year as reported, and 12% on a constant currency basis. Revenue contribution from the recent acquisition of Delcam was approximately $48 million.
- Total subscriptions (maintenance, desktop, and cloud) increased by approximately 385,000 to 2.23 million.
- Revenue from Suites increased 17%.
- Revenue from the AEC business segment increased 19%.
- Revenue from the Manufacturing business segment increased 17%.
- Total deferred revenue increased 28% to $1.16 billion.
- Cash flow from operations climbed 26% to $708 million.
*All numbers are compared to fiscal 2014.
Business Outlook:
The following forward-looking statements are based on current expectations and assumptions, involving risks and uncertainties as outlined below. Autodesk’s business outlook for the first quarter and full fiscal 2016 anticipates a continuation of the current economic and foreign exchange currency rate environments. A reconciliation between GAAP and non-GAAP estimates for fiscal 2016 is provided below or in the tables following this press release.
First Quarter Fiscal 2016:
- Revenue guidance (in millions): $625 – $645
- EPS GAAP: $0.01 – $0.06
- EPS Non-GAAP: $0.25 – $0.30
Full Year Fiscal 2016:
- Billings growth: 3 – 5% (on a constant currency basis: 9% – 11%)
- Revenue growth: 3 – 5% (on a constant currency basis: 7% – 9%)
- GAAP operating margin: 2 – 4%
- Non-GAAP operating margin: 13 – 15%
- EPS GAAP: $0.10 – $0.25
- EPS Non-GAAP: $1.05 – $1.20
- Net subscription additions: 375,000 – 425,000
The first quarter and full year fiscal 2016 outlook assume a projected annual effective tax rate of 28% and 26% 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.
NOTE: The prepared remarks will not be read on the conference call. The conference call will include only brief remarks followed by questions and answers.
A replay of the broadcast will be available at 7:00 pm ET at http://www.autodesk.com/investors. This replay will be maintained on Autodesk’s website for at least 12 months.
Safe Harbor Statement:
This press release contains forward-looking statements that involve risks and uncertainties, including those under "Business Outlook" above, statements regarding the impacts of our business model transition, statements regarding growth in our cloud and term-based subscription offerings, and other statements regarding our strategies, market and products positions, performance, and results. Numerous factors could cause actual results to differ materially from those stated, such as general market, political, economic, and business conditions; failure to maintain revenue growth and profitability; challenges managing transitions to new business models and markets; integration difficulties of new or acquired businesses and technologies; and fluctuations in foreign currency exchange rates.
Further information on potential factors that could affect Autodesk’s financial results is included in its Annual Report on Form 10-K for the year ended January 31, 2014, and Quarterly Reports on Form 10-Q for the quarters ended April 30, July 31, 2014, and October 31, 2014, which are on file with the U.S. Securities and Exchange Commission. Autodesk disclaims any obligation to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made.
About Autodesk:
Autodesk helps people imagine, design, and create a better world. From design professionals and engineers to digital artists, students, and hobbyists, everyone uses Autodesk software to unlock their creativity and solve important challenges. For more information visit autodesk.com or follow @autodesk.
© 2015 Autodesk, Inc. All rights reserved.
Color Coated Aluminum Coil
Color coated aluminum coil can be classified into several categories based on different criteria, including the coating type, surface treatment, and application.
1. Coating Type:
Color coated aluminum coil can be classified into three types based on the coating material: PE (polyester) coated aluminum coil, PVDF (fluorocarbon) coated aluminum coil, and epoxy coated aluminum coil. PE coated aluminum coil is the most common type, which is suitable for indoor and outdoor use. PVDF coated aluminum coil has higher durability and weather resistance, making it ideal for outdoor applications. Epoxy coated aluminum coil is mainly used for interior decoration.
2. Surface Treatment:
Color coated aluminum coil can also be classified into several types based on the surface treatment: brushed aluminum coil, embossed aluminum coil, and mirror finish aluminum coil. Brushed aluminum coil has a brushed surface texture, which gives the material a unique look and feel. Embossed aluminum coil has a patterned surface, which adds texture and visual interest to the material. Mirror finish aluminum coil has a reflective surface, which can be used for decorative purposes.
3. Application:
Color coated aluminum coil can be classified into different types based on the application: aluminum composite panel (ACP) coil, aluminum ceiling coil, aluminum honeycomb panel coil, and aluminum gutter coil. ACP coil is used for exterior cladding and interior decoration of buildings. Aluminum ceiling coil is used for suspended ceiling systems in commercial and residential buildings. Aluminum honeycomb panel coil is used forlightweight and high-strength panels in construction and transportation industries. Aluminum gutter coil is used for gutter systems and other water management applications.
In addition to these classifications, color coated aluminum coil can also be customized based on the customer's specific requirements, such as the color, thickness, and width of the coil. With its versatility and durability, color coated aluminum coil is a popular material for a variety of applications in different industries.
color coated aluminum coil,color coated aluminum,color coated aluminum roll,color coated aluminum sheet
Wuxi Shengshu Metal Co., Ltd. , https://www.wuxissmetal.com