Autodesk 2001 Annual Report Download - page 7

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Our success is our customers’success. In
fiscal year 2001, we put our Internet strategy
in action and saw our vertical products take
off as the demand for industry-specific
applications increased.We continued to
expand our network with spin-off companies
and a new line of business.
The results are very positive.Our net revenues
grew 10 percent to $936 million,and diluted
earnings per share rose more than 88 percent
to $1.87,excluding nonrecurring charges and
amortization of goodwill and purchased intan-
gibles.Asia/Pacific revenues increased 22 per-
cent to $207 million.The Americas reported
revenue of $433 million—an increase of 14
percent.European revenues of $296 million
are consistent with last year’s figures.
Discreet and Design Solutions Segments
The contribution of our world-renowned digi-
tal content creation division,Discreet,was
impressive.The effects,animation,editing, and
workflow solutions division posted revenues
of $193 million—that’s 21 percent of the year’s
total net revenue and an 11 percent growth
rate over last year.
Design Solutions—which includes the
Geographic Information Systems (GIS);
Manufacturing; Architectural,Engineering,
and Construction (AEC);and Design Platforms
business divisions—earned revenues of $743
million,accounting for nearly 80 percent of
total net revenues.
The GIS division posted revenues of $98
million,up 37 percent from last year,the
highest growth rate within Design Solutions.
GIS growth is distributed across the product
line from AutoCAD Map and AutoCAD
Land Development Desktop to Autodesk
MapGuide software.
The Manufacturing division grew 20 percent
with sales of $134 million.It’s exciting and
encouraging to see such strong customer
adoption of our products,from Autodesk
Mechanical Desktop and AutoCAD Mechanical
to our new Autodesk Inventor 4.
AEC rode its flagship product,Autodesk
Architectural Desktop,to revenue totaling $58
million for the year.
The Design Platforms division,with AutoCAD
and AutoCAD LT software,provides a founda-
tion for many products in the core design
markets.Customers are clearly moving to spe-
cialized products in GIS, Manufacturing,and
AEC—groups experiencing strong growth—
to solve their industry-specific design chal-
lenges.The growth in our Design Platforms
division slowed to 3 percent with revenues of
$453 million while,as we planned,customers
migrated to purpose-built products.
Even beyond our products,Autodesk business
flourished.This year’s solid performance trans-
lated into a record amount of cash generated
from operations at $196 million,an increase of
82 percent over the cash generated last year.
Cash, cash equivalents,and marketable securi-
ties equaled $423 million,even with expendi-
tures of over $359 million for the repurchase
of more than 9 million shares during the year.
4FY 01 Autodesk, Inc.
Intelligent software and Internet-enabled solutions
Fiscal Year 2001 Financial Review
Software that
works the way our
customers work
Discreet’s best
year on record