Autodesk 2014 Annual Report Download - page 88

2013 Annual Report
2014 Form 10-K 14
Backlog was $19.7 million at January 31, 2014 compared to $20.0 million at January 31, 2013. The actual amount of
backlog at any particular time may not be a meaningful indicator of future business prospects as this amount is impacted by a
number of factors not related to future trends or events such as the order fulfillment process, the method of software delivery or
the linearity of our business within the fiscal period.
GLOSSARY OF TERMS
BIM (Building Information Modeling)—BIM describes a model-based technology linked with a database of project
information, and is the process of generating and managing information throughout the life cycle of a building. BIM is used as a
digital representation of the building process to facilitate exchange and interoperability of information in digital formats.
Constant currency growth rates—We attempt to represent the changes in the underlying business operations by
eliminating fluctuations caused by changes in foreign currency exchange rates as well as eliminating hedge gains or losses
recorded within the current and comparative period. Our constant currency methodology removes all hedging gains and losses
from the calculation.
Digital prototyping—Digital prototyping allows designers, architects and engineers to analyze, simulate and visualize a
design using a digital or virtual model rather than a physical model.
Flagship—Autodesk flagship products are our core design products. Flagship includes the following products: 3ds Max,
AutoCAD, AutoCAD LT, AutoCAD vertical products (such as AutoCAD Architecture and AutoCAD Mechanical), Civil 3D,
Inventor products (standalone), Maya, Plant 3D, and Revit products (standalone).
License and Other revenue—License and other revenue consists of two components: all forms of product license revenue
and other revenue. Product license revenue includes: software license revenue from the sale of new seat licenses and upgrades
and product revenue for Creative Finishing. Other revenue includes revenue from consulting, training, Autodesk Developers
Network and Creative Finishing customer support, and is recognized over time, as the services are performed.
Maintenance—Our maintenance program provides our commercial and educational customers with a cost effective and
predictable budgetary option to obtain the productivity benefits of our new releases and enhancements when and if released
during the term of their contracts. Under our maintenance program, customers are eligible to receive unspecified upgrades when
and if available, downloadable training courses and online support. We recognize maintenance revenue over the term of the
agreements, generally between one and three years.
New and Adjacent—Autodesk new and adjacent products include Autodesk's new product offerings as well as products
that are not included in flagship or suites. New and adjacent includes the following services and products: Autodesk Alias
Design products, Autodesk 360 products, Autodesk Consulting, Autodesk Simulation, Autodesk Simulation Multiphysics,
Autodesk Buzzsaw, Autodesk CF Design, Autodesk Constructware, Autodesk consumer products, Autodesk Creative Finishing
products, Autodesk Moldflow products, Autodesk Navisworks, Autodesk Scaleform, Autodesk Vault products and all other
products.
Suites—Autodesk design suites are a combination of products that target a specific user objective (product design,
building design, etc.) and support a set of workflows for that objective. Our current design and creation suites include:
AutoCAD Design Suite, Autodesk Building Design Suite, Autodesk Entertainment Creation Suite, Autodesk Factory Design
Suite, Autodesk Infrastructure Design Suite, Autodesk Plant Design Suite, and Autodesk Product Design Suite.
Subscription revenue —Autodesk subscription revenue consists of two components: maintenance revenue from our
software products and revenue from our cloud service offerings, including Autodesk 360.
ITEM 1A. RISK FACTORS
We operate in a rapidly changing environment that involves significant risks, a number of which are beyond our control. In
addition to the other information contained in this Form 10-K, the following discussion highlights some of these risks and the
possible impact of these factors on our business, financial condition and future results of operations. If any of the following risks
actually occur, our business, financial condition or results of operations may be adversely impacted, causing the trading price of
our common stock to decline. In addition, these risks and uncertainties may impact the “forward-looking” statements described