Autodesk 2005 Annual Report Download - page 15

FORWARD-LOOKING INFORMATION
This Annual Report on Form 10-K contains forward-looking statements that are subject to assumptions, risks and
uncertainties, many of which are discussed in this Annual Report, under “Risk Factors Which May Impact Future
Operating Results.” Actual results may vary from those projected in the forward-looking statements. Although we
believe the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future
results, levels of activity, performance or achievements. If our assumptions about the future do not materialize or prove
to be incorrect, the results could differ materially from those expressed or implied by such forward-looking statements.
Accordingly, you should not place undue reliance on these forward-looking statements, which speak only as of the date
ofthis Annual Report on Form10-K. A forward-looking statement is any statement that looks to future events, including
any statements regarding the markets for our products in the future or the success of our products in these markets,
as well as any statements of expectation, plans, strategies and objectives of management for the future and any
statement of assumptions underlying any of the foregoing. In some cases, you can identify a forward looking statement
by such terms as “may,” “believe,” “could,” “anticipate,” “would,” “might,” “plan,” “expect,” and similar expressions or
the negative of these terms or other comparable terminology. We assume no obligation to update these forward-looking
statements to reflect events that occur or circumstances that exist after the date on which they were made.
PART I
ITEM 1. BUSINESS
GENERAL
Autodesk is one of the world’s leading design software and services companies, offering customers
progressive business solutions through powerful technology products and services. We help customers in the
building, manufacturing, infrastructure and digital media sectors increase the value of their digital design data
and improve efficiencies across their entire project lifecycle management processes. We provide a broad range
of integrated and interoperable design software, Internet services, wireless development platforms and point-
of-location applications that empower millions of users. Our software products are sold in over 160 countries,
both directly to customers and through a network of resellers and distributors.
Our strategy is to deliver advanced solutions to leverage the digital design data created with Autodesk
design tools, so as to improve our customers’ productivity throughout the creation, building, manufacture and
management of the customers’ projects. To execute against this strategy, we are focused on delivering strong
products on a frequent and predictable release cycle, strengthening our desktop position, migrating our
customers to more advanced technologies, expanding in emerging geographies and capturing the lifecycle
management market opportunity.
We are organized into two reportable operating segments: the Design Solutions Segment, which accounted
for 87% of revenue in fiscal 2005, and the Discreet Segment, our Media and Entertainment Division, which
accounted for 13% of revenue in fiscal 2005. A summary of our net revenues, and condensed results of operations
for our business segments is found in Note 11, “Segments,” in the Notes to Consolidated Financial Statements.
The Design Solutions Segment derives revenues from the sale of software products and services for
professionals and consumers who design, build, manage and own building projects or manufactured goods and
from the sale of civil engineering design software and mapping and geographic information systems technology
to public and private users. The principal products sold by the Design Solutions Segment include AutoCAD and
AutoCAD LT (2D design products), which accounted for 45% of our consolidated net revenues for fiscal 2005,
and our 3D design products (Autodesk Inventor products, Autodesk Revit Building products and Autodesk Civil
3D) which accounted for 14% of our consolidated net revenues for fiscal 2005. In addition to software products,
the Design Solutions Segment offers a range of services including consulting, support and training.
The Design Solutions Segment consists of the following industry specific business divisions: Manufacturing
Solutions Division; Infrastructure Solutions Division; Building Solutions Division; and Platform Technology
Division and Other, which includes revenue from Autodesk Collaboration Services and Autodesk Consulting.
Autodesk Consulting provides integrated consulting, training and support for customers seeking maximum
benefit and performance from our products.
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