Autodesk 2005 Annual Report Download - page 7

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In fiscal 2005, we experienced substantial growth
in every geographical area. The Americas increased
25 percent over fiscal 2004 to $511 million. Europe,
the Middle East and Africa (EMEA) increased
revenue 32 percent over fiscal 2004, to $444 mil-
lion. Revenues in Asia-Pacific increased 36 percent
to $279 million.
Strong balance sheet.
Financially, Autodesk is extremely well positioned.
Our robust sales and continued focus on productiv-
ity generated a significant increase in operating
cash flow in fiscal 2005. We used $546 million to
repurchase 26 million shares of Autodesk stock,
$14 million for our regular quarterly dividend
and $12 million for mergers and acquisitions. Yet
even with these expenditures, we generated $373
million in operating activities, ending fiscal 2005
with a substantial balance sheet: no debt, cash and
equivalents of $533 million, and deferred revenues
of $194 million, including $141 million of deferred
subscription revenue.
Strategy turned into reality.
As the world’s leading software and services
provider for the building, manufacturing, infra-
structure and media and entertainment industries,
our strategy is simple—provide customers with the
tools they need to create, manage and share their
ideas so they become more productive and profit-
able. Three core strengths provide the foundation
for this successful strategy and make us different
from the competition.
• First, we deliver innovative, industry-proven
software that’s easy to use and implement,
making technology accessible and affordable to
the greatest number of users.
• Next, we have developed a global community
that supports our solutions around the world,
including 1,100 training centers, 1,700 resellers,
2,500 third-party developers, more than 6 million
users, and a presence in more than 145 countries.
• And last, through our ability to design a broad
range of software and technology that trans-
forms complex data into usable information,
we have succeeded in achieving an important
presence in small- and mid-sized firms, as well as
large enterprises.
Autodesk Annual Report 2005 P.3