Autodesk 2007 Annual Report Download - page 3
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CEO’s Letter
Dear Shareholders
Strong execution has led Autodesk to another year of outstanding performance. In fiscal year 2007, we continued
to deliver industry-leading design software solutions that enable customers to increase innovation, improve quality
and boost productivity. Demand was strong across our business, as customers around the world increasingly chose
Autodesk solutions to help them fully experience the possibilities of their designs. Our strategy of simultaneously
increasing our efficiency while investing for the future is reaping benefits. Fiscal year 2007 was a record-breaking
year. Net revenues increased 20 percent to $1.84 billion, nearly double the level of just three years ago. Operating
margins were 19 percent. Earnings per diluted share were $1.19.
Competitive Advantage through Design Innovation
Unprecedented changes in the global economy are requiring our customers to rethink the status quo and seek
competitive advantage in all facets of their business – particularly design:
• Globalization is increasing the number of low cost competitors in nearly all of our customers’ industries.
• Demand for Consumer Choice is increasing. Around the world, a growing consumer class desires mass
customization of virtually everything.
• Sustainability is gaining mainstream appeal, as rising energy costs and the scarcity of natural resources
become leading worldwide issues.
• Worldwide Development of Buildings and Infrastructure is occurring at an unprecedented rate on two
fronts—to keep pace with population growth and economic development, as well as rebuilding and
rejuvenating existing structures.
• Demand for Digital Information continues to accelerate due to easy and inexpensive access to bandwidth
and storage, a proliferation of platforms, and the desire for increasing levels of analysis.
These key trends are driving our customers’ need for new ways to get ahead. Autodesk solutions provide
competitive advantage by enabling customers to implement digital prototyping to push the boundaries of
innovation, reduce design time and costs, and ultimately improve their productivity and profitability. Autodesk
solutions enable our customers to do more than simply compete. They help our customers win.