Autodesk 2008 Annual Report Download - page 112

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Results of Operations
Net Revenue
Fiscal Year
Ended
January 31,
2008
Increase (decrease)
compared to
prior fiscal year
Fiscal Year
Ended
January 31,
2007
Increase (decrease)
compared to
prior fiscal year
Fiscal Year
Ended
January 31,
2006
$ % $ %
(in millions)
Net Revenue:
License and other ............... $1,618.6 $ 202.7 14% $1,415.9 $154.1 12% $1,261.8
Maintenance ................... 553.3 129.4 31% 423.9 148.5 54% 275.4
$2,171.9 $ 332.1 18% $1,839.8 $302.6 20% $1,537.2
Net Revenue by Geographic Area:
Americas ..................... $ 803.5 $ 69.0 9% $ 734.5 $111.3 18% $ 623.2
Europe, Middle East and Africa .... 875.5 188.0 27% 687.5 129.3 23% 558.2
Asia Pacific ................... 492.9 75.1 18% 417.8 62.0 17% 355.8
$2,171.9 $ 332.1 18% $1,839.8 $302.6 20% $1,537.2
Net Revenue by Operating Segment:
Design Solutions ............... $1,895.1 $ 300.5 19% $1,594.6 $250.1 19% $1,344.5
Media and Entertainment ......... 258.6 24.0 10% 234.6 62.3 36% 172.3
Other ......................... 18.2 7.6 72% 10.6 (9.8) -48% 20.4
$2,171.9 $ 332.1 18% $1,839.8 $302.6 20% $1,537.2
Net Revenue—Design Solutions
Segment:
Platform Solutions and Emerging
Business Division and Other . . $ 997.1 $118.2 13% $ 878.9 $ 75.6 9% $ 803.3
Architecture, Engineering and
Construction Division ......... 480.0 97.6 26% 382.4 98.1 35% 284.3
Manufacturing Solutions
Division .................... 418.0 84.7 25% 333.3 76.4 30% 256.9
$1,895.1 $ 300.5 19% $1,594.6 $250.1 19% $1,344.5
Fiscal 2008 Net Revenue Compared to Fiscal 2007 Net Revenue
License and Other Revenue
License and other revenue are comprised of two components: all forms of product license revenue and other
revenue. Product license revenue includes revenue from the sale of new seats, revenue from the Autodesk Upgrade
Program and revenue from the Autodesk Crossgrade Program. Other revenue consists of revenue from consulting
and training services, revenue from the Autodesk Developers Network, Autodesk Collaborative Solution hosting
revenue, Autodesk’s Location Services Division and revenue from Advanced Systems product support.
Growth in license and other revenue during fiscal 2008, as compared to fiscal 2007, was primarily due to
growth in new seat revenue for most major products driven by the release of our 2008 family of products. Total
license and other revenue increased 14% for fiscal 2008 as compared to the prior fiscal year. As a percentage of
total net revenue, license and other revenue was 75% for fiscal 2008, 77% for fiscal 2007 and 82% for fiscal 2006.
We rely significantly upon major distributors and resellers in both the U.S. and international regions,
including Tech Data Corporation and its affiliates, who accounted for 14%, 12% and 11% of Autodesk’s
consolidated net revenue for fiscal 2008, 2007 and 2006, respectively.
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