Autodesk 2009 Annual Report Download - page 117

Aggregate backlog at January 31, 2008 and January 31, 2007 was $521.5 million and $395.8 million,
respectively, of which $506.1 million and $378.8 million represented deferred revenue and $15.4 million and
$17.0 million, respectively, related to current software license product orders which have not yet shipped at the
end of each respective fiscal year.
Net Revenue by Geographic Area
Net revenue in the Americas region increased by 9% during fiscal 2008, as compared to fiscal 2007,
primarily due to a 22% increase in maintenance revenue. Revenue from new seats in the Americas increased 2%
during fiscal 2008 as compared to fiscal 2007 driven by new seat revenue from our 3D model-based design
products offset by a decline in new seat revenue from our 2D products compared to the prior fiscal year. Revenue
from upgrades decreased by 14% in the Americas during fiscal 2008 compared to the prior fiscal year. Growth in
the Americas was also impacted by a slowing economy that impacted growth rates for all of our products in the
fourth quarter of fiscal 2008. Had exchange rates during fiscal 2007 been in effect during the same period of
fiscal 2008, translated net revenue in the Americas would have been $0.1 million lower in fiscal 2008.
Net revenue in EMEA increased by 27% during fiscal 2008, as compared to fiscal 2007, primarily due to a
37% increase in new seat revenue and 40% increase in maintenance revenue. Revenue from new seats in EMEA
increased during fiscal 2008 as compared to fiscal 2007 driven by new seat revenue from our 2D design products
and 3D model-based design products. These increases were partially offset by 24% decrease in revenue from
upgrades. EMEA’s growth during fiscal 2008 was primarily due to growth in the EMEA emerging economies,
the United Kingdom, Germany, France, Belgium and Austria. Had exchange rates during fiscal 2007 been in
effect during the same period of fiscal 2008, translated net revenue in EMEA would have been $66.7 million
lower in fiscal 2008.
Net revenue in APAC increased 18% during fiscal 2008, as compared to fiscal 2007, primarily due to an
18% increase in new seats revenue, a 32% increase in maintenance revenue, and a 9% increase in revenue from
upgrades. Revenue from new seats in APAC increased due to strong new seat revenue from our 2D products and
3D model-based design products. Net revenue growth in APAC during fiscal 2008 occurred primarily due to
growth in the APAC emerging economies, Japan, South Korea and Australia. Had exchange rates during fiscal
2007 been in effect during the same period of fiscal 2008, translated net revenue in APAC would have been $4.4
million lower in fiscal 2008.
International net revenue represented 69% of our net revenue in fiscal 2008 and 66% of our net revenue in
fiscal 2007. Net revenue in emerging economies grew by 40% from fiscal 2007 to fiscal 2008, primarily due to
revenue from the EMEA emerging economies, China and India. This growth was a significant factor in our
international sales growth during fiscal 2008.
Net Revenue by Operating Segment
Net revenue for PSEB increased 13% during fiscal 2008, as compared to fiscal 2007, primarily due to a 24%
increase in revenue from AutoCAD LT and a 6% increase in revenue from AutoCAD.
Net revenue for AEC increased 26% during fiscal 2008, as compared to fiscal 2007, primarily due to a 40%
increase in revenue from Autodesk Revit, a 24% increase in revenue from AutoCAD Civil 3D and a 9% increase
in revenue from AutoCAD Architecture.
Net revenue for MSD increased 25% during fiscal 2008, as compared to fiscal 2007, primarily due to a 17%
increase in revenue from Autodesk Inventor products and a 28% increase in revenue from AutoCAD Mechanical.
Net revenue for M&E increased 10% during fiscal 2008, as compared to fiscal 2007. During fiscal 2008, net
revenue from our Animation product group increased 22% due to increases in revenue from our animation
products 3ds Max and Maya. Net revenue growth from Advanced Systems was flat as compared to the prior
fiscal year due to the migration of our Advanced Systems solutions from Silicon Graphics, Inc. (“SGI”) hardware
to PC-based hardware systems which have a lower price but generate better margins.
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