Autodesk 2011 Annual Report Download - page 69

Download and view the complete annual report

Please find page 69 of the 2011 Autodesk annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 176

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176

FORWARD-LOOKING INFORMATION
The discussion in this Annual Report on Form 10-K contains trend analyses and other forward-looking
statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. Forward-looking statements are any statements that look to future events and consist of,
among other things, our business strategies; anticipated future financial results; our belief that the strength of
our channel network, technological leadership, brand recognition, breadth of product line and large installed
base are benefitting us as global economies recover; expected trends in certain financial metrics; our ability to
successfully expand adoption of our products, and our ability to successfully increase sales of product suites as
part of our overall sales strategy; our belief that emerging economies continue to present long-term growth
opportunities for us; the impact of our restructuring activities; the sufficiency of our cash to meet our working
capital and operating resource expenditure requirements over the next 12 months and our ability to generate
sufficient future taxable income in appropriate tax jurisdictions to realize our net deferred tax assets. In addition,
forward-looking statements also consist of statements involving expectations regarding product acceptance,
activity related to our stock repurchase program, and short-term and long-term cash requirements, as well as,
statements involving trend analyses and statements including such words as “may,” “believe,” “could,”
“anticipate,” “would,” “might,” “plan,” “expect,” and similar expressions or the negative of these terms or
other comparable terminology. These forward-looking statements speak only as of the date of this Annual Report
on Form 10-K and are subject to business and economic risks. As such, our actual results could differ materially
from those set forth in the forward-looking statements as a result of a number of factors, including those set forth
below in Item 1A, “Risk Factors,” and in our other reports filed with the U.S. Securities Exchange Commission.
We assume no obligation to update 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
Note: A glossary of terms used in this Form 10-K appears at the end of this Item 1.
GENERAL
We are a world leading design software and services company, offering customers productive business
solutions through powerful technology products and services. We serve customers in the architecture,
engineering and construction; manufacturing; and digital media and entertainment industries. Our sophisticated
software products enable our customers to experience their ideas before they are real by allowing them to create
and document their designs and to visualize, simulate and analyze real-world performance early in the design
process by creating digital prototypes. These capabilities allow our customers to optimize and improve their
designs, help save time and money, improve quality and foster innovation. Our software products are sold
globally, both directly to customers and through a network of resellers and distributors.
Segments
We are organized into four reportable operating segments:
Platform Solutions and Emerging Business (“PSEB”), which accounted for 37% of our net revenue in
fiscal 2011,
Architecture, Engineering and Construction (“AEC”), which accounted for 29% of our net revenue in
fiscal 2011,
Manufacturing (“MFG”), which accounted for 24% of our net revenue in fiscal 2011; and,
Media and Entertainment (“M&E”), which accounted for 10% of our net revenue in fiscal 2011.
3