Autodesk 2015 Annual Report Download - page 96

2015 Form 10-K 4
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, the effectiveness of our efforts to successfully manage transitions to new business models
and markets, our expectations regarding the continued transition of our business model, revenue from our channel partners and
changes in mix of channel partners, our ability to increase our subscription base, expected market trends, including the growth
of cloud, mobile and social computing, the effect of unemployment and availability of credit, the effects of weak global
economic conditions, the effects of revenue recognition, our backlog, expected trends in certain financial metrics, including
expenses and the predictability and ratability of our revenue over time, the impact of acquisitions and investment activities,
expectations regarding our cash needs, the effects of fluctuations in exchange rates and our hedging activities on our financial
results, our ability to successfully expand adoption of our products, our ability to gain market acceptance of new businesses
and sales initiatives, our ability to successfully increase sales of product suites as part of our overall sales strategy, and the
impact of economic volatility and geopolitical activities in certain countries, and the resulting effect on our financial results. In
addition, forward-looking statements also consist of statements involving expectations regarding product acceptance,
continuation of our stock repurchase program, statements regarding our liquidity 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 and Exchange Commission. We assume no obligation to update the forward-
looking statements to reflect events that occur or circumstances that exist after the date on which they were made, except as
required by law.
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 global leader in design software and services, offering customers productive business solutions through
powerful technology products and services. We serve customers in the architecture, engineering and construction;
manufacturing; and digital media, consumer, and entertainment industries. Our sophisticated software products enable our
customers to experience their ideas before they are real. Customers are able to imagine, design, and create their ideas by
visualizing, simulating and analyzing real-world performance early in the design process by creating and manipulating digital
prototypes. These capabilities allow our customers to foster innovation, optimize and improve their designs, save time and
money, improve quality, communicate intentions, and collaborate with others. Our professional software products are sold
globally, both directly to customers and through a network of resellers and distributors. Additionally, we sell a line of consumer
products for digital art, personal design and creativity, and home design. These products are sold over the Internet and in
various digital storefronts, including the Apple App Store and the Google Play Store.
Segments
We report based on four reportable operating segments:
• Architecture, Engineering, and Construction (“AEC”), which accounted for 35% of our net revenue in fiscal 2015;
• Platform Solutions and Emerging Business (“PSEB”), which accounted for 32% of our net revenue in fiscal 2015;
• Manufacturing (“MFG”), which accounted for 27% of our net revenue in fiscal 2015; and
• Media and Entertainment (“M&E”), which accounted for 6% of our net revenue in fiscal 2015.
2015 Annual Report