Autodesk 2016 Annual Report Download - page 76

2016 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 net revenue, future GAAP and non-GAAP (loss) income per share, operating margin, operating expenses,
billings, annualized recurring revenue, annualized revenue per subscription, other future financial results (by product type and
geography) and subscriptions, 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 mixed global
economic conditions, our expectations for our restructuring, 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, and the impact of economic volatility and geopolitical activities in
certain countries, particularly emerging economy countries, and the effects of potential non-cash charges on our financial
results and the resulting effect on our financial results. In addition, forward-looking statements also consist of statements
involving expectations regarding product capability and acceptance, continuation of our stock repurchase program,
remediations to our controls environment, 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 plans, 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 offer tools and user
communities for personal design and creativity. These applications and user communities are available over the Internet and
through 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 38% of our net revenue in fiscal 2016;
• Manufacturing (“MFG”), which accounted for 29% of our net revenue in fiscal 2016;
2016 Annual Report