Autodesk Sees Q3 EPS $2.08-$2.14 Vs $2.12 Est.; Revenue $1.555B-$1.570B Vs $1.54B Est.; FY25 EPS $8.18-$8.31 Vs $8.12 Est.; Revenue $6.08B-$6.13B Vs $6.05B Est.
Autodesk Sees Q3 EPS $2.08-$2.14 Vs $2.12 Est.; Revenue $1.555B-$1.570B Vs $1.54B Est.; FY25 EPS $8.18-$8.31 Vs $8.12 Est.; Revenue $6.08B-$6.13B Vs $6.05B Est.
Business Outlook
业务展望
The following are forward-looking statements based on current expectations and assumptions, and involve risks and uncertainties, some of which are set forth below under "Safe Harbor Statement." Autodesk's business outlook for the third quarter and full-year fiscal 2025 considers the current economic environment and foreign exchange currency rate environment. A reconciliation between the fiscal 2025 GAAP and non-GAAP estimates is provided below or in the tables following this press release.
下列内容是基于当前预期和假设的前瞻性陈述，涉及风险和不确定性，其中一部分在下面的“安全港声明”中说明。Autodesk对2025财年第三季度和全年的业务展望考虑了当前经济环境和汇率期货环境。在本新闻稿之后的表格中提供了2025财年按GAAP和非GAAP估计的调和表格。
Third Quarter Fiscal 2025
2025财年第三季度
| Q3 FY25 Guidance Metrics |
Q3 FY25 (ending October 31, 2024) |
| Revenue (in millions) | $1,555 - $1,570 |
| EPS GAAP | $1.21 - $1.27 |
| EPS non-GAAP (1) | $2.08 - $2.14 |
| 2024财年第三季度指南数据 | 2025财年第三季 （截至2024年10月31日） |
| 营业收入（百万美元） | $1,555 - $1,570 |
| GAAP每股收益 $4.71 - $4.93 | 1.21美元 - 1.27美元 |
| EPS非GAAP（1） | 2.08美元 - 2.14美元 |
| ____________________ |
| (1) Non-GAAP earnings per diluted share excludes $0.83 related to stock-based compensation expense, $0.16 for the amortization of both purchased intangibles and developed technologies, and $0.05 for acquisition-related costs, partially offset by ($0.17) related to GAAP-only tax charges. |
| ____________________ |
| （1）非GAAP每股摊薄收益不含0.83美元的股权酬劳费用，以及购买无形资产和开发技术的摊销0.16美元，以及收购相关费用0.05美元，部分抵消了（0.17）美元的仅适用于GAAP的税务费用。 |
Full Year Fiscal 2025
财年2025全年
| FY25 Guidance Metrics |
FY25 (ending January 31, 2025) |
| Billings (in millions) | $5,880 - $5,980 Up 13% - 15% |
| Revenue (in millions) (1) | $6,080 - $6,130 Up approx. 11% |
| GAAP operating margin | 21% - 22% |
| Non-GAAP operating margin (2) | 35% - 36% |
| EPS GAAP | $4.88 - $5.01 |
| EPS non-GAAP (3) | $8.18 - $8.31 |
| Free cash flow (in millions) (4) | $1,450 - $1,500 |
| FY25指导数据 | FY25 (截至2025年1月31日) |
| 账单（以百万计） | 5,880 - 5,980美元 增长13% - 15% |
| 营业收入（以百万计）（1） $5,990 - $6,090 增长9% - 11% 21% - 22% （2）非GAAP营业利润率 35% - 36% GAAP每股收益 $4.71 - $4.93 （3）非GAAP每股收益 $7.99 - $8.21 自由现金流（以百万计）（4） $1,430 - $1,500 （1）不考虑外汇汇率和套期保值损益的影响，营收指导范围将增加约1个百分点。 （2）非GAAP营业利润率排除与股票-based补偿费用相关的约11％，与购买的无形资产和开发技术的约2％的摊销以及与收购相关的约1％的费用。 （3）非GAAP摊薄每股收益排除与股票-based补偿费用相关的$3.16，购买的无形资产和开发技术的$0.57以及与收购相关的$0.20，部分抵消了与仅适用于GAAP的税收有关的（$0.65）。 （4）自由现金流是从运营活动中产生的现金流减去约$30百万的资本支出。 第二季度和2025财年全年展望假定GAAP和非GAAP结果的预计年有效税率分别为21％和19％。地理盈利能力的变化继续影响年度有效税率，原因是各个司法管辖区的税率存在显着差异。因此，年度有效税率的假设定期进行评估，并可能基于收益的预计地理组合而发生变化。 | 6,080 - 6,130美元 大约增长11% |
| 营业利润率 | 21%-22% |
| 非公认会计原则下的营业利润率 (2) | 35%-36% |
| GAAP每股收益 $4.71 - $4.93 | 4.88 - 5.01 |
| 非GAAP每股收益 $7.99 - $8.21 | 8.18 - 8.31 |
| 自由现金流（以百万计）（4） $1,430 - $1,500 | $1,450 - $1,500 |
| ____________________ |
| (1) Excluding the impact of foreign currency exchange rates and hedge gains/losses, revenue guidance range would be approximately 1 percentage point higher. |
| (2) Non-GAAP operating margin excludes approximately 11% related to stock-based compensation expense, approximately 2% for the amortization of both purchased intangibles and developed technologies, and approximately 1% related to acquisition-related costs. |
| (3) Non-GAAP earnings per diluted share excludes $3.14 related to stock-based compensation expense, $0.60 for the amortization of both purchased intangibles and developed technologies, $0.22 related to acquisition-related costs, and $0.03 related to losses on strategic investments, partially offset by ($0.69) related to GAAP-only tax charges. |
| (4) Free cash flow is cash flow from operating activities less approximately $30 million of capital expenditures. |
| ____________________ |
| （1）不考虑外汇汇率和套期保值损益的影响，营收指导范围将增加约1个百分点。 |
| (2) Non-GAAP营业利润率不包括约11%的与股权补偿费用相关的费用，约2%的购买无形资产和开发技术摊销费用，以及约1%的收购相关费用。 |
| (3) 非GAAP每股摊薄收益不包括$3.14的与股权补偿费用相关的费用，$0.60的购买无形资产和开发技术摊销费用，$0.22的收购相关费用，以及$0.03的战略投资损失，但部分抵消了($0.69)的与仅适用于GAAP的税费。 |
| 自由现金流是从运营活动中产生的现金流减去约$30百万的资本支出。 |
The third quarter and full-year fiscal 2025 outlook assume a projected annual effective tax rate of 20 percent and 19 percent for GAAP and non-GAAP results, respectively. Shifts in geographic profitability continue to impact the annual effective tax rate due to significant differences in tax rates in various jurisdictions. Therefore, assumptions for the annual effective tax rate are evaluated regularly and may change based on the projected geographic mix of earnings.
第三季度和2025财年全年展望假设GAAP和非GAAP结果的年度有效税率分别为20%和19%。地理盈利能力的变化继续影响年度有效税率，因为各个司法管辖区的税率存在显著差异。因此，年度有效税率的假设会定期进行评估，并可能根据预计的地理收益构成而变化。