Autodesk, Inc. (ADSK) 2009年年度报告「NASDAQ」.pdf

1、Annual Report Fiscal Year2009Notice of Annual Meeting and Proxy Statement(This page intentionally left blank.)The first and second halves of fiscal 2009 were so diverse for Autodesk that it almost demands two separate shareholder letters.One letter would describe how the first half of fiscal 2009 wa

2、s a continuation of the strong growth we experienced over the past five years.Revenue increased 18 percent,GAAP income from operations increased 11 percent and non-GAAP income from operations increased 18 percent compared to the first half of fiscal 2008.The other letter would talk about how the sec

3、ond half of fiscal 2009 marked the beginning of the current global economic downturn starting in late September.Revenue in the second half of fiscal 2009 decreased by 4 percent,GAAP income from operations decreased by 98 percent,and non-GAAP income from operations decreased by 18 percent compared to

4、 the second half of fiscal 2008.Our business diversification by geography and by industry has historically helped to insulate Autodesk from downturns in specific markets or industries.However,there are seemingly no markets or geographic areas that have gone unscathed in the current global downturn.A

5、s a result,our business has been severely impacted on several fronts,and we exited fiscal 2009 with a significantly lower run rate for revenue and profitability,as well as low business visibility.Financial PerformanceIt is difficult to present the full-year results without again noting that our resu

6、lts in the second half of our fiscal year were in stark contrast to those of the first half.Our third-quarter financial results and especially our fourth-quarter results were disappointing and well below our expectations.Nevertheless,we achieved record revenue results of$2.32 billion in fiscal 2009,