Autodesk Reiterates Third Quarter and Full Year Fiscal 2015 Business Outlook

The third quarter and full year fiscal 2015 outlook assume a projected annual effective tax rate of 29 percent and 26 percent for GAAP and non-GAAP results, respectively. These rates do not include one-time GAAP discrete items or the federal R&D tax credit that expired on December 31, 2013.

 
Reconciliation for Guidance:

The following is a reconciliation of anticipated fiscal 2015 GAAP and non-GAAP operating margins:

    Fiscal 2015
GAAP operating margin 4 %   5 %
Stock-based compensation expense 7 % 7 %
Amortization of purchased intangibles 4 % 4 %
Restructuring charges %   %
Non-GAAP operating margin 15 %   16 %
 




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