Jiangsu Libang Electromechanical Equipment Co., Ltd. was founded in 2018 and its headquartered is located in the historic city of Xuzhou, known as the "Capital of China's Construction Machinery". It is only 18km far away from Xuzhou Guanying International Airport,and 590km from Shanghai Hongqiao Airport. China Mobile Cold Room,Frozen Room,Reefer Room,Cold Room with refrigerator Manufacturer and Supplier Jiangsu Libang Electromechanical Equipment Co.,Ltd , https://www.liboncold.com
Libang is a comprehensive production enterprise engaged in the design ,manufacturing, research and sales of refrigeration units, industrial chillers, ice machines, and intelligent control systems. In order to meet users` needs better , three offices have been established in domestic China.
Our main products include box type integrated units, piston and piston parallel units, screw units, chillers, sheet ice machines, block ice machines, tube ice machines, drying, freeze-drying units, PLC programmable control systems. In order to serve customers in various industries better, Libon's technical team has developed refrigeration units for different industries,such as explosion-proof units for oil and gas recollection, explosion-proof units for chemical enterprises ,anti-corrosion units for transporting frozen seafood products, ultra-low temperature units for -60 ℃ to 120 ℃, and automatic control systems based on different customer needs.
Since its establishment, we have been committed to the research and development of refrigeration equipment and intelligent control in the refrigeration industry. After years' development,now we have strong technical research and development capabilities and have accumulated rich practical experience. We have built firm and stable cooperative relationships with domestic and foreign engineering companies, traders, and well-known technology research institutes. Our products are not only best-sellings in China, but also exported to more than 30 countries and regions overseas. With excellent technical and process, and nice after-sales service, we have been widely recognized and respected by domestic and foreign customers.
Warmly welcome any guests interested in our products to visit our factory!
Autodesk Fourth Quarter Driven by Strong Growth in Suites and Cash Flow
Public Company Information:
NASDAQ:
ADSK
San Rafael, Calif. – (BUSINESS WIRE) – Autodesk, Inc. (NASDAQ: ADSK) today announced financial results for the fourth quarter and full fiscal year ended January 31, 2014. Revenue reached $587 million. When normalized for the business model transition, revenue would have seen approximately a 2% year-over-year growth. GAAP diluted earnings per share were $0.23, and non-GAAP diluted earnings per share were $0.40.
The fourth quarter results excluded about $30 million in license revenue that was deferred due to the company's business model transition.
Key Highlights of the Fourth Quarter Fiscal 2014:
- Revenue from Suites increased by 15% to $216 million compared to the same period last year.
- Operating margin was 9% on a GAAP basis and 20% on a non-GAAP basis. A reconciliation of GAAP to non-GAAP results is provided in the accompanying tables.
- Deferred revenue rose by 8% to $901 million, compared to the fourth quarter of fiscal 2013. Normalized for the business model transition, deferred revenue would have experienced around a 4% year-over-year increase.
- Cash flow from operating activities increased by 18% to $184 million, compared to the fourth quarter of fiscal 2013.
Carl Bass, Autodesk president and CEO, said, "We concluded our fiscal year with strong momentum, marked by robust growth in suites and high demand for our Architecture, Engineering and Construction (AEC) solutions. Demand accelerated for our leading portfolio of building information modeling (BIM) solutions. Our cloud-based BIM 360 tools had an excellent quarter as we continue to enhance mobility and collaboration for construction customers. Our cloud-based PLM 360 business also showed continued momentum and achieved its best quarter yet."
In the fourth quarter, the business model transition primarily affected flexible license arrangements with certain enterprise customers, particularly impacting license revenue in the Americas and the AEC business segment.
Revenue in the Americas was $207 million. EMEA revenue was $229 million. Revenue in Asia Pacific was $150 million. Revenue from emerging economies was $88 million, representing 15% of total revenue in the fourth quarter.
Revenue from the Platform Solutions and Emerging Business (PSEB) segment was $196 million. Revenue from the AEC business segment was $196 million. Revenue from the Manufacturing business segment was $154 million. Revenue from the Media and Entertainment (M&E) segment was $41 million.
Revenue from Flagship products was $288 million. Revenue from Suites was $216 million. Revenue from New and Adjacent products was $83 million.
Mark Hawkins, Autodesk executive vice president and CFO, said, "We were pleased with our fourth quarter performance, which included strong growth in cash flow from operations, solid growth in deferred revenue, and a significant sequential increase in backlog. We remain confident in our long-term model, which calls for a 12% compound annual growth rate in billings, 20% more annual value from new and existing subscriptions, and a 50% increase in subscriptions by the end of fiscal 2018. We believe we can achieve this while reaching a 30% non-GAAP operating margin by the end of fiscal 2018."
Bass added, "We are at the very beginning of a platform and model transition that will propel Autodesk into the future. We are focused on driving our subscription base, annual subscription value, and billings over the next four years and beyond. As anticipated, our transformation will start gradually and we expect it to gain momentum as we go forward."
Business Outlook
The following statements are forward-looking based on current expectations and assumptions, and involve risks and uncertainties. Autodesk's business outlook for the first quarter and full year fiscal 2015 assumes, among other things, a continuation of the current economic environment and foreign exchange currency rate environment, and interest expense related to Autodesk’s $750 million debt offering in December 2012.
First Quarter Fiscal 2015
First quarter EPS guidance includes the dilutive impact of the Delcam acquisition.
Q1 FY15 Guidance Metrics
Revenue (in millions): $560-$575
EPS GAAP: $0.01-$0.04
EPS Non-GAAP (1): $0.19-$0.22
(1) Non-GAAP earnings per diluted share exclude $0.11 related to stock-based compensation expense, $0.06 for the amortization of acquisition-related intangibles, and $0.01 related to restructuring charges.
Full Year Fiscal 2015
Net billings growth: 5-8%
Revenue growth: 3-5%
GAAP operating margin: 5-8%
Non-GAAP operating margin: 14-16%
Net new subscription additions: 150,000-200,000
Both the first quarter and full year fiscal 2015 outlook assumes projected annual effective tax rates of approximately 25.5% for both GAAP and non-GAAP results. These rates do not include one-time discrete items or the federal R&D tax credit that expired on December 31, 2013.
Earnings Conference Call and Webcast
Autodesk will host its fourth quarter conference call today at 5:00 p.m. ET. The live broadcast can be accessed at http://www.autodesk.com/investors. Supplemental financial information and prepared remarks for the conference call will be posted to the investor relations section of Autodesk’s website simultaneously with this press release.
NOTE: The prepared remarks will not be read on the conference call. The conference call will include only brief remarks followed by questions and answers.
A replay of the broadcast will be available at 7:00 pm ET at http://www.autodesk.com/investors. This replay will be maintained on Autodesk’s website for at least 12 months.
Safe Harbor Statement
This press release contains forward-looking statements that involve risks and uncertainties, including statements in the paragraphs under “Business Outlook†above, statements regarding revenue growth, our business model transition, billings growth, subscription growth, annual subscription value growth, operating margin growth, demand for and adoption of suites, AEC, BIM and PLM solutions, and other statements regarding our strategies, market and products positions, performance, and results. There are a significant number of factors that could cause actual results to differ materially from statements made in this press release, including: general market, political, economic and business conditions; failure to maintain our revenue growth and profitability; failure to successfully manage transitions to new business models and markets, including the introduction of additional ratable revenue streams and our continuing efforts to attract customers to our cloud-based offerings and expenses related to the transition of our business model; failure to maintain cost reductions and productivity increases or otherwise control our expenses; our performance in particular geographies, including emerging economies; the ability of governments around the world to meet their financial and debt obligations, and finance infrastructure projects; weak or negative growth in the industries we serve; slowing momentum in subscription billings or revenues; difficulty in predicting revenue from new businesses and the potential impact on our financial results from changes in our business models; difficulties encountered in integrating new or acquired businesses and technologies; the inability to identify and realize the anticipated benefits of acquisitions; the financial and business condition of our reseller and distribution channels; dependence on and the timing of large transactions; fluctuation in foreign currency exchange rates; the success of our foreign currency hedging program; failure to achieve sufficient sell-through in our channels for new or existing products; pricing pressure; unexpected fluctuations in our tax rate; the timing and degree of expected investments in growth and efficiency opportunities; changes in the timing of product releases and retirements; and any unanticipated accounting charges.
Further information on potential factors that could affect the financial results of Autodesk are included in Autodesk’s Annual Report on Form 10-K for the year ended January 31, 2013 and Forms 10-Q for the quarters ended April 30, 2013, July 31, 2013 and October 31, 2013, which are on file with the U.S. Securities and Exchange Commission. Autodesk does not assume any obligation to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made.
About Autodesk
Autodesk helps people imagine, design and create a better world. Everyone–from design professionals, engineers and architects to digital artists, students and hobbyists–uses Autodesk software to unlock their creativity and solve important challenges. For more information visit autodesk.com or follow @autodesk.
Autodesk is a registered trademark of Autodesk, Inc., and/or its subsidiaries and/or affiliates in the USA and/or other countries. All other brand names, product names or trademarks belong to their respective holders. Autodesk reserves the right to alter product and services offerings, and specifications and pricing at any time without notice, and is not responsible for typographical or graphical errors that may appear in this document.
© 2014 Autodesk, Inc. All rights reserved.