Thank you and welcome, and thank you for joining us for our Annual Shareholder Meeting. I'm Dave Gianarelli, Director of Investor Relations. We do expect today's meeting to be fairly brief. Our General Counsel, Pascal Di Fronzo, will lead us through this year's results and proposals by our stockholders. Our CEO, Carl Bass, will give an overview of Autodesk, followed up by a Q&A session. As a reminder, this meeting is being webcast live and will be available for replay later today. Now I'll turn the call over to Pascal.
Thanks, Dave. I also would like to welcome you to Autodesk's 2011 annual meeting of stockholders. As Dave mentioned, I'm Pascal Di Fronzo, Senior Vice President, General Counsel, and Secretary of Autodesk, and I'll be conducting the formal business portion of the meeting today. Before we get started, I'd like to introduce our Board of Directors: Carl Bass, Robert Beveridge, Jay Hallam Dawson, Richard Christian Halvorson, Lori Norrington, and Stephen West. I'd like to thank the Board for their service and support in the past year. Now that we have finished with the introductions, I'd like to call the meeting to order. I have proof by affidavit from Broadridge Financial Solutions that the notice of this meeting has been duly given and that a proxy statement and proxy card have been furnished or made available to all stockholders of record as of April 19, 2011.
As the Inspector of Election, I have signed an oath of office. The affidavit of mailing and the oath of Inspector of Election will be filed with the minutes of this meeting. We have been informed by Broadridge Financial Solutions that we have present in person and by proxy a sufficient number of shares to constitute a quorum, so I can tell you that the meeting is duly constituted. We will vote by proxy ballot today. If you have already turned in a proxy, then it is not necessary to vote now because we will count your proxy. If you did not turn in a proxy or if you wish to change your vote, please raise your hand so that we may give you a blank proxy card to use for voting. We will collect the ballots at the end of the voting portion of the meeting.
It is now 3:14 P.M. on June 16, 2011, and the polls for each matter to be voted on at this meeting are now open. The first item of formal business is the election of nine directors to serve until next year's annual meeting. The persons named in the proxy statement have been nominated to serve as directors of the company for the ensuing year. They are Carl Bass, Robert Beveridge, Jay Hallam Dawson, Richard Christian Halvorson, Sean Maloney, Mary McDowell, Lori Norrington, Charles Rebell, and Stephen West. Those of you who are voting should mark your ballots now. The next item of formal business is to ratify the appointment of Ernst & Young as Autodesk's independent registered public accounting firm for the fiscal year ending January 31, 2012. Those of you who are voting should mark your ballots now.
The next item of business is to hold an advisory vote on the compensation of Autodesk's named executive officers. Those of you who are voting should mark your ballots now. The final item of business is to hold an advisory vote on the frequency of the advisory vote on the compensation of Autodesk's named executive officers. Those of you who are voting should mark your ballots now. If you have voted today, please raise your hand so that we may collect your ballot and have it recorded by the Inspector of Election. It is now 3:16 P.M. on June 16, 2011, and the polls for each matter to be voted on at this meeting are now closed.
Based upon all the proxies and ballots received prior to the commencement of the meeting today and subject to final adjustment of the number of any ballots collected here today, I can tell you that all nine of the directors nominated have been reelected to the Board of Directors to serve until the company's 2012 annual meeting of stockholders. The appointment of Ernst & Young as the company's independent registered public accounting firm for the current fiscal year has been ratified by a majority of the shares present in person or by proxy. The advisory vote on compensation of the company's named executive officers has been approved. The advisory vote to approve the compensation of Autodesk's named executive officers has been recommended to take place annually. This concludes the formal business portion of the meeting. We will now adjourn the formal portion of the meeting to stockholders.
I will now turn the meeting over to Carl Bass to give an annual report of fiscal 2011.
Thank you, Pascal. You gave a brief overview of Autodesk. We're in the business of making software so that our customers can design things. We're in the business of giving people tools so they can better understand the things they're going to build, so eventually they can build them more affordably, more quickly, more sustainably, and more innovatively! Autodesk is the world's leading 3D design software company. Some of the things we have that set us apart from our competition are the global presence that we have. It's the number of markets that we do business in, the industries we serve. We have, in the professional space, over 11 million users. Those users come from over 800,000 different companies. The industries we serve really fall into three categories. The first one is broadly defined as the Architecture, Engineering & Construction space labeled here as AEC.
It's really about the built environment. It's roads, bridges, tunnels, and of course buildings. The second one is, broadly speaking, Manufacturing. Everything from discrete manufacturing to process manufacturing, for people who make small luxury items to the largest things in the world, including cars, planes, and ships. The third one is Media & Entertainment, particularly with a focus on feature-length film and video games. We go to market with our products. We have an unmatched product portfolio, both in the depth of coverage and the reach to all these different industries. We have unparalleled functionality and unparalleled coverage. Here's a quick look at last year. You can see the results from last year, including the three previous years. During the last fiscal year, our revenue grew 14%, and our non-GAAP operating margin increased by 418 basis points. Here's a look back at our EPS over this time.
In blue, you can see the GAAP EPS, and in green, you can see the non-GAAP EPS. One of the assets of our company is the strong balance sheet. We have over $1.5 billion in cash and investments. We have no outstanding debt. Last year, our cash flow from operations increased 219%, and we generated $541 million in cash flow from operations. We just finished our first quarter. We reported on it recently. Our first quarter revenue growth was 11%. A particularly interesting mark for us is that the commercial new license growth was 23%. We had a GAAP EPS growth of 81% and a non-GAAP EPS growth of 38%, and continuing strong cash flow from operations. When you step back and look at Autodesk, we think of ourselves as trying to help people imagine, design, and create a better world.
What we do it through is our financial strength, our market footprint. The way we go to market is by trying to democratize technology and bring it to as broad an audience as possible. We do it through that global outreach to a broad ecosystem, and we are the leader in terms of the volume in the market. The most people in the world use our software to do design and engineering than any other software. Thank you.