$ADSK (-0,12 %) Autodesk Inc. reported earnings

Fiscal 2025 Q3 results ended October 31st, 2024

- Revenue reached $1.57B, up 11% YoY

- Net income was $275M, up from $241M YoY

- GAAP diluted EPS $1.27, up from $1.12 YoY

- Total billings increased 28% YoY to $1.54B

CEO Andrew Anagnost: "Autodesk is leading the industry in modernizing its go-to-market motion. These initiatives enable us to build larger and more durable direct relationships with our customers and to serve them more efficiently. We have already seen significant benefits from these optimization initiatives and there's more to come in the next phase."

Revenue & Growth

- Americas revenue: $705M, +10% YoY

- EMEA revenue: $580M, +12% YoY

- APAC revenue: $285M, +10% YoY

- Subscription revenue: $1.46B, +11% YoY

- Recurring revenue represents 97% of total revenue

- Net revenue retention rate remained within 100-110%

Profits & Financials

- GAAP operating margin: 22%, down 2 percentage points YoY

- Non-GAAP operating margin: 36%, down 3 percentage points YoY

- Operating cash flow: $209M, up $191M YoY

- Free cash flow: $199M, up $186M YoY

- Cash and equivalents: $1.44B

Business Highlights

- AEC revenue: $751M, +11% YoY

- AutoCAD and AutoCAD LT revenue: $398M, +7% YoY

- Manufacturing revenue: $307M, +14% YoY

- Media & Entertainment revenue: $83M, +14% YoY

- Appointed Janesh Moorjani as chief financial officer

Future Outlook

- FY25 revenue guidance: $6.115B-$6.13B, up ~11%

- FY25 billings guidance: $5.9B-$5.98B, up 14-15%

- Q4 FY25 revenue guidance: $1.623B-$1.638B

- Q4 FY25 GAAP EPS guidance: $1.21-$1.27

- FY25 free cash flow guidance: $1.47B-$1.5B