AUTODESK, INC. ANNOUNCES FISCAL 2024 FIRST QUARTER RESULTS

© 2023 Autodesk, Inc. All rights reserved.

Autodesk, Inc.




Condensed Consolidated Statements of Operations

(In millions, except per share data)









Three Months Ended April 30,


2023


2022


(Unaudited)

Net revenue:




Subscription

$           1,193


$          1,089

Maintenance

14


18

    Total subscription and maintenance revenue

1,207


1,107

Other

62


63

Total net revenue

1,269


1,170

Cost of revenue:




Cost of subscription and maintenance revenue

96


84

Cost of other revenue

20


19

Amortization of developed technologies

11


14

Total cost of revenue

127


117

Gross profit

1,142


1,053

Operating expenses:




Marketing and sales

456


419

Research and development

327


289

General and administrative

132


120

Amortization of purchased intangibles

10


11

Total operating expenses

925


839

Income from operations

217


214

Interest and other income (expense), net

4


(19)

Income before income taxes

221


195

Provision for income taxes

(60)


(49)

Net income

$               161


$              146

Basic net income per share

$              0.75


$             0.67

Diluted net income per share

$              0.75


$             0.67

Weighted average shares used in computing basic net income per share

215


217

Weighted average shares used in computing diluted net income per share

216


219


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