Autodesk, Inc. |
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Condensed Consolidated Statements of Operations | |||
(In millions, except per share data) |
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| Three Months Ended April 30, | ||
| 2023 |
| 2022 |
| (Unaudited) | ||
Net revenue: |
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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: |
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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: |
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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 |