Further information on potential factors that could affect the financial results of Autodesk are included in Autodesk's Form 10-K and subsequent Forms 10-Q, which are on file with the U.S. Securities and Exchange Commission. Autodesk disclaims 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 is changing how the world is designed and made. Our technology spans architecture, engineering, construction, product design, manufacturing, media and entertainment, empowering innovators everywhere to solve challenges big and small. From greener buildings to smarter products to more mesmerizing blockbusters, Autodesk software helps our customers to design and make a better world for all. For more information, visit autodesk.com or follow @autodesk. #MakeAnything
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Autodesk, AutoCAD, AutoCAD LT, BIM 360 and Fusion 360 are registered trademarks 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 service 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.
© 2023 Autodesk, Inc. All rights reserved.
Autodesk, Inc. |
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Condensed Consolidated Statements of Operations |
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(In millions, except per share data) |
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| Three Months Ended July 31, |
| Six Months Ended July 31, | ||||
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| 2023 |
| 2022 |
| 2023 |
| 2022 |
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| (Unaudited) |
| (Unaudited) | ||||
Net revenue: |
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Subscription | $ 1,270 |
| $ 1,160 |
| $ 2,463 |
| $ 2,249 |
Maintenance | 14 |
| 17 |
| 28 |
| 35 |
Total subscription and maintenance revenue | 1,284 |
| 1,177 |
| 2,491 |
| 2,284 |
Other | 61 |
| 60 |
| 123 |
| 123 |
Total net revenue | 1,345 |
| 1,237 |
| 2,614 |
| 2,407 |
Cost of revenue: |
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Cost of subscription and maintenance revenue | 95 |
| 83 |
| 191 |
| 167 |
| Cost of other revenue | 21 |
| 21 |
| 41 |
| 40 |
| Amortization of developed technologies | 11 |
| 15 |
| 22 |
| 29 |
| Total cost of revenue | 127 |
| 119 |
| 254 |
| 236 |
| Gross profit | 1,218 |
| 1,118 |
| 2,360 |
| 2,171 |
| Operating expenses: |
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| Marketing and sales | 449 |
| 433 |
| 905 |
| 852 |
| Research and development | 355 |
| 306 |
| 682 |
| 595 |
| General and administrative | 141 |
| 128 |
| 273 |
| 248 |
| Amortization of purchased intangibles | 11 |
| 9 |
| 21 |
| 20 |
| Total operating expenses | 956 |
| 876 |
| 1,881 |
| 1,715 |
| Income from operations | 262 |
| 242 |
| 479 |
| 456 |
| Interest and other (expense) income, net | (4) |
| (10) |
| — |
| (29) |
| Income before income taxes | 258 |
| 232 |
| 479 |
| 427 |
| Provision for income taxes | (36) |
| (46) |
| (96) |
| (95) |
| Net income | $ 222 |
| $ 186 |
| $ 383 |
| $ 332 |
| Basic net income per share | $ 1.04 |
| $ 0.86 |
| $ 1.79 |
| $ 1.53 |
| Diluted net income per share | $ 1.03 |
| $ 0.85 |
| $ 1.77 |
| $ 1.52 |
| Weighted average shares used in computing basic net income per
| 214 |
| 217 |
| 214 |
| 217 |
| Weighted average shares used in computing diluted net income per
| 215 |
| 218 |
| 216 |
| 218 |
