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
The world's designers, engineers, builders, and creators trust Autodesk to help them design and make anything. From the buildings we live and work in, to the cars we drive and the bridges we drive over. From the products we use and rely on, to the movies and games that inspire us. Autodesk's Design and Make Platform unlocks the power of data to accelerate insights and automate processes, empowering our customers with the technology to create the world around us and deliver better outcomes for their business and the planet. For more information, visit autodesk.com or follow @autodesk. #MakeAnything
Autodesk uses its investors.autodesk.com website as a means of disclosing material non-public information, announcing upcoming investor conferences and for complying with its disclosure obligations under Regulation FD. Accordingly, you should monitor our investor relations website in addition to following our press releases, SEC filings and public conference calls and webcasts.
Autodesk, AutoCAD, AutoCAD LT, BIM 360 and Fusion 360 are 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.
© 2024 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 October 31, |
| Nine Months Ended October 31, | ||||
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| 2024 |
| 2023 |
| 2024 |
| 2023 |
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| (Unaudited) |
| (Unaudited) | ||||
Net revenue: |
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Subscription | $ 1,457 |
| $ 1,314 |
| $ 4,195 |
| $ 3,777 |
Maintenance | 9 |
| 12 |
| 31 |
| 40 |
Total subscription and maintenance revenue | 1,466 |
| 1,326 |
| 4,226 |
| 3,817 |
Other | 104 |
| 88 |
| 266 |
| 211 |
Total net revenue | 1,570 |
| 1,414 |
| 4,492 |
| 4,028 |
Cost of revenue: |
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Cost of subscription and maintenance revenue | 105 |
| 94 |
| 305 |
| 285 |
| Cost of other revenue | 19 |
| 21 |
| 57 |
| 62 |
| Amortization of developed technologies | 23 |
| 12 |
| 62 |
| 34 |
| Total cost of revenue | 147 |
| 127 |
| 424 |
| 381 |
| Gross profit | 1,423 |
| 1,287 |
| 4,068 |
| 3,647 |
| Operating expenses: |
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| Marketing and sales | 525 |
| 439 |
| 1,474 |
| 1,344 |
| Research and development | 378 |
| 339 |
| 1,092 |
| 1,021 |
| General and administrative | 161 |
| 165 |
| 477 |
| 438 |
| Amortization of purchased intangibles | 13 |
| 10 |
| 37 |
| 31 |
| Total operating expenses | 1,077 |
| 953 |
| 3,080 |
| 2,834 |
| Income from operations | 346 |
| 334 |
| 988 |
| 813 |
| Interest and other income (expense), net | 5 |
| (14) |
| 24 |
| (14) |
| Income before income taxes | 351 |
| 320 |
| 1,012 |
| 799 |
| Provision for income taxes | (76) |
| (79) |
| (203) |
| (175) |
| Net income | $ 275 |
| $ 241 |
| $ 809 |
| $ 624 |
| Basic net income per share | $ 1.28 |
| $ 1.13 |
| $ 3.76 |
| $ 2.92 |
| Diluted net income per share | $ 1.27 |
| $ 1.12 |
| $ 3.73 |
| $ 2.89 |
| Weighted average shares used in computing basic net income per share | 215 |
| 214 |
| 215 |
| 214 |
| Weighted average shares used in computing diluted net income per share | 217 |
| 216 |
| 217 |
| 216 |
