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
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© 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 October
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| Nine Months Ended October 31, | ||||
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| 2023 |
| 2022 |
| 2023 |
| 2022 |
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| (Unaudited) |
| (Unaudited) | ||||
Net revenue: |
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Subscription | $ 1,314 |
| $ 1,188 |
| $ 3,777 |
| $ 3,437 |
Maintenance | 12 |
| 16 |
| 40 |
| 51 |
Total subscription and maintenance revenue | 1,326 |
| 1,204 |
| 3,817 |
| 3,488 |
Other | 88 |
| 76 |
| 211 |
| 199 |
Total net revenue | 1,414 |
| 1,280 |
| 4,028 |
| 3,687 |
Cost of revenue: |
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Cost of subscription and maintenance revenue | 94 |
| 86 |
| 285 |
| 253 |
| Cost of other revenue | 21 |
| 19 |
| 62 |
| 59 |
| Amortization of developed technologies | 12 |
| 15 |
| 34 |
| 44 |
| Total cost of revenue | 127 |
| 120 |
| 381 |
| 356 |
| Gross profit | 1,287 |
| 1,160 |
| 3,647 |
| 3,331 |
| Operating expenses: |
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| Marketing and sales | 439 |
| 454 |
| 1,344 |
| 1,306 |
| Research and development | 339 |
| 311 |
| 1,021 |
| 906 |
| General and administrative | 165 |
| 129 |
| 438 |
| 377 |
| Amortization of purchased intangibles | 10 |
| 10 |
| 31 |
| 30 |
| Total operating expenses | 953 |
| 904 |
| 2,834 |
| 2,619 |
| Income from operations | 334 |
| 256 |
| 813 |
| 712 |
| Interest and other expense, net | (14) |
| (14) |
| (14) |
| (43) |
| Income before income taxes | 320 |
| 242 |
| 799 |
| 669 |
| Provision for income taxes | (79) |
| (44) |
| (175) |
| (139) |
| Net income | $ 241 |
| $ 198 |
| $ 624 |
| $ 530 |
| Basic net income per share | $ 1.13 |
| $ 0.92 |
| $ 2.92 |
| $ 2.44 |
| Diluted net income per share | $ 1.12 |
| $ 0.91 |
| $ 2.89 |
| $ 2.43 |
| Weighted average shares used in computing basic net income per
| 214 |
| 216 |
| 214 |
| 217 |
| Weighted average shares used in computing diluted net income per
| 216 |
| 217 |
| 216 |
| 218 |
