AUTODESK, INC. ANNOUNCES FISCAL 2025 FIRST QUARTER RESULTS

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.




Condensed Consolidated Statements of Operations

(In millions, except per share data)









Three Months Ended April 30,


2024


2023


(Unaudited)

Net revenue:




Subscription

$          1,330


$           1,193

Maintenance

11


14

    Total subscription and maintenance revenue

1,341


1,207

Other

76


62

Total net revenue

1,417


1,269

Cost of revenue:




Cost of subscription and maintenance revenue

100


96

Cost of other revenue

20


20

Amortization of developed technologies

17


11

Total cost of revenue

137


127

Gross profit

1,280


1,142

Operating expenses:




Marketing and sales

469


456

Research and development

346


327

General and administrative

155


132

Amortization of purchased intangibles

11


10

Total operating expenses

981


925

Income from operations

299


217

Interest and other income, net

10


4

Income before income taxes

309


221

Provision for income taxes

(57)


(60)

Net income

$               252


$             161

Basic net income per share

$              1.17


$            0.75

Diluted net income per share

$              1.16


$            0.75

Weighted average shares used in computing basic net income per share

215


215

Weighted average shares used in computing diluted net income per share

217


216


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