Press release
AUTODESK, INC. ANNOUNCES FISCAL 2025 SECOND QUARTER RESULTS
- Raising the mid-points of billings, revenue, earnings per share, and free cash flow guidance ranges.- Second quarter revenue grew 12 percent, and 13 percent
About this update from Autodesk, Inc.
[{"type":"text","content":"- Raising the mid-points of billings, revenue, earnings per share, and free cash flow guidance ranges.- Second quarter revenue grew 12 percent, and 13 percent at constant exchange rates, to $1.5 billion.- Current remaining performance obligations were $3.9 billion, up 11 percent year over year.\nSAN FRANCISCO, Aug. 29, 2024 /PRNewswire/ -- Autodesk, Inc. (NASDAQ: ADSK) today reported financial results for the second quarter of fiscal 2025.\n\n \n \n \n \n \n \n\n \nAll growth rates are compared to the second quarter of fiscal 2024, unless otherwise noted. A reconciliation of GAAP to non-GAAP results is provided in the accompanying tables. For definitions, please view the Glossary of Terms later in this document.\nSecond Quarter Fiscal 2025 Financial Highlights\nTotal revenue increased 12 percent to $1.51 billion;GAAP operating margin was 23 percent, up 4 percentage points;Non-GAAP operating margin was 37 percent, up 1 percentage point;GAAP diluted EPS was $1.30; Non-GAAP diluted EPS was $2.15;Cash flow from operating activities was $212 million; free cash flow was $203 million.\"Autodesk continues to generate strong and sustained momentum both in absolute terms and relative to peers. Our success is fueled by our ability to capitalize on the attractive long term-growth trends we're seeing, including increases in global reconstruction and infrastructure. This is supported by our focused strategy to deliver more valuable and connected solutions for our customers, and by the proven durability of our business,\" said Andrew Anagnost, Autodesk president and CEO. \"Disciplined execution and capital deployment is driving even greater operational velocity and efficiency within Autodesk and will underpin the mechanical build of revenue and free cash flow over the next few years and GAAP margins among the best in the industry. In combination, we believe these factors will deliver sustainable shareholder value over many years.\"\n\"We generated broad-based growth across products and regions in architecture, engineering and construction (AEC) and manufacturing in the second quarter. Overall, macroeconomic, policy, and geopolitical challenges, and the underlying momentum of the business, were consistent with the last few quarters,\" said Betsy Rafael, Autodesk interim CFO. \"Given our sustained momentum in the second quarter, and smooth launc...