Current remaining performance obligations were $3.9B, up 11 percent year over year
SAN FRANCISCO, CA, Sep 3, 2024 – Autodesk, Inc. reported financial results for the second quarter of fiscal 2025. This quarter’s revenue stood at $1,505M, 6.2% up compared to $1,417M of first quarter of fiscal 2025, with a profit of $282M.
“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.”
“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 launch of the new transaction model in North America, we are raising the mid-points of our billings, revenue, earnings per share, and free cash flow guidance ranges.”
A complete chart of the financial results is available here.
Autodesk is changing how the world is designed and made. Their technology spans architecture, engineering, construction, product design, manufacturing, media and entertainment, empowering innovators everywhere to solve challenges big and small. For more information, visit autodesk.com.
