Autodesk, Inc.

Condensed Consolidated Statements of Operations

(In millions, except per share data)

Three Months Ended April 30,

2023

2022

(Unaudited)

Net revenue:

Subscription

$           1,193

$          1,089

Maintenance

14

18

    Total subscription and maintenance revenue

1,207

1,107

Other

62

63

Total net revenue

1,269

1,170

Cost of revenue:

Cost of subscription and maintenance revenue

96

84

Cost of other revenue

20

19

Amortization of developed technologies

11

14

Total cost of revenue

127

117

Gross profit

1,142

1,053

Operating expenses:

Marketing and sales

456

419

Research and development

327

289

General and administrative

132

120

Amortization of purchased intangibles

10

11

Total operating expenses

925

839

Income from operations

217

214

Interest and other income (expense), net

4

(19)

Income before income taxes

221

195

Provision for income taxes

(60)

(49)

Net income

$               161

$              146

Basic net income per share

$              0.75

$             0.67

Diluted net income per share

$              0.75

$             0.67

Weighted average shares used in computing basic net income per share

215

217

Weighted average shares used in computing diluted net income per share

216

219