AUTODESK, INC. ANNOUNCES FISCAL 2024 FOURTH QUARTER AND FULL-YEAR 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

Autodesk is changing how the world is designed and made. Our technology spans architecture, engineering, construction, product design, manufacturing, media and entertainment, empowering innovators everywhere to solve challenges big and small. From greener buildings to smarter products to more mesmerizing blockbusters, Autodesk software helps our customers to design and make a better world for all. 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 registered 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 January 31,


Fiscal Year Ended January 31,


2024


2023


2024


2023


(Unaudited)

Net revenue:








Subscription

$            1,339


$                 1,214


$             5,116


$            4,651

Maintenance

14


14


54


65

    Total subscription and maintenance revenue

1,353


1,228


5,170


4,716

Other

116


90


327


289

Total net revenue

1,469


1,318


5,497


5,005

Cost of revenue:








Cost of subscription and maintenance revenue

96


90


381


343

Cost of other revenue

20


20


82


79

Amortization of developed technologies

14


14


48


58

Total cost of revenue

130


124


511


480

Gross profit

1,339


1,194


4,986


4,525

Operating expenses:








Marketing and sales

479


439


1,823


1,745

Research and development

352


313


1,373


1,219

General and administrative

182


155


620


532

Amortization of purchased intangibles

11


10


42


40

Total operating expenses

1,024


917


3,858


3,536

Income from operations

315


277


1,128


989

Interest and other income (expense), net

22



8


(43)

Income before income taxes

337


277


1,136


946

(Provision) benefit for income taxes

(55)


16


(230)


(123)

Net income

$               282


$                   293


$              906


$              823

Basic net income per share

$              1.32


$                  1.36


$              4.23


$              3.81

Diluted net income per share

$               1.31


$                  1.35


$              4.19


$             3.78

Weighted average shares used in computing basic net income per share

214


216


214


216

Weighted average shares used in computing diluted net income per share

216


217


216


218


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