Balance Sheet & Cash FlowĪs of Oct 31, 2021, Autodesk had cash and cash equivalents (including marketable securities) of $1.792 billion compared with $924.9 million as of Jul 31, 2021.ĭeferred revenues increased 14% to $3.3 billion.
Non-GAAP operating margin expanded 200 bps from the year-ago quarter’s levels to 32%. Non-GAAP operating expenses increased 13.4% year over year to $675.2 million in the quarter under review.Īutodesk reported a non-GAAP operating income of $365 million, up 27.1% year over year. Non-GAAP gross margin contracted 100 basis points (bps) from the year-ago quarter’s figures to 92%. M&E (5.6% of revenues) increased 17% to $63 million, while other revenues (0.7% of revenues) increased 36% to $8.3 million. MFG (20% of revenues) revenues increased 16% to $225 million. AutoCAD and AutoCAD LT (28.3% of revenues) revenues rose 14% to $318.4 million. Story continues Products Top-Line DetailsĪutodesk offers primarily four product families - Architecture, Engineering and Construction (AEC), AutoCAD and AutoCAD LT, Manufacturing (MFG) as well as Media and Entertainment (M&E).ĪEC (45.4% of revenues) revenues increased 22% year over year to $511.1 million. In the past year, shares of Autodesk have returned 12.1% compared with the industry’s growth of 50%. Previously, billings were projected to be $4.875-$4.795 billion, indicating an increase of 18-20% year over year.įree cash flow is expected between $1.42 billion and $1.46 billion compared with the earlier guidance of $1.5-$1.575 billion.įollowing the announcement, shares are down 13.8% in the premarket trading on Nov 24. Owing to supply chain troubles, labor shortage, highly-evolving COVID situation and certain country-specific challenges, Autodesk lowered fiscal 2022 billings and free cash flow outlook at the mid-point by $150 million and $100 million, respectively.īillings are now projected to be $4.74-$4.8 billion, suggesting an increase of 14-16% year over year. The upside was driven by new product subscriptions and higher renewal rates. At constant currency (cc), revenues were up 17%. Revenues of $1.126 billion beat the consensus mark by 0.7% and rose 18% year over year. Autodesk ADSK reported third-quarter fiscal 2022 non-GAAP earnings of $1.33 per share that increased 27.9% year over year.
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