SAN RAFAEL, CA, May 25, 2018 – Autodesk, Inc. reported financial results for the first quarter of fiscal 2019. This quarter’s revenue stood at $559.9M, a rise of 1.1% compared to $553.8M of last quarter of fiscal 2018, with a loss of $82.4M.
Comparative analysis based on Autodesk’s financial results in the last 12 quarters (Result source Autodesk website)
Comparative analysis based on Autodesk’s financial results in the last 12 quarters (Result source Autodesk website)
“Our first quarter results are a good start to the new fiscal year and demonstrate Autodesk is firmly in the growth phase of our business model transition,” said Andrew Anagnost, Autodesk president and CEO. “Once again, our focus on driving growth in ARR has yielded strong results, which we believe will accelerate as we move through the year. Our focus and investment on our customers’ experience continued to drive customers to migrate from maintenance to subscription during the quarter. We’ve now seen approximately half a million maintenance subscriptions convert to product subscriptions in less than a year and we expect that number to grow significantly in the coming quarters.”
“Our growth in ARR was only part of the story during the first quarter, as we also delivered strong growth in billings, total deferred revenue, and ARPS,” said Scott Herren, Autodesk CFO. “This quarter also marked another milestone in our business model transition with our return to non-GAAP profitability. Overall, we remain confident in achieving the targets we set for this year and the long-term targets laid out at our recent investor day.”
A complete chart of the financial results is available here.
About Autodesk
Autodesk makes software for people who make things. If you’ve ever driven a high-performance car, admired a towering skyscraper, used a smartphone, or watched a great film, chances are you’ve experienced what millions of Autodesk customers are doing with our software. Autodesk gives you the power to make anything.
For more information visit autodesk.com.
