Autodesk Q2 Revenue Up 3% to $913M with $98M Profit

SAN RAFAEL, CA, Aug 26, 2020 – Autodesk, Inc. reported financial results for the second quarter of fiscal 2021. This quarter’s revenue stood at $913.1M, 3% up compared to $885.7M of first quarter of fiscal 2021, with a profit of $98.2M.

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)

“We delivered a strong second quarter as a result of our resilient business model and strategic nature of our products,” said Andrew Anagnost, Autodesk president and CEO. “Our cloud-based solutions are helping our customers stay productive in the current environment, and have resulted in expanded relationships and usage of our products. I am very proud of our team as we continue to deliver on our long-term strategic goals, and remain confident in our growth drivers and fiscal 2023 targets.”

“With solid performance across all key metrics, our second quarter results demonstrated the strength of our business,” said Scott Herren, Autodesk CFO. “As a result of our adaptability, outstanding execution in a difficult environment, and healthy renewal rates, we delivered 15 percent year-over-year growth in revenue, expanded our operating margin by 5 percentage points, and delivered robust free cash flow.”

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 their software. Autodesk gives you the power to make anything.

For more information, visit autodesk.com.

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