Autodesk Q3 Revenue Up 4% to $952M with $132M Profit

SAN RAFAEL, CA, Nov 25, 2020 – Autodesk, Inc. reported financial results for the third quarter of fiscal 2021. This quarter’s revenue stood at $952.4M, 4.3% up compared to $913.1M of second quarter of fiscal 2021, with a profit of $132.2M.

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)

“Our strong third quarter results reflect the growing customer value of our cloud-based platform and the resilience of our subscription business model,” said Andrew Anagnost, Autodesk president and CEO. “Our enterprise customers are undertaking their own digital transformation and, by enabling that transformation, we are becoming strategic partners. For example, we signed a nine-digit deal in the quarter. We are confident in our fiscal 2023 targets and expect to see continued double-digit growth thereafter.”

“Third quarter revenue, earnings, and free cash flow were above expectations, driven by the strength of our healthy subscription renewal rates and continued success with enterprise customers,” said Scott Herren, Autodesk CFO. “We are executing with strength, with current remaining performance obligations growing 16 percent year over year despite uncertain macro-economic conditions. The business model transition we have made leaves us well positioned as the secular-industry shift to the cloud accelerates.”

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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