SAN RAFAEL, CA, Feb 28, 2020 – Autodesk, Inc. reported financial results for the fourth quarter of fiscal 2020. This quarter’s revenue stood at $899.3M, 5.8% up compared to $842.7M of thrid quarter of fiscal 2020, with a profit of $131.8M.
“We ended fiscal 2020 on a very strong note with revenue, earnings, and free cash flow coming in above expectations. We are entering the sustainable growth phase of our subscription journey with great momentum,” said Andrew Anagnost, Autodesk president and CEO. “Our construction business had a landmark year, we continue to gain share in manufacturing, and are making steady progress in monetizing non-compliant users. We are highly confident in our long-term growth drivers and fiscal 2023 targets.”
“We delivered strong results across the board in fiscal 2020 and are reiterating our fiscal 2021 and 2023 targets,” said Scott Herren, Autodesk CFO. “In fiscal 2020, we delivered ARR growth of 25 percent while expanding non-GAAP operating margin by 12 percentage points. Our resilient business model combined with multiple growth drivers, positions us well to deliver on our goals.”
A complete chart of the financial results is available here.
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.