SAN RAFAEL, CA, Mar 7, 2018 – Autodesk, Inc. reported financial results for the fourth quarter of fiscal 2018. This quarter’s revenue stood at $553.8M, a rise of 7.6% compared to the third quarter, with a loss of $173.5M.
“We continue to execute well on our business model transition and are poised to further accelerate ARR growth next year,” said Andrew Anagnost, Autodesk president and CEO. “We were pleased to see a meaningful increase in total annualized revenue per subscription (ARPS) and a better than expected conversion rate with the maintenance to subscription program. Total subscription additions for the quarter were impacted by a greater than expected number of customers shifting from individual products to higher value Industry Collections resulting in ARR growth.”
“During the quarter we reached another significant milestone in our business model transition where subscription plan ARR surpassed maintenance plan for the first time, in-line with our projections,” said Scott Herren, Autodesk CFO. “In addition to strong revenue and ARR growth, we also experienced strength in billings and deferred revenue, generating better than expected cash flow from operations. Our fiscal 2018 was another successful year and sets us up to achieve our fiscal 2020 goals for ARR growth and free cash flow.”
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 our software. Autodesk gives you the power to make anything.
For more information visit autodesk.com.