SAN RAFAEL, CA, Aug 27, 2018 – Autodesk, Inc. reported financial results for the second quarter of fiscal 2019. This quarter’s revenue stood at $611.7M, a rise of 9.2% compared to $559.9M of first quarter of fiscal 2019, with a loss of $39.4M.
“Broad-based strength in customer demand and continued execution across our business helped accelerate growth in ARR and annualized revenue per subscription (ARPS),” said Andrew Anagnost, Autodesk president and CEO. “A superior user experience is motivating new customers to turn to Autodesk subscription and cloud offerings, and we continue to see a steady stream of existing maintenance customers migrating to subscription.”
“We posted strong results for several key metrics including billings, revenue, total deferred revenue, and earnings,” said Scott Herren, Autodesk CFO. “We also generated positive cash flow from operating activities and expect to be cash flow positive for the year. We’re pleased with our performance in the first half of the fiscal year and are confident in our ability to drive results for the remainder of the year.”
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.
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