SAN FRANCISCO, CA, Nov 23, 2022 – Autodesk, Inc. reported financial results for the third quarter of fiscal 2023. This quarter’s revenue stood at $1,280M, 3.5% up compared to $1,237M of second quarter of fiscal 2023, with a profit of $198M.
“We recently announced Autodesk Fusion, Forma, and Flow, our three industry clouds, which will connect data, teams and workflows in the cloud on our trusted platform,” said Andrew Anagnost, Autodesk president and CEO. “Increasing our engineering velocity, moving data from files to the cloud, and expanding our third-party ecosystem, will enable Autodesk to further increase customer value by delivering even greater efficiency and sustainability.”
“In a more challenging macroeconomic environment, Autodesk performed in line with our expectations in the third quarter, excluding the impact of in-quarter currency movements on revenue. Subscription renewal rates remained strong, as did our competitive performance,” said Debbie Clifford, Autodesk CFO. “Our fiscal 23 revenue, margin, and earnings per share guidance remains close to the previous mid-points at constant exchange rates and comfortably within our prior guidance ranges. Our lower billings and free cash flow guidance primarily reflect less demand for multi-year, up-front and more demand for annual contracts than we expected.”
A complete chart of the financial results is available here.
Autodesk is changing how the world is designed and made. Their technology spans architecture, engineering, construction, product design, manufacturing, media and entertainment, empowering innovators everywhere to solve challenges big and small. From greener buildings to smarter products to more mesmerizing blockbusters, Autodesk software helps their customers to design and make a better world for all.
For more information, visit autodesk.com.