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Apr 30, 2020
Autodesk Q1 2021 Earnings Report
Autodesk reported solid first quarter results with revenue growth and operating margin expansion.
Key Takeaways
Autodesk's first quarter fiscal 2021 results showed a 20% increase in total revenue to $886 million, a GAAP operating margin of 15%, and a non-GAAP operating margin of 28%. GAAP diluted EPS was $0.30, while non-GAAP diluted EPS was $0.85. Cash flow from operating activities was $327 million, and free cash flow was $307 million.
Total revenue increased 20 percent year-over-year to $886 million.
GAAP operating margin was 15 percent, up 11 percentage points.
Non-GAAP operating margin was 28 percent, up 10 percentage points.
Free cash flow was $307 million.
Autodesk
Autodesk
Autodesk Revenue by Geographic Location
Revenue by Geographic Location
Americas Revenue
CapyFin.comEMEA Revenue
CapyFin.comAPAC Revenue
CapyFin.com Forward Guidance
Autodesk provided business outlook for the second quarter and full-year fiscal 2021, taking into consideration the current economic environment and foreign exchange currency rate environment.
Positive Outlook
- Second Quarter Fiscal 2021 Revenue is expected to be between $890 million and $905 million.
- Second Quarter Fiscal 2021 GAAP EPS is expected to be between $0.39 and $0.45.
- Second Quarter Fiscal 2021 Non-GAAP EPS is expected to be between $0.86 and $0.92.
- Full Year Fiscal 2021 Revenue is expected to grow 12% - 15%.
- Full Year Fiscal 2021 Free cash flow is expected to be between $1,300 million and $1,400 million.
Challenges Ahead
- Full Year Fiscal 2021 Billings are expected to be down 3% - up 1%.
- Full Year Fiscal 2021 GAAP operating margin is expected to be 14% - 16%.
- Full Year Fiscal 2021 Non-GAAP operating margin is expected to be 27% - 29%.
- Full Year Fiscal 2021 GAAP EPS is expected to be between $1.51 and $1.89.
- Full Year Fiscal 2021 Non-GAAP EPS is expected to be between $3.52 and $3.90.
Revenue & Expenses
Visualization of income flow from segment revenue to net income