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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.
Revenue by Geographic Location
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%.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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