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Apr 30, 2022

Autodesk Q1 2023 Earnings Report

Autodesk's Q1 2023 results reflected steady execution, industry-leading products and platforms, and resilience through uncertainty.

Key Takeaways

Autodesk reported strong Q1 2023 results with an 18% increase in total revenue and a 16% increase in billings. GAAP and non-GAAP operating margins expanded, and free cash flow generation was robust. The company's performance was broad-based across products and regions, with continued cost discipline.

Total revenue increased 18 percent to $1,170 million.

GAAP operating margin was 18 percent, up 4 percentage points.

Non-GAAP operating margin was up 6 percentage points to 34 percent.

Free cash flow was $422 million.

Total Revenue
$1.17B
Previous year: $989M
+18.3%
EPS
$1.43
Previous year: $1.03
+38.8%
GAAP Operating Margin
18%
Previous year: 14%
+28.6%
Non-GAAP Operating Margin
34%
Previous year: 28%
+21.4%
Billings
$1.13B
Previous year: $974M
+15.9%
Gross Profit
$1.05B
Previous year: $897M
+17.5%
Cash and Equivalents
$1.52B
Previous year: $923M
+64.4%
Free Cash Flow
$422M
Previous year: $316M
+33.5%
Total Assets
$8.26B
Previous year: $7.3B
+13.2%

Autodesk

Autodesk

Autodesk Revenue by Segment

Autodesk Revenue by Geographic Location

Forward Guidance

Autodesk's business outlook for the second quarter and full-year fiscal 2023 takes into consideration the current economic environment and foreign exchange currency rate environment.

Revenue & Expenses

Visualization of income flow from segment revenue to net income