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.
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.
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