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Apr 30, 2023
Autodesk Q1 2024 Earnings Report
Autodesk's first quarter revenue grew, with strong free cash flow generation and rising renewal rates.
Key Takeaways
Autodesk's Q1 2024 results showed revenue growth of 8 percent to $1.3 billion. GAAP EPS was $0.75, and non-GAAP EPS was $1.55. Free cash flow increased by 69 percent year over year to $714 million.
Total revenue increased 8 percent to $1,269 million.
GAAP operating margin was 17 percent, down 1 percentage point.
Non-GAAP operating margin was 32 percent, down 2 percentage points.
Free cash flow was $714 million, up 69 percent year over year.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Autodesk provided guidance for the second quarter of fiscal year 2024, with revenue expected to be between $1,315 million and $1,325 million, and GAAP EPS between $0.81 and $0.85. For the full fiscal year 2024, they anticipate revenue between $5,355 million and $5,455 million and free cash flow between $1,150 million and $1,250 million.
Positive Outlook
- Revenue (in millions): $1,315 - $1,325
- EPS GAAP: $0.81 - $0.85
- Billings (in millions): $5,025 - $5,175
- Revenue (in millions): $5,355 - $5,455
- Free cash flow (in millions): $1,150 - $1,250
Challenges Ahead
- Down 13% - 11%
- Up 7% - 9%
- Approx. flat year over year
- EPS GAAP: $3.68 - $4.02
- EPS non-GAAP: $7.07 - $7.41
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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