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Jul 31, 2020
Autodesk Q2 2021 Earnings Report
Autodesk's Q2 2021 financial results were announced, showcasing year-over-year growth in revenue and operating margin.
Key Takeaways
Autodesk reported a strong second quarter with a 15% increase in total revenue to $913 million. GAAP operating margin increased by 7 percentage points to 16%, and non-GAAP operating margin increased by 5 percentage points to 29%. GAAP diluted EPS was $0.44, and non-GAAP diluted EPS was $0.98. Free cash flow was $64 million.
Total revenue increased 15 percent to $913 million.
GAAP operating margin was 16 percent, up 7 percentage points.
Non-GAAP operating margin was 29 percent, up 5 percentage points.
GAAP diluted EPS was $0.44; Non-GAAP diluted EPS was $0.98.
Revenue by Geographic Location
Forward Guidance
Autodesk provided guidance for the third quarter and full year of fiscal 2021, taking into consideration the current economic and foreign exchange environment.
Positive Outlook
- Revenue for Q3 FY21 is expected to be between $930 million and $945 million.
- GAAP EPS for Q3 FY21 is projected to be between $0.42 and $0.48.
- Non-GAAP EPS for Q3 FY21 is expected to be between $0.91 and $0.97.
- Full year revenue is expected to be between $3,715 million and $3,765 million, up 13.5% - 15.0%.
- Full year free cash flow is projected to be between $1,300 million and $1,400 million.
Challenges Ahead
- Billings for FY21 are expected to be between $4,070 million and $4,170 million, down (3.0%) - (0.5%).
- GAAP operating margin for FY21 is expected to be between 14.5% and 16.0%.
- Non-GAAP operating margin for FY21 is expected to be between 27.5% and 29.0%.
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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