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Oct 31, 2023

Autodesk Q3 2024 Earnings Report

Third quarter revenue grew 10 percent, and 13 percent at constant exchange rates, to $1.4 billion.

Key Takeaways

Autodesk's Q3 2024 financial results showed strong performance with revenue increasing by 10% to $1.414 billion. The company's GAAP operating margin was 24%, and non-GAAP operating margin was 39%. GAAP diluted EPS was $1.12, while non-GAAP diluted EPS was $2.07. The company is raising revenue, earnings per share, and free cash flow guidance.

Total revenue increased 10 percent to $1,414 million.

GAAP operating margin was 24 percent, up 4 percentage points.

Non-GAAP operating margin was 39 percent, up 3 percentage points.

Non-GAAP diluted EPS was $2.07.

Total Revenue
$1.41B
Previous year: $1.28B
+10.5%
EPS
$2.07
Previous year: $1.7
+21.8%
GAAP Operating Margin
24%
Previous year: 20%
+20.0%
Non-GAAP Operating Margin
39%
Previous year: 36%
+8.3%
Billings
$1.2B
Previous year: $1.36B
-11.5%
Gross Profit
$1.29B
Previous year: $1.16B
+10.9%
Cash and Equivalents
$1.95B
Previous year: $1.67B
+17.4%
Free Cash Flow
$13M
Previous year: $460M
-97.2%
Total Assets
$9.23B
Previous year: $8.64B
+6.8%

Autodesk

Autodesk

Autodesk Revenue by Segment

Autodesk Revenue by Geographic Location

Forward Guidance

Autodesk's business outlook for the fourth quarter and full-year fiscal 2024 considers the current economic environment and foreign exchange currency rate environment.

Revenue & Expenses

Visualization of income flow from segment revenue to net income