earnings
confidence high
sentiment positive
materiality 0.70
Autodesk Q2 revenue up 17% to $1.24B; GAAP EPS $0.85, non-GAAP $1.65; FY23 guidance unchanged
Autodesk, Inc.
2023-Q2 EPS reported
$1.52
revenue$2,407,000,000
- Total revenue $1,237M (+17% YoY); recurring revenue 98% of total.
- GAAP operating margin 20% (+6pp); non-GAAP operating margin 36% (+5pp).
- GAAP diluted EPS $0.85 (vs $0.52 YoY); non-GAAP diluted EPS $1.65 (vs $1.21).
- Cash flow from ops $257M; free cash flow $246M; total billings +17% to $1,191M.
- FY23 guidance reaffirmed at mid-point across all metrics despite FX headwinds.