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Autodesk Reports Record Revenue Results

Autodesk Reports Record Revenue Results
0 comments, 19/08/2014, by , in News

SAN RAFAEL, Calif.–(BUSINESS WIRE)–Autodesk, Inc. (NASDAQ:ADSK) today reported financial results for the second quarter of fiscal 2015.

Second Quarter Fiscal 2015

  • Total billings increased 27 percent, compared to the second quarter of fiscal 2014.
  • Total subscriptions increased by approximately 74,000, from the first quarter of fiscal 2015.
  • Revenue was a record $637 million, an increase of 13 percent, compared to the second quarter of fiscal 2014 as reported, and increased 13 percent on a constant currency basis. Revenue contribution from the recent acquisition of Delcam was approximately $11 million.
  • GAAP operating margin was 8 percent, compared to 15 percent in the second quarter of fiscal 2014.
  • Non-GAAP operating margin was 18 percent, compared with 24 percent in the second quarter of fiscal 2014. A reconciliation of GAAP to non-GAAP results is provided in the accompanying tables.
  • GAAP diluted earnings per share were $0.13, compared to $0.27 in the second quarter of fiscal 2014.
  • Non-GAAP diluted earnings per share were $0.35, compared to $0.45 in the second quarter of fiscal 2014.
  • Deferred revenue was a record $981 million, an increase of 22 percent, compared to the second quarter of fiscal 2014.
  • Cash flow from operating activities was $96 million, an increase of 47 percent, compared to the second quarter of fiscal 2014.

“Strong demand on a global basis and expanding adoption of our suites solutions drove strong billings and record revenue results,” said Carl Bass, Autodesk president and CEO. “We also made meaningful progress in the transition to a more recurring, subscription-based business, adding approximately 74,000 maintenance, desktop (rental), and cloud subscriptions. As a result, we significantly increased deferred revenue, which is rapidly approaching $1 billion. Our strong results and positive view of the macroeconomic environment led us to raise our outlook for billings, revenue, and subscription additions for fiscal 2015.”

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