Raising the mid-points of billings, revenue, margins, earnings per share, and free cash flow guidance ranges.
SAN FRANCISCO, CA, Nov 27, 2024 – Autodesk, Inc. reported financial results for the third quarter of fiscal 2025. This quarter’s revenue stood at $1,570M, 4.3% up compared to $1,505M of second quarter of fiscal 2025, with a profit of $275M.
“Autodesk is leading the industry in modernizing its go-to-market motion. These initiatives enable us to build larger and more durable direct relationships with our customers and to serve them more efficiently. We have already seen significant benefits from these optimization initiatives and there’s more to come in the next phase,” said Andrew Anagnost, Autodesk president and CEO. “We will continue to deploy capital to offset and buy forward dilution, a practice which has reduced our share count over the last three years, and have significantly extended the duration of our repurchase program by increasing our stock repurchase authorization. Our goal is to deliver sustainable shareholder value over many years.”
“We generated broad-based underlying growth across products and regions. Overall, macroeconomic, policy, and geopolitical challenges, and the underlying momentum of the business, were consistent with the last few quarters with continued strong renewal rates and headwinds to new business growth,” said Betsy Rafael, Autodesk interim CFO. “Given Autodesk’s sustained momentum in the third quarter, and smooth launch of the new transaction model in Western Europe, we are raising the midpoints of our billings, revenue, margins, earnings per share, and free cash flow guidance ranges.”
A complete chart of the financial results is available here.
For more information, visit autodesk.com.
