Net revenue retention rate remained within the range of 100 to 110 percent.On a sequential basis, subscription plan revenue increased 7 percent as reported and on a constant currency basis. Subscription plan revenue was $1,160 million, an increase of 16 percent as reported and 17 percent on a constant currency basis.
On a sequential basis, Make revenue increased 10 percent as reported and on a constant currency basis. Make revenue was $113 million, an increase of 26 percent as reported, and 27 percent on a constant currency basis.On a sequential basis, Design revenue increased 6 percent as reported and on a constant currency basis. Design revenue was $1,064 million, an increase of 15 percent as reported and on a constant currency basis.Recurring revenue represents 98 percent of total. Total revenue was $1,237 million, an increase of 17 percent as reported and on a constant currency basis.Total billings increased 17 percent to $1,191 million.We remain well on track to achieve our fiscal 23 goals." "With the underlying momentum of the business offsetting incremental foreign exchange headwinds, our guidance is unchanged at the mid-point across all metrics. "Demand remained robust, our competitive performance strong, and subscription business resilient during the second quarter," said Debbie Clifford, Autodesk CFO. "By accelerating the convergence of workflows within and between the industries we serve, we are propelling the digital transformation of our customers and creating broader and deeper partnerships with them." "We are moving from products to platforms and capabilities, and bringing those capabilities to any device, anywhere, through the cloud," said Andrew Anagnost, Autodesk president and CEO. Cash flow from operating activities was $257 million free cash flow was $246 million.GAAP diluted EPS was $0.85 Non-GAAP diluted EPS was $1.65.Non-GAAP operating margin was 36 percent, up 5 percentage points.GAAP operating margin was 20 percent, up 6 percentage points.Total revenue increased 17 percent to $1,237 million.Second Quarter Fiscal 2023 Financial Highlights
For definitions, please view the Glossary of Terms later in this document. A reconciliation of GAAP to non-GAAP results is provided in the accompanying tables.
(NASDAQ: ADSK) today reported financial results for the second quarter of fiscal 2023.Īll growth rates are compared to the second quarter of fiscal 2022, unless otherwise noted. Second quarter GAAP and non-GAAP operating margin expanded by 6 and 5 percentage points, respectively Second quarter revenue and billings both grew 17 percent year-over-year
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