SAN FRANCISCO, CA, May 26, 2023 – Autodesk, Inc. reported financial results for the first quarter of fiscal 2024. This quarter’s revenue stood at $1,269M, 3.7% down compared to $1,318M of fourth quarter of fiscal 2023, with a profit of $161M.

“We are deploying next-generation technology and services and end-to-end digital transformation within and between the industries we serve and shifting Autodesk from products to capabilities,” said Andrew Anagnost, Autodesk president and CEO. “Autodesk remains relentlessly curious with a propensity and desire to evolve and innovate. Our transformation from products to capabilities will enable us to forge broader, trusted and more durable partnerships with more customers.”

“Autodesk started the year strongly with rising renewal rates, robust free cash flow generation, and revenue toward the top end of our guidance range when adjusted for upfront revenue co-termed to later in the year,” said Debbie Clifford, CFO of Autodesk. “With normal seasonality, peak second quarter currency and Russia headwinds, and a strong second-half pipeline of enterprise agreements last renewed three years ago in the immediate aftermath of the onset of the pandemic, we remain on track to achieve our full-year financial goals.”

A complete chart of the financial results is available here.

About Autodesk

Autodesk is changing how the world is designed and made. Their technology spans architecture, engineering, construction, product design, manufacturing, media and entertainment, empowering innovators everywhere to solve challenges big and small. From greener buildings to smarter products to more mesmerizing blockbusters, Autodesk software helps their customers to design and make a better world for all.

For more information, visit autodesk.com.