Autodesk (ADSK) 10-K Summary — Year Ended Jan 31, 2024
Autodesk reported higher revenue and positive operating income for the latest fiscal year. The company continues to emphasize its cloud subscription model and faces various macroeconomic risks.
Key takeaway
Year ended Jan 31, 2024 · FY2026 10-K
Autodesk reported higher revenue and positive operating income for the latest fiscal year. The company continues to emphasize its cloud subscription model and faces various macroeconomic risks.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$5.5B
Revenue reported for the fiscal year.
Operating income
$1.1B
Income from operations reported for the year.
Net income
$906M
Net income reported for the year.
Operating cash flow
$1.3B
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jan 31, 2022 | $4.4B | n/a |
| Jan 31, 2023 | $5B | +14.1% |
| Jan 31, 2024 | $5.5B | +9.8% |
Business overview
Autodesk offers cloud-based software products under a subscription business model. The company believes its investment in cloud and subscription services provides a strong foundation.
Financial performance
Revenue increased compared to the prior year, with operating income and net income both positive. Operating cash flow remained robust.
Material risks
The company cites material scarcity, supply chain disruption, inflation, higher interest rates, labor shortages, geopolitical tensions, and currency fluctuations as potential risks. The transition to annual billings for multi-year contracts may also affect the timing of cash collections.
Liquidity and capital
Autodesk maintains a strong balance sheet. The shift to annual billings for multi-year contracts is expected to alter the timing of billings and cash receipts.
What to watch
The impact of the transition to annual billings for multi-year contracts on cash flow timing should be monitored in the next filing.