Autodesk, Inc. stock research
FY2025 Q1
Autodesk (ADSK) Gross Margin — Quarter Ended Apr 30, 2024
Revenue decreased from the previous quarter, while gross profit held steady and cost of revenue increased slightly. Gross margin declined modestly compared with the prior quarter and improved slightly compared with the same quarter last year.
Gross margin takeaway
Quarter ended Apr 30, 2024 · FY2025 Q1
Revenue decreased from the previous quarter, while gross profit held steady and cost of revenue increased slightly. Gross margin declined modestly compared with the prior quarter and improved slightly compared with the same quarter last year.
- Gross profit remained almost unchanged despite lower revenue, as cost of revenue rose only slightly. This kept the gross margin in a narrow range near its year-ago level.
- Compared with the preceding quarter, revenue was lower and cost of revenue was higher, resulting in a slightly weakened gross margin. Versus the same quarter one year ago, both revenue and gross profit were higher, and gross margin improved modestly.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
90.3%
Gross profit
$1.3B
Revenue
$1.4B
Cost of revenue
$137.0M
Quarter-over-quarter change
-0.8 pts
Year-over-year change
+0.3 pts
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Jul 31, 2023 | $1.3B | $1.2B | $127.0M | 90.6% |
| Oct 31, 2023 | $1.4B | $1.3B | $127.0M | 91.0% |
| Jan 31, 2024 | $1.5B | $1.3B | $130.0M | 91.2% |
| Apr 30, 2024 | $1.4B | $1.3B | $137.0M | 90.3% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Jan 31, 2024
-0.8 pts
Year-over-year change
Apr 30, 2023
+0.3 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
Gross profit remained almost unchanged despite lower revenue, as cost of revenue rose only slightly. This kept the gross margin in a narrow range near its year-ago level.
Compared with the preceding quarter, revenue was lower and cost of revenue was higher, resulting in a slightly weakened gross margin. Versus the same quarter one year ago, both revenue and gross profit were higher, and gross margin improved modestly.
Monitor cost of revenue trends, as it increased sequentially while revenue declined, affecting gross margin.