Autodesk (ADSK) Revenue — Quarter Ended Jul 31, 2023
Revenue increased compared to the prior quarter and the same quarter last year. The growth was driven by subscription revenue, which rose from both the preceding quarter and the year-ago period.
Key takeaway
Quarter ended Jul 31, 2023 · FY2024 Q2
Revenue increased compared to the prior quarter and the same quarter last year. The growth was driven by subscription revenue, which rose from both the preceding quarter and the year-ago period.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.3B
Revenue reported for this quarter.
Quarter-over-quarter
+6.0%
Change from the immediately preceding quarter.
Year-over-year
+8.7%
Change from the comparable year-ago quarter.
Trailing four quarters
$5.2B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Oct 31, 2022 | $1.3B | +13.7% |
| Jan 31, 2023 | $1.3B | +8.8% |
| Apr 30, 2023 | $1.3B | +8.5% |
| Jul 31, 2023 | $1.3B | +8.7% |
Revenue performance
Total net revenue rose compared to the immediately preceding quarter, reflecting higher subscription revenue. Maintenance revenue declined slightly from the prior quarter.
Quarterly comparison
Compared to the same quarter one year earlier, total net revenue was higher, with subscription revenue increasing and maintenance revenue decreasing. The year-over-year growth rate was stronger than the sequential growth rate.
What to watch
The transition to annual billings for multi-year contracts may affect the timing of billings and cash collections in future periods.