Autodesk (ADSK) Revenue — Quarter Ended Oct 31, 2023
Revenue increased compared to the prior quarter and rose relative to the same quarter last year. The growth was supported by higher subscription revenue.
Key takeaway
Quarter ended Oct 31, 2023 · FY2024 Q3
Revenue increased compared to the prior quarter and rose relative to the same quarter last year. The growth was supported by higher subscription revenue.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.4B
Revenue reported for this quarter.
Quarter-over-quarter
+5.1%
Change from the immediately preceding quarter.
Year-over-year
+10.5%
Change from the comparable year-ago quarter.
Trailing four quarters
$5.3B
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 |
|---|---|---|
| Jan 31, 2023 | $1.3B | +8.8% |
| Apr 30, 2023 | $1.3B | +8.5% |
| Jul 31, 2023 | $1.3B | +8.7% |
| Oct 31, 2023 | $1.4B | +10.5% |
Revenue performance
Total net revenue rose from the immediately preceding quarter and was also higher than the same quarter one year earlier. Subscription revenue contributed the largest portion of total revenue.
Quarterly comparison
Compared with the prior quarter, revenue increased. Compared with the same quarter one year ago, revenue was also higher.
What to watch
The transition to annual billings for multi-year contracts may affect the timing of billings and cash collections.