Autodesk (ADSK) Revenue — Quarter Ended Apr 30, 2024
Revenue for the quarter declined from the prior quarter but rose compared to the same quarter last year. The sequential decrease reflects a typical seasonal pattern, while the year-over-year gain indicates continued growth in subscription and other revenue streams.
Key takeaway
Quarter ended Apr 30, 2024 · FY2025 Q1
Revenue for the quarter declined from the prior quarter but rose compared to the same quarter last year. The sequential decrease reflects a typical seasonal pattern, while the year-over-year gain indicates continued growth in subscription and other revenue streams.
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
-3.5%
Change from the immediately preceding quarter.
Year-over-year
+11.7%
Change from the comparable year-ago quarter.
Trailing four quarters
$5.6B
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 |
|---|---|---|
| Jul 31, 2023 | $1.3B | +8.7% |
| Oct 31, 2023 | $1.4B | +10.5% |
| Jan 31, 2024 | $1.5B | +11.5% |
| Apr 30, 2024 | $1.4B | +11.7% |
Revenue performance
Total net revenue decreased from the immediately preceding quarter, driven by lower subscription and other revenue. However, compared to the same quarter one year earlier, total net revenue increased, supported by higher subscription and other revenue.
Quarterly comparison
Revenue in the current quarter was lower than the prior quarter, which had shown a sequential increase. Compared to the same quarter a year ago, revenue was higher, continuing the trend of year-over-year growth seen in recent quarters.
What to watch
The transition to annual billings for multi-year contracts may affect the timing of billings and cash collections in future periods.