WGIC member Autodesk, Inc. reported financial results for the first quarter of fiscal 2022.
AutoCAD and AutoCAD LT, Manufacturing (“MFG”), and Media and Entertainment (“M&E”).
The first quarter fiscal 2022 Financial Highlights are: Total revenue increased 12 percent to $989 million; GAAP (Generally accepted accounting principles) operating margin was 14 percent, down 1 percentage point; Non-GAAP operating margin remained flat at 28 percent; GAAP diluted EPS was $0.70; Non-GAAP diluted EPS was $1.03; Cash flow from operating activities was $336 million; free cash flow was $316 million. “An acceleration in new business, solid execution, and a resilient subscription business model delivered a strong start to the new fiscal year,” said Andrew Anagnost, Autodesk president and CEO. “As the world rebuilds after the pandemic, Autodesk’s purpose – a better world designed and made for all – has never been more important, and underpins our confidence this year and well into the future.”
“Momentum in our end markets and customer adoption of cloud services is building,” said Debbie Clifford, Autodesk CFO. “We are raising our FY22 revenue guidance to reflect a partial year contribution from acquisitions and remain on track to achieve our FY23 financial goals.”