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28 Aug 2020

Autodesk, Inc. Announces Fiscal 2021 Second Quarter Results


End of July, Q2 numbers are:

  • Total revenue increased 15 percent to $913.1 million;
  • EMEA revenue is $354.7 million, an increase of 12 percent compared to FY20 Q2 (16 percent on a constant currency change)

Key excerpts from Q2 earnings call with analysts:

  • “The resiliency of our business model and solid execution helped us deliver strong Q2 results with revenue, earnings and free cash flow above expectations, even as we continue to operate in uncertain times.” Andrew
  • “Usage of BIM 360 Design, our cloud collaboration tool, has accelerated with the adoption by Revit users almost doubling in the past year. We also continued to gain momentum in manufacturing of Fusion 360. We had the best quarter ever for subscription net additions with more than 10,000 in the quarter. The value of the cloud is becoming more and more apparent and cloud-based solutions are becoming a necessity.” Andrew
  • [About Education] “Education has done really well for us during the pandemic in terms of. […] But it's rebounded back to usage levels that we had in pre-COVID days, which is a positive sign. And we're seeing gains in educational usage in places where the cloud is a priority for the usage paradigm.” Andrew
Earnings transcript is available here.

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