Susan Smith has worked as an editor and writer in the technology industry for over 16 years. As an editor she has been responsible for the launch of a number of technology trade publications, both in print and online. Currently, Susan is the Editor of GISCafe and AECCafe, as well as those sites’ … More »
Autodesk’s first quarter results look strong
May 16th, 2014 by Susan Smith
Autodesk reported financial results for the first quarter of fiscal 2015 on Thursday, May 15.
From the press release, here are the following primary results:
First Quarter Fiscal 2015
• Total billings increased 10 percent, compared to the first quarter of fiscal 2014.
• Total subscriptions increased by over 89,000, compared to the fourth quarter of fiscal 2014.
• Revenue was $593 million, an increase of 4 percent, compared to the first quarter of fiscal 2014 as
reported, and increased 5 percent on a constant currency basis. Revenue contribution from the recent
acquisition of Delcam was immaterial to first quarter results.
• GAAP operating margin was 7 percent, compared to 14 percent in the first quarter of fiscal 2014.
• Non-GAAP operating margin was 17 percent, compared with 24 percent in the first quarter of fiscal
2014. A reconciliation of GAAP to non-GAAP results is provided in the accompanying tables.
• GAAP diluted earnings per share were $0.12, compared to $0.24 in the first quarter of fiscal 2014.
• Non-GAAP diluted earnings per share were $0.32, compared to $0.42 in the first quarter of fiscal 2014.
• Deferred revenue increased 13 percent to a record $964 million, compared to the first quarter of fiscal
• Cash flow from operating activities was $219 million, compared to $224 million in the first quarter of
The full press release, complete with predictions and webcast presentations can be found here.
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