**Autodesk Reports Strong Q4 and Fiscal 2024 Results** SAN FRANCISCO, Feb. 29, 2024 /PRNewswire/ — Autodesk, Inc. (NASDAQ: ADSK) announced today its financial results for the fourth quarter and full year of fiscal 2024. The company demonstrated resilience amid a challenging macroeconomic environment, with strong growth across key financial metrics. The fourth quarter marked a solid performance with total revenue growing 11 percent year-over-year to $1.47 billion. At constant currency, revenue increased by 14 percent. Recurring revenue accounted for 98 percent of the total, reflecting the strength of Autodesk's subscription model. Current remaining performance obligations (RPO) rose 13 percent to $4.0 billion, signaling sustained demand for Autodesk's innovative offerings. The company also reported strong cash flows, with operating cash flow reaching $437 million and free cash flow at $427 million. Andrew Anagnost, President and CEO of Autodesk, highlighted the company's commitment to driving innovation: "We’re making strides in developing lifecycle solutions powered by shared platform services, with Autodesk’s Data Model at the core. These efforts will enable us to deliver more valuable, data-driven, and connected products and services to our customers." Debbie Clifford, Autodesk's CFO, echoed this sentiment, stating: "Despite the challenges, we remain resilient. Adjusting for noise like new transaction models and acquisitions, we expect underlying revenue to grow more than 10 percent in fiscal 2025." **Key Fourth Quarter Highlights** - **Revenue:** Total revenue of $1.47 billion, representing an 11 percent increase year-over-year. - **Operating Margins:** GAAP operating margin remained steady at 21 percent, while non-GAAP operating margin stayed consistent at 36 percent. - **EPS:** GAAP diluted earnings per share (EPS) were $1.31, and non-GAAP diluted EPS reached $2.09. - **Cash Flow:** Operating cash flow was $437 million, with free cash flow totaling $427 million. **Fiscal 2024 Overview** For the full fiscal year, Autodesk delivered impressive results: - **Revenue:** Total revenue increased 10 percent year-over-year to $5.50 billion. - **Operating Income:** GAAP operating income was $1.13 billion, up from $989 million in the previous year. - **Subscriptions:** Total subscriptions grew by approximately 785,000 from the end of fiscal 2023 to 7.53 million at year-end. Looking ahead, Autodesk provided a confident outlook for fiscal 2025: - **Revenue Guidance:** Revenue guidance ranges between $5,990 million and $6,090 million, representing a 9-11 percent increase. - **EPS Guidance:** Non-GAAP EPS is expected to fall between $7.89 and $8.11. - **Billings:** Billings are projected to grow by 12-15 percent year-over-year. Autodesk remains steadfast in its mission to empower innovation across industries. As Andrew Anagnost concluded: "With generative design and AI capabilities leading the charge, we’re poised to redefine what’s possible in the digital age." To learn more about Autodesk's financial performance and future outlook, visit [Autodesk Investor Relations](https://www.autodesk.com/investor). --- *Note: All figures are in millions, except percentages. For a detailed reconciliation of GAAP to non-GAAP results, refer to the accompanying tables.*

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