Summary by Moomoo AI
Autodesk reported robust Q2 FY25 results, with revenue growing 12% YoY to $1.51 billion. GAAP operating margin improved to 23%, while non-GAAP operating margin reached 37%. The company raised its full-year guidance for billings, revenue, earnings per share, and free cash flow.Subscription revenue, comprising 97% of total revenue, increased 11% to $1.41 billion. Design revenue grew 9% to $1.26 billion, while Make revenue surged 25% to $162 million. The net revenue retention rate remained within the 100-110% range. Cash flow from operations was $212 million, with free cash flow of $203 million.CEO Andrew Anagnost attributed the strong performance to Autodesk's ability to capitalize on long-term growth trends in global reconstruction and infrastructure. The company's focused strategy on delivering connected solutions and operational efficiency is expected to drive sustainable shareholder value. Autodesk maintains a positive outlook despite ongoing macroeconomic and geopolitical challenges.
