Summary by Moomoo AI
Autodesk delivered strong Q3 fiscal 2025 results with total revenue increasing 11% to $1.57 billion. GAAP operating margin was 22%, while non-GAAP operating margin reached 36%. GAAP diluted EPS was $1.27 and non-GAAP diluted EPS was $2.17. The company maintained robust recurring revenue at 97% of total revenue, with subscription plan revenue growing 11% to $1.46 billion.The company announced the appointment of Janesh Moorjani as Chief Financial Officer, effective December 16, 2024. Moorjani, who previously served as CFO and COO at Elastic NV, will receive an annual base salary of $650,000 with a 90% target bonus, along with significant equity compensation including RSUs valued at $10.25 million and PSUs worth $14.75 million.Given sustained momentum in Q3 and successful launch of the new transaction model in Western Europe, Autodesk raised the midpoints of its fiscal 2025 guidance ranges for billings, revenue, margins, earnings per share, and free cash flow. The company projects Q4 revenue between $1.623-1.638 billion and full-year revenue growth of approximately 11%.
