Summary by Moomoo AI
Autodesk reported Q3 FY2025 revenue of $1.57 billion, up 11% year-over-year, with subscription revenue growing 11% to $1.46 billion. Net income rose to $275 million from $241 million last year. The company maintained a net revenue retention rate between 100-110% on a constant currency basis.Autodesk's cash flow from operations increased to $915 million for the first nine months, up from $876 million in the prior year period. The company repurchased 1.7 million shares for $443 million during the nine months. Autodesk ended the quarter with $1.98 billion in cash and marketable securities.Looking ahead, Autodesk expects its transition to annual billings for multi-year contracts to impact the timing of billings and cash collections. The company believes its subscription model and strong balance sheet position it well to navigate global economic challenges. Autodesk remains focused on its strategic priorities of building its design and make platform, accelerating adoption of key products, and transforming customer experience.
