Autodesk's First Quarter Results Led By Strong Annualized Recurring Revenue (ARR) Growth
September 24 23:11:07, 2025
SAN RAFAEL, Calif., May 24, 2018 /PRNewswire/ — Autodesk, Inc. (NASDAQ: ADSK) has released its financial results for the first quarter of fiscal 2019. The company has adopted two new accounting standards, ASC 606 and ASC 340-40, which have impacted the way revenue and sales commissions are reported. Despite these changes, the timing and amount of revenue recognized for most maintenance and subscription offerings remain unchanged. However, sales commissions are now capitalized and amortized under the new standards.
Key highlights from the first quarter include:
- Subscription plan Annual Recurring Revenue (ARR) reached $1.40 billion, reflecting a 103% increase compared to the same period last year.
- Total ARR was $2.13 billion, showing a 22% growth from the previous year.
- Subscription plan subscriptions increased by 307,000 to 2.57 million at the end of the first quarter.
- Deferred revenue remained flat at $1.81 billion compared to the previous year.
- Revenue grew by 15% to $560 million, while billings decreased by 18% due to the initial impact of the new accounting standard.
- GAAP diluted net loss per share was $(0.38), a significant improvement from $(0.59) in the previous year.
Autodesk's CEO, Andrew Anagnost, emphasized that the company is in a growth phase following its business model transition. The focus on driving growth in ARR has yielded strong results, with over half a million maintenance subscriptions converting to product subscriptions in less than a year. This trend is expected to continue, further boosting ARR.
The CFO, Scott Herren, noted that the company achieved strong growth in ARR, billings, and ARPS, along with a return to non-GAAP profitability. Autodesk remains confident in meeting its annual targets and long-term goals set during the recent investor day.
Looking ahead, Autodesk has provided guidance for the second quarter and full fiscal year 2019. The company expects continued growth in key metrics such as billings, revenue, and ARR, while managing expenses effectively. The outlook assumes a stable economic environment and foreign exchange rates.
In addition to the financial figures, Autodesk has also shared details about its operational performance, including regional revenue growth across the Americas, EMEA, and APAC. The company's commitment to innovation and customer satisfaction continues to drive its success.
For more information, investors can access the detailed financial reports and additional resources on Autodesk's official website. The company also plans to host an earnings conference call to discuss the results further.
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