The lower operating expenses reflected disciplined cost management in the reported quarter. Non-GAAP operating expenses, as a percentage of revenues, contracted 100 bps from the year-ago quarter to 62.5%. Research & development and marketing & sales expenses as a percentage of revenues declined 40 bps and 160 bps, respectively while and general & administrative expenses expanded 100 bps year over year. Non-GAAP gross margin expanded 50 basis points (bps) from the year-ago quarter to 92.8%. Partial renewal rates remained relatively steady as well. M&E (5.7% of revenues) increased 13.8% to $59.5 million while other revenues (0.7% of revenues) increased 20.6% to $7.6 million.Īutodesk witnessed steady renewal rates during the reported quarter. MFG (22.7% of revenues) revenues increased 17% to $236.1 million.

AutoCAD and AutoCAD LT (27.6% of revenues) revenues rose 10.9% to $286.5 million. Story continues Product-wise Top-line DetailsĪutodesk offers primarily four product families, Architecture, Engineering and Construction (AEC), AutoCAD and AutoCAD LT, Manufacturing (MFG), and Media and Entertainment (M&E).ĪEC (43.3% of revenues) revenues increased 18.1% year over year to $449.5 million. Meanwhile, billings of $1.47 billion decreased 1% year over year in the reported quarter.

Revenues from Asia-Pacific (20.7% of revenues) grew 23.3% to $214.6 million. Europe, Middle East and Africa (EMEA) revenues (39.3% of revenues) increased 13.4% to $408.8 million. Geographically, revenues from the Americas (40% of revenues) increased 14% from the year-ago quarter to $415.8 million. Net revenue retention rate was within 100% to 110%. Recurring revenues represented 94% of Autodesk’s fourth-quarter fiscal 2021 revenues. However, maintenance revenues (2.9% of revenues) slumped 62.2% to $30.2 million. Moreover, other revenues (5.6% of revenues) increased 39.8% to $58.7 million in the reported quarter. Subscription revenues (91.4% of revenues) increased 22.2% year over year to $950.3 million. The company witnessed increased usage of its cloud collaboration products due to the remote working wave throughout the quarter. The growth was driven by higher subscription revenues.Īutodesk benefited from the ongoing transition to cloud. At constant currency (cc), revenues were up 17%. Revenues of $1.03 billion beat the consensus mark by 3.1% and grew 15.6% year over year. Moreover, the earnings figure increased 28.3% year over year driven by growth in subscription plan revenues, led by product subscription revenues. Autodesk reported fourth-quarter fiscal 2021 non-GAAP earnings of $1.18 per share that beat the Zacks Consensus Estimate by 10.3%.

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