Record-Breaking Revenue and Growth
Total revenue in the third quarter grew 18% as reported and in constant currency, with revenues of $7.15 billion to $7.165 billion projected for the full fiscal year. Billings increased 21% as reported, showcasing strong financial performance.
Strong Performance in AECO Segment
The AECO (Architecture, Engineering, Construction, and Operations) segment showed strength, driven by sustained investment in data centers, infrastructure, and industrial buildings.
Successful Transition to New Transaction Model
The new transaction model contributed approximately $124 million to revenue and $135 million to billings in Q3. The transition is on track, with operational friction easing.
AI and Cloud Innovations
Autodesk is integrating AI and cloud-based capabilities to enhance products and workflows, with AI innovations like sketch auto constraint in Fusion showing high adoption rates.
Increased Free Cash Flow Guidance
Free cash flow guidance was raised to between $2.26 billion and $2.29 billion, reflecting strong financial health.