Autodesk has reported a 12% rise in total revenue to $1.42bn for the first quarter of the 2025 fiscal year boosted by 3D AI and related infrastructure
Andrew Anagnost, Autodesk president and CEO, said the company is ahead of its peers in 3D AI development, along with the industry clouds, platforms and business models that will be needed to deliver 3D AI products at scale.
“We can already use generative AI to quickly generate functional 3D shapes from a variety of inputs including 2D images, text, voxels and point clouds,” he added.
“We are well on the way to reasoning about all CAD geometry.
“We intend to retain and extend this lead while also driving to an industry-leading ‘Rule of Forty’ ratio of 45 or more.”
First quarter financial highlights
Autodesk’s GAAP operating margin was 21%, up four percentage points.
Non-GAAP operating margin was 35%, up three percentage points.
GAAP diluted earnings per share (EPS) was $1.16; non-GAAP diluted EPS was $1.87.
Total revenue was $1.42bn, an increase of 12% as reported and 13% on a constant currency basis. Recurring revenue represents 97% of the total.
Design revenue was $1.2bn, up 10% as reported, and 12% on a constant currency basis. On a sequential basis, Design revenue decreased 2% as reported and 1% on a constant currency basis.
Make revenue was $145m, an increase of 20% as reported, and 21% on a constant currency basis.
Subscription plan revenue was $1.33bn, an increase of 11% as reported and 13% on a constant currency basis. On a sequential basis, subscription plan revenue decreased 1% as reported and on a constant currency basis.
GAAP operating income was $299m, compared to $217m in the first quarter last year. GAAP operating margin was 21%, up 4% points compared to the first quarter last year.
Total non-GAAP operating income was $490m, compared to $404m in the first quarter last year. Non-GAAP operating margin was 35%, up 3% points compared to the first quarter last year.
Cash flow from operating activities was $494m, a decrease of $229m compared to the first quarter last year. Free cash flow was $487m, a decrease of $227m compared to the first quarter last year.
The results come after Autodesk named Elizabeth Rafael as interim chief financial officer following an internal investigation into accounting practices.
