Investors: David Gennarelli, 415-507-6033
david.gennarelli@autodesk.com
        
Press:    Stacy Doyle, 971-238-5722
stacy.doyle@autodesk.com        


STRONG ANNUALIZED RECURRING REVENUE (ARR) GROWTH HIGHLIGHTS AUTODESK FOURTH QUARTER RESULTS
Subscription Plan Represents the Majority of ARR and Subscriptions ARR Growth to Accelerate in Fiscal 2019

SAN RAFAEL, Calif., MARCH 6, 2018-- Autodesk, Inc. (NASDAQ: ADSK) today reported financial results for the fourth quarter of fiscal 2018.

Fourth Quarter Fiscal 2018

Subscription plan ARR was $1.18 billion an increase of 106 percent compared to the fourth quarter last year as reported, and 105 percent on a constant currency basis.

Total ARR was $2.05 billion, an increase of 25 percent compared to the fourth quarter last year as reported, and on a constant currency basis.

Subscription plan subscriptions increased 371,000 from the third quarter of fiscal 2018 to 2.27 million at the end of the fourth quarter. Subscription plan subscriptions benefited from 168,000 maintenance subscribers that converted to product subscription under the maintenance-to-subscription program.

Total subscriptions increased 127,000 from the third quarter of fiscal 2018 to 3.72 million at the end of the fourth quarter.

Deferred revenue was $1.96 billion, an increase of 9 percent compared to the fourth quarter last year. Unbilled deferred revenue at the end of the fourth quarter of fiscal 2018 was $326 million. Total deferred revenue (deferred revenue plus unbilled deferred revenue) was $2.28 billion, an increase of approximately 25 percent compared to the fourth quarter last year.

Revenue was $554 million, an increase of 16 percent compared to the fourth quarter last year as reported, and on a constant currency basis.

Total GAAP spend (cost of revenue plus operating expenses) was $736 million, an increase of 14 percent compared to the fourth quarter last year.

Total non-GAAP spend was $571 million, an increase of 2 percent compared to the fourth quarter last year. A reconciliation of GAAP to non-GAAP results is provided in the accompanying tables.

GAAP diluted net loss per share was $(0.79), compared to GAAP diluted net loss per share of $(0.78) in the fourth quarter last year.


1

The following information was filed by Autodesk Inc (ADSK) on Tuesday, March 6, 2018 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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