Investors: Abhey Lamba, 415-547-3502
abhey.lamba@autodesk.com
        
Press:    Stacy Doyle, 503-330-6115
stacy.doyle@autodesk.com        


ANNUALIZED RECURRING REVENUE (ARR) GROWTH ACCELERATION
HIGHLIGHTS AUTODESK'S THIRD QUARTER RESULTS

SAN RAFAEL, Calif., NOVEMBER 20, 2018-- Autodesk, Inc. (NASDAQ: ADSK) today reported financial results for the third quarter of fiscal 2019 and announced the signing of a definitive agreement to acquire PlanGrid, a leading provider of construction productivity software.

Third Quarter Fiscal 2019

Total ARR was $2.53 billion, an increase of 33 percent compared to the third quarter last year as reported, and 31 percent on a constant currency basis. Under the prior revenue accounting standard, ASC 605, total ARR was $2.49 billion, an increase of 31 percent compared to the third quarter last year.

Subscription plan ARR was $1.93 billion, an increase of 108 percent compared to the third quarter last year as reported, and 105 percent on a constant currency basis. Under ASC 605, subscription plan ARR was $1.89 billion, an increase of 105 percent compared to the third quarter last year.

Total subscriptions increased 143,000 from the second quarter of fiscal 2019 to 4.08 million at the end of the third quarter.

Subscription plan subscriptions increased 252,000 from the second quarter of fiscal 2019 to 3.12 million at the end of the third quarter. Subscription plan subscriptions benefited from 71,000 maintenance subscribers that converted to product subscription under the maintenance-to-subscription (M2S) program.

Deferred revenue was $1.79 billion, an increase of 2 percent compared to the third quarter last year. Total deferred revenue (deferred revenue plus unbilled deferred revenue) was $2.24 billion, an increase of approximately 17 percent compared to the third quarter last year. Under ASC 605, total deferred revenue was $2.32 billion, an increase of approximately 21 percent compared to the third quarter last year.

Revenue was $661 million, an increase of 28 percent compared to the third quarter last year as reported, and 27 percent on a constant currency basis. Under ASC 605, revenue was $651 million, an increase of 26 percent compared to the third quarter last year.

Billings were $654 million, an increase of 30 percent compared to the third quarter last year. Under ASC 605, billings were $661 million, an increase of 31 percent compared to the third quarter last year.


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The following information was filed by Autodesk Inc (ADSK) on Tuesday, November 20, 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-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.
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