Over the same period, Autodesk’s Make segment revenue increased by 23 percent to $94 million, while its billings jumped 16 percent between Q3 2021 and Q3 2022 to $1.2 billion, which according to Autodesk CFO Debbie Clifford reflected “robust underlying demand” for the firm’s offerings. Photo via Wikimedia Commons.Īutodesk reports its financials across calendar years, and breaks down its revenue under its Subscription and Maintenance Plan divisions, as well as into ‘Design’ and ‘Make.’ The company’s Design arm, which comprises revenue from its maintenance, product subscriptions, EBAs and AutoCAD sales, generated $994 million, up 17 percent on Q3 2021. “Our conversations with customers and channel partners reinforce our view.” Autodesk’s Californian HQ. “While demand is robust, we believe supply chain disruption and resulting inflationary pressures, a global labor shortage making it harder for our customers to stage new projects, and the ebb and flow of Covid are contributing to the deceleration, as well as documented country-specific disruption to AEC in China,” he said. However, he said that the firm’s rate of improvement decelerated in comparison to Q1 and Q2 2022, and fell short of what the company expected. Despite this, Autodesk is predicting “macroeconomic uncertainty” as it enters Q4 2022, and has reduced the mid-point of its billings and free cash flow guidance by $150 million and $100 million respectively, for full-year fiscal 2022.Īccording to CEO Andrew Anagnost, Autodesk’s Q3 2022 results were “strong” and were driven by one of the firm’s best-ever quarters for new subscriptions, as well as the launch of its Flex consumption model and developments to its Forge platform. 3D design software developer Autodesk (Nasdaq: ADSK) has reported revenue growth of 18 percent within its Q3 2022 financial results.Īutodesk’s revenue results, which are unorthodoxly published across financial years, reveal the firm brought in $1.13 billion over the course of Q3 2022, 18 percent more than the $952 million reported in Q3 2021.

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