Autodesk revenue jumps 8% to $1.3 bn as customer signups grow

Autodesk, a leading design software maker, has posted an 8 percent increase in first-quarter revenue to $1.3 billion as customer signups rose.
Autodesk sales Q1 2023Autodesk has generated revenue of $ 553 million from Americas, $474 million from EMEA, and $242 million from the Asia Pacific.

Autodesk has generated revenue of $582 million from AEC (Architecture, Engineering and Construction) $349 million from AutoCAD, $246 million from MFG (Manufacturing) and $71 million from Media and Entertainment.

Autodesk, which supplies its popular AutoCAD software to construction, engineering and manufacturing companies, said its subscription plan sales surged 10 percent during the quarter to $1,193 million.

Recurring revenue represents 98 percent of total.

Design revenue was $1,086 million, an increase of 8 percent. Make revenue was $121 million, an increase of 17 percent.

Autodesk said total billings increased 4 percent to $1,172 million.

Its portfolio, which also includes software Revit and Fusion 360, caters to diverse end-market customers.

The San Francisco, California-based Autodesk forecast second-quarter revenue between $1.32 billion and $1.33 billion.

Autodesk now expects its annual per-share profit to be between $7.07 and $7.41, compared with $6.98 to $7.32 projected earlier.