Disclosure: I am long shares of Autodesk Autodesk met their high end of the topline guidance. While topline grew at High Single Digit (HSD) rate YoY, it was +12% FXN. Subscription revenue, which is ~92% of revenue, was +14% FXN. While Media &Entertainment (M&E) segment was down 10%, it won the largest ever EBA in 4Q last year which included significant upfront revenue. Excluding upfront revenue, M&E grew 4%.
Autodesk 4Q'FY23 Update
Autodesk 4Q'FY23 Update
Autodesk 4Q'FY23 Update
Disclosure: I am long shares of Autodesk Autodesk met their high end of the topline guidance. While topline grew at High Single Digit (HSD) rate YoY, it was +12% FXN. Subscription revenue, which is ~92% of revenue, was +14% FXN. While Media &Entertainment (M&E) segment was down 10%, it won the largest ever EBA in 4Q last year which included significant upfront revenue. Excluding upfront revenue, M&E grew 4%.