As noted in the fourth quarter, Autodesk’s transition from upfront to annual billings for multiyear contracts will affect billings growth for fiscal 2024. ![]() However, Autodesk saw improved renewal rates. Business momentum was similar to the fourth quarter, with slight deceleration in new subscriber growth and current remaining performance obligation growth the same as last quarter coming in at 12%. ![]() ![]() Continued foreign exchange headwinds coupled with contract renewal timing suppressed revenue slightly, and management expects revenue to accelerate as the year progresses. Wide-moat Autodesk reported fiscal 2024 first-quarter results that were largely in line with our expectations.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |