hand brace Changsha City Kangbojia Medical Supplies Co., Ltd. , https://www.kbjmedical.com
Autodesk, Inc. (NASDAQ: ADSK) announced its financial results for the third quarter of fiscal 2015. The company reported strong growth in billings and revenue, driven by performance across multiple business segments and geographies.
**Key Highlights from Q3 FY15:**
- **Total Billings** increased by 25% year-over-year.
- **Revenue** reached $618 million, up 11% compared to the same period last year, with a 12% increase on a constant currency basis. Revenue contribution from Delcam was approximately $14 million.
- **Subscription Growth** added around 121,000 new subscriptions, including 25,000 from Delcam, marking the first quarter that Delcam's subscriptions were included.
- **GAAP Operating Margin** dropped to 2% from 12% in the previous year, while **Non-GAAP Operating Margin** improved to 13% from 22%.
- **GAAP Earnings Per Share (EPS)** were $0.05, down from $0.25 last year, but **Non-GAAP EPS** rose to $0.25 from $0.41.
- **Deferred Revenue** hit a record $1 billion, up 31% year-over-year.
- **Cash Flow from Operations** grew by 50%, reaching $136 million.
Carl Bass, President and CEO of Autodesk, stated, "Our strong billings and revenue growth reflects the continued success of our transition to a more recurring, subscription-based model. We are seeing significant momentum in our key markets, and we have raised our outlook for fiscal 2015 for the third time this year."
**Regional Performance:**
- **EMEA Revenue** grew 17% year-over-year, with 15% growth on a constant currency basis.
- **Americas Revenue** increased by 11% to $231 million.
- **APAC Revenue** rose 5% to $149 million, with 10% growth on a constant currency basis.
- **Emerging Markets** contributed $95 million, up 13% year-over-year.
**Segment Performance:**
- **AEC Segment** revenue climbed 17% to $217 million.
- **PSEB Segment** revenue increased 3% to $188 million.
- **Manufacturing Segment** revenue rose 20% to $170 million.
- **Media & Entertainment Segment** revenue decreased slightly by 3% to $43 million.
**Product Line Performance:**
- **Flagship Products** revenue increased by 5% to $288 million.
- **Suites** revenue rose 13% to $225 million.
- **New and Adjacent Products** revenue surged 29% to $105 million.
**Outlook for Q4 FY15 and Full Year FY15:**
Autodesk updated its guidance for the remainder of fiscal 2015, projecting:
- **Billings Growth**: 15–17%
- **Revenue Growth**: 9–10%
- **Net Subscription Additions**: 325,000–375,000
- **GAAP Operating Margin**: 4.5%–5%
- **Non-GAAP Operating Margin**: 15–15.5%
- **GAAP EPS**: $0.30–$0.33
- **Non-GAAP EPS**: $1.15–$1.18
The company also provided detailed financial statements, including condensed consolidated income statements, balance sheets, and cash flow statements. Additionally, a reconciliation between GAAP and non-GAAP measures is available to help investors better understand the company's financial performance.
Autodesk will host an earnings call today at 5:00 p.m. ET, which can be accessed via their investor relations website. A replay of the call will be available for 12 months.