Autodesk Non-GAAP EPS of $1.91 beats by $0.18, revenue of $1.35B beats by $30M
Autodesk press release (NASDAQ:ADSK): Q2 Non-GAAP EPS of $1.91  beats by $0.18.
Revenue of $1.35B (+8.9% Y/Y)  beats by $30M.
Non-GAAP operating margin was flat at 36 percent.
Total billings decreased 8 percent to $1,095 million.
Deferred revenue increased 14 percent to $4.23 billion. Unbilled deferred revenue was $991 million, an increase of $7 million compared to the second quarter of last year. Remaining performance obligations ("RPO") increased 11 percent to $5.22 billion. Current RPO increased 12 percent to $3.51 billion.

Cash flow from operating activities was $135 million, a decrease of $122 million compared to the second quarter last year. Free cash flow was $128 million, a decrease of $118 million compared to the second quarter last year.

Q3 Outlook: Revenue $1,380 - $1,395M; EPS non-GAAP $1.97 - $2.03.

2024 Outlook: Billings $5,075 - $5,175M, Down 12% - 11%; Revenue $5,405 - $5,455M, Up 8% - 9%; Non-GAAP operating margin Approx. flat year over year; EPS non-GAAP $7.30 - $7.49.
Shares +7.65%.


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