Buy autocad 20083/17/2024 ![]() ![]() It is guiding 19% revenue growth for its fiscal year, nearly cracking $5 billion in revenue. It also maintained a revenue retention rate between 100% to 110%, displaying its stickiness. It generated $148 million in operating income and free cash flow of $186 million. With a 90% gross margin, Autodesk has plenty of room to make a profit. Recurring revenue makes up 98% of that total, making it a predictable business to manage. By doing this, Autodesk controls how much the price will increase each year, and customers are required to oblige.ĭuring the second quarter, Autodesk's revenue rose 16% to $1.1 billion. Now, Autodesk has switched to a subscription model, which is creating growth for the stalwart. The maker of industry staples like AutoCAD and Revit used to sell yearly editions of its software that engineers or architects could use forever. ![]()
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