Unbilled deferred revenue was $843 million, an increase of $375 million compared to the second quarter of last year.
Non-GAAP operating margin was 31 percent, up 2 percentage points compared to the second quarter last year. Total non-GAAP operating income was $331 million, compared to $262 million in the second quarter last year.GAAP operating margin was 14 percent, down 2 percentage points. GAAP operating income was $148 million, compared to $146 million in the second quarter last year.Net revenue retention rate was within the range of 100 to 110 percent.On a sequential basis, maintenance plan revenue decreased 12 percent as reported, and 13 percent on a constant currency basis. Maintenance plan revenue was $17 million, a decrease of 67 percent as reported and on a constant currency basis.On a sequential basis, subscription plan revenue increased 7 percent as reported and on a constant currency basis. Subscription plan revenue was $1,017 million, an increase of 21 percent as reported, and 19 percent on a constant currency basis.On a sequential basis, Make revenue increased 10 percent as reported, and 9 percent on a constant currency basis. Make revenue was $90 million, an increase of 26 percent as reported, and 25 percent on a constant currency basis.On a sequential basis, Design revenue increased 7 percent as reported, and 6 percent on a constant currency basis. Design revenue was $944 million, an increase of 15 percent as reported, and 13 percent on a constant currency basis.Recurring revenue represents 98 percent of total. Total revenue was $1,060 million, an increase of 16 percent as reported, and 14 percent on a constant currency basis.Total billings increased 29 percent to $1,015 million."Our strong start to the year means we are raising our FY22 revenue and margin guidance and shifting more of our EBA customers from multi-year paid up front to annual billings, benefiting both our customers and Autodesk." "Robust growth in new product subscriptions, accelerating digital sales, and improving subscription renewal rates drove our strong second quarter results," said Debbie Clifford, Autodesk CFO. By helping our customers grow, we will grow too, giving us confidence in our FY 23 goals and beyond."
"And that is enabling us to create more value through end-to-end, cloud-based solutions that connect data and workflows, and power business model evolution.
#AUTODESK INC SOFTWARE#
"Sustained and purposeful innovation to enable digital transformation in the industries we serve is changing our relationship with our customers from software vendor to strategic partner," said Andrew Anagnost, Autodesk president and CEO.