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The Daily Earnings Reports Podcast is your go-to podcast for the latest corporate financial news. Every trading day, we dive deep into the earnings reports of publicly traded companies, breaking down key metrics, analyzing market reactions, and offering expert insights. Stay informed, make informed investment decisions, and gain a competitive edge in the dynamic world of finance.
Episodes
Tuesday Dec 03, 2024
Tuesday Dec 03, 2024
Key Highlights:
- Strong Revenue Growth: Total net revenue increased 11% to $1.57 billion for the quarter and 12% to $4.49 billion for the nine months ended October 31, 2024. This growth was primarily driven by subscription revenue.
- High Recurring Revenue: Recurring revenue represented 97% of total net revenue for both the three and nine months periods, reflecting the success of Autodesk's subscription model.
- Solid Net Revenue Retention Rate: The NR3, which measures year-over-year change in recurring revenue from existing customers, was within the range of 100% and 110%, indicating strong customer retention.
- Improved Profitability: Non-GAAP operating margin remained strong at 36% for both the three and nine months periods, demonstrating efficient cost management.
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