Autodesk says fiscal Q2 revenue growth is driven by AECO strength, led by construction and emerging markets
ADSK•Full-year guidance increased
Full-year guidance increased to billings of $8.58 billion-$8.65 billion, revenue of $8.3 billion-$8.35 billion, including MaintainX contributions in the second half.
Fiscal Q2 growth and operating performance
Autodesk reported fiscal Q2 revenue growth of 16%, citing strength in AECO, led by construction demand and emerging markets.
Sales reorganization effects tracked expectations; the Americas, APAC, Eastern Europe, and the Middle East normalized earlier than Western Europe.
Billings rose 10%; renewal rates stayed strong; reduced multi-year discounting supported price realization but weighed on deferred revenue and RPO growth.
GAAP operating margin reached 29%, non-GAAP 41%; improvements reflected operating leverage, sales optimization, and lower stock-based compensation intensity.
