Autodesk, Inc.

Ladies and gentlemen, thank you for standing by, and welcome to the Autodesk third quarter fiscal year 2020 earnings conference call. At this time, all participants' lines are in a listen-only mode. After the speaker's presentation, there will be a question-and-answer session. To ask a question during that session, you will need to press star 1 on your telephone. Please be advised that today's conference is being recorded. If you require any further assistance, please press star 0. I would now like to hand the conference over to your speaker today, Mr. Abhay Nwamba, Vice President of Industrial Relations. Please go ahead, sir.

Thanks, operator, and good afternoon. Thank you for joining our conference call to discuss the results of our third quarter of fiscal 20. On the line is Andrew Anagnost, our CEO, and Scott Herron, our CFO. Today's conference call is being broadcast live via webcast. In addition, a replay of the call will be available at autodesk.com slash investor. You can also find our earnings press release and a slide presentation on our investor relations website. We will also post a transcript of today's opening commentary on our website following this call. During the course of this conference call, we may make forward-looking statements about our outlook, future results, and strategies. These statements reflect our best judgment based on factors currently known to us. Actual events or results could differ materially. Please refer to our SEC filings for important risks and other factors that may cause our actual results to differ from those in our forward-looking statements. Forward-looking statements made during the call are being made as of today. If this call is replayed or reviewed after today, the information presented during the call may not contain current or accurate information. Autodesk disclaims any obligation to update or revise any forward-looking statements. During the call, we will quote a number of numerical growth changes as we discuss our financial performance, and unless otherwise noted, each such reference represents a year-on-year comparison. All non-GAAP numbers referenced in today's call are reconciled in the press release or slide presentation on our Investor Relations website. And now, I would like to turn the call over to Andrew. Thanks, Abhay.

Building on our strong performance in Q2, we delivered another quarter of solid execution and results, with revenue, billings, ARR, earnings, and free cash flow coming in ahead of expectations. For the first time, we delivered over $1 billion in quarterly billings outside of a fourth quarter, and our last 12 months' free cash flow came in at nearly $1 billion, breaking yet another company record. Broad-based strength across our entire product portfolio and all geographic regions drove these results. We have strong momentum in construction, are gaining share in manufacturing, and we continue to make strides in converting the non-paying user base. Before we dig into details from the quarter, I want to recognize the hard work put in by the entire Autodesk team. especially our colleagues in the Bay Area, who ensured that our business did not experience any disruptions despite our San Rafael office and many employees' homes being without power due to wildfires in the final days of the quarter. Our business continuity planning was flawless, and the entire team went the extra mile to ensure that we did not miss a beat under very difficult circumstances. Now let me turn it over to Scott to give you more details on our third quarter results as well as details of our fiscal 20 guidance. I'll then return with insights on key drivers of our business and provide an update on the progress of our strategic initiatives before we open it up for Q&A.