Autodesk, Inc.

Ladies and gentlemen, thank you for standing by, and welcome to the Q3 Fiscal Year 2021 Autodesk Earnings Conference Call. At this time, all participant 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 the 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, Simon May Smith, Vice President of Investor Relations. Thank you. 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 year 21. 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 forward slash investor. You can find the earnings press release, slide presentation, and transcript of today's opening commentary on our investor relations website following this call. During the course of this call, we may make forward-looking statements about our outlook, future results, and related assumptions and strategies. These statements reflect our best judgment based on currently known factors. Actual events or results could differ materially. Please refer to our SEC findings for important risks and other factors, including developments in the COVID-19 pandemic and the resulting impact on our business and operations 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 the slide presentation on our investor relations website. And now, I will turn the call over to Andrew.

Thank you, Simon, and welcome everyone to the call. First off, I hope you and your families are remaining safe and healthy. And before jumping into our third quarter results, I would like to thank again our employees and the families and communities that support them, as well as our partners and customers for their sustained commitment during uncertain times. That commitment was reflected in our execution and demonstrated the resilience of our business model this past quarter. Together, they enabled us to deliver strong Q3 results with billings, revenue, earnings, and free cash flow coming in above expectations, despite the volatile macroeconomic conditions resulting from the pandemic. I'm pleased to see the acceleration of our SaaS business model, the secular shift to cloud underpinning it, and the competitive opportunities it brings. We have many miles of opportunity ahead of us. Our enterprise customers are undertaking their own digital transformation, and by enabling that transformation, we are becoming a strategic partner rather than a software vendor. These strategic partnerships are broader than in the past, with our customers expanding their Autodesk product portfolios. Our third quarter results reflect this trend, as our enterprise deal activity with large customers accelerated. We closed some of the largest transactions in the company's history, including a nine-digit deal. I am proud of our team's execution, which positions us well entering the fourth quarter with a strong pipeline of deals. In the third quarter, we also saw the ebb and flow of the economic impact of the pandemic. As you know, our transition to the cloud means we are able to monitor the usage patterns of our products across the globe and see the positive correlation between increasing usage levels and new business growth in those regions. China, Korea, Japan, and most of Europe saw usage levels rise above pre-COVID levels. While usage trends in the U.S. and U.K. have not yet returned to pre-COVID levels, they have stabilized in the U.S. and grown sequentially in the U.K. In line with the usage trends, our new business remains impacted by the pandemic, but the diversity of our revenue stream and customer base is helping us deliver strong results. Now, as you know, Scott has decided to take on the next challenge in his career by accepting the CFO role at Cisco starting mid-December. Scott has played a huge role in driving the business over the last six years, helping Autodesk successfully navigate the business model transition. We are sad to see him leave, but we are also excited for him. Thank you, Scott, for your many contributions to Autodesk, and I wish you continued success in the next chapter of your career. Scott is leaving behind a strong team to ensure smooth operations while we look for his replacement. We have started the search process, and it is my top priority in the near term. Now I'd like to turn it over to Scott to take you through the details of our quarterly performance and guidance for the year. I'll then come back to provide insights into our strategic growth drivers.