Autodesk, Inc.

Thank you for standing by, and welcome to Autodesk's fourth quarter and full-year fiscal 2023 results conference call. At this time, all participants are in a listen-only mode. After the speaker presentation, there will be a question and answer session. To ask a question during the session, you will need to press star 1-1 on your telephone. I would now like to hand the call over to Simon May Smith, Vice President, Investor Relations.

Please go ahead. Thanks, Operator, and good afternoon. Thank you for joining our conference call to discuss our fourth quarter and full year fiscal 23 results. On the line with me are Andrew Anagnost, our CEO, and Debbie Clifford, 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 online on our investor relations website following this call. During this call, we may make forward-looking statements about our outlook, future results and related assumptions, acquisitions, products and product capabilities, 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 filings, including our most recent forms 10Q and 10K, and the form 8K filed with today's press release 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 several numeric or growth changes as we discuss our financial performance. Unless otherwise noted, each such reference represents a year-on-year comparison. All non-GAAP numbers referenced in today's call are reconciled in our press release or Excel financials and other supplemental materials available on our investor relations website. And now I will turn the call over to Andrew.

Thank you, Simon, and welcome everyone to the call. Autodesk's strong financial and competitive performance in fiscal 2023, despite macroeconomic, policy, geopolitical, and pandemic headwinds, is a testament to three enduring strengths, resilience, opportunity, and discipline. While we fell short of the fiscal 23 goals we set in 2016, our resilient business model and geographic product and customer diversification enabled us to deliver strong growth and report record fourth quarter and full year revenue, gap and non-gap operating margin, and free cash flow. The sum of our revenue growth and free cash flow margin, a hallmark of the most valuable companies in the world, was 55% for the year. As we deliver next-generation technology and services to our customers, the transformation within and between the industries we serve will accelerate, generating significant new growth opportunities for auditors. We started seeing the shift towards connected digital workflows in the cloud in product design and manufacturing, then in architecture, followed by building engineering, and more recently, construction. And we are now seeing growing momentum with owners. For example, in Q4, our partner BLAM BIM Launch Alliance was selected by a consortium of 20 U.S. states led by the Iowa Department of Transportation to facilitate the migration from legacy 2D project delivery processes to data-rich BIM delivery processes, which are more efficient and sustainable. In anticipation of this, the departments of transportation involved are also completely reimagining product delivery and developing open standards for all infrastructure projects. Together, these 20 states encompass more than 60% of the U.S. population. Over time, we expect more states and more owners across the globe to connect more workflows in the cloud. Finally, our strategy is underpinned by discipline and focused capital deployment through the economic cycle. This enables auditors to remain sufficiently well-invested to realize significant benefits of its strategy while mitigating the risk of having to make expensive catch-up investments in the future. Of course, discipline and focus mean not only consistent investment, but also constant optimization to ensure investment levels remain proportionate and directed at our largest opportunities. For example, Autodesk BIM Collaborate Pro for Civil 3D, which enables much more efficient collaboration on civil infrastructure projects, saw further significant enhancements in Q4. To support our work with public sector owners in the United States, Autodesk for Government expects to achieve FedRAMP moderate authorizations soon. Meaning that, through our partnership with the General Services Administration, customers will be able to start using our industry-leading cloud collaboration and document management tools that meet key security standards for U.S. government projects. I'm also pleased to report that Innovize had a record quarter driven by adoption in a growing proportion of our enterprise accounts, which contributed over a million dollars in four deals. Infrastructure is but one part of an expanding opportunity for Autodesk. There are so many more, and we'll tell you about them at our Investor Day on March 22nd. But you can see some of the fruits of that opportunity already. We signed our largest ever EVA in the fourth quarter, encompassing more personas and connecting more workflows in the cloud to drive efficiency and sustainability. I will now turn the call over to Debbie to take you through our quarterly financial performance and guidance for the year. I'll then come back to provide an update on our strategic growth initiatives.