8/23/2023

speaker
Operator
Conference Call Operator

Thank you for standing by, and welcome to Autodesk's second quarter 2024 earnings 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. To remove yourself from the question queue, you may press star 1-1 again. I would now like to hand the call over to Simon May-Smith, Vice President, Investor Relations. Please go ahead.

speaker
Simon May-Smith
Vice President, Investor Relations

Thanks, operator, and good afternoon. Thank you for joining our conference call to discuss the second quarter results of Autodesk's fiscal 24. On the line with me are Andrew Adignost, 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 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, products and product capabilities, business models 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 Form 10-Q, 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.

speaker
Andrew Adignost
CEO

Thank you, Simon, and welcome everyone to the call. Discipline and opportunity again underpinned Autodesk's strong financial and competitive performance despite continued macroeconomic policy and geopolitical headwinds. Resilience provided by our subscription business model and our product and customer diversification. Discipline and focus in executing our strategy and deploying capital through the economic cycle and opportunity from developing next generation technology and services which deliver end-to-end digital transformation of our design and make customers and enable a better world designed and built for all. Our leading indicators remained consistent with last quarter, with growing usage and record bid activity on building connected and cautious optimism from channel partners. Customers remain committed to transformation and to Autodesk. leveraging automation more where they are seeing headwinds from the economy, labor shortages, and supply chain. That commitment was reflected in our Q2 performance, growing adoption and token consumption within enterprise business agreements and strong renewal rates. Autodesk remains relentlessly curious with a propensity and desire to evolve and innovate. We were delighted that Autodesk was recently highlighted as a best workplace for innovators by fast companies. 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 initiative.

Disclaimer

This conference call transcript was computer generated and almost certianly contains errors. This transcript is provided for information purposes only.EarningsCall, LLC makes no representation about the accuracy of the aforementioned transcript, and you are cautioned not to place undue reliance on the information provided by the transcript.

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Investor presentation