The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Matthew George Hedberg - RBC Capital Markets, Research Division - Analyst
: Congrats on the results and really good to hear the strength in the renewal business. I guess for either of you, maybe Scott, outside of the trends
in multiyear that you alluded to in your answer to Saket's question earlier, I'm wondering if you could talk in a little bit more detail about how new
business trends have progressed through the quarter and maybe how August has trended versus last year? I know Andrew mentioned strength
in pipeline. Just wondering on that new business side, what gives you confidence there?
Question: Matthew George Hedberg - RBC Capital Markets, Research Division - Analyst
: That's great. And then AutoCAD and AutoCAD LT, I think they grew 18% in the quarter. I wonder if you can talk a bit more granularity about AutoCAD
LT. I know that has actually been fairly strong for you thus far. And I know historically, that's been -- it had been weaker in times of stress. Just
wondering how LT is holding up relatively in this market.
Question: David E. Hynes - Canaccord Genuity Corp., Research Division - Analyst
: So 2 questions from me. I'll start with you, Scott. Curious what the lag time was between the uptick in active use and then the resumption of demand
that you saw in APAC? And I guess the question is, if the same held true in the Americas based on what you saw in July, when would you expect
to see an uptick in demand here?
Question: David E. Hynes - Canaccord Genuity Corp., Research Division - Analyst
: Yes. Yes. Okay. And then, Andrew, one for you. Curious about the education channel. I know it's not a revenue driver for Autodesk, but obviously,
it's training future users. So I'd be curious what you're seeing there, just given the uncertainty around back-to-school processes and enrollment
numbers. Any color would be helpful.
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