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 stability here. Really, really good to see. Maybe, Debbie, for you, maybe I missed it, but cash flow was -- free cash flow was significantly
better than we thought this quarter. I know you don't guide quarterly. So maybe just -- again, maybe I missed it, but a little bit more on sort of why
free cash flow is so strong this quarter? And as we think about Q3, Q4 kind of the linearity there, you took the low end of the full year up a little bit.
How should we kind of think about that split sort of between 3Q and 4Q?
Question: Matthew George Hedberg - RBC Capital Markets, Research Division - Analyst
: Great. And then, Andrew, for you, following up on earlier questions kind of on the split of your business, obviously, an extremely diversified model.
But I guess regarding commercial real estate exposure, I know it's difficult to give an exact percentage of your exposure there. But just broadly
speaking, we get asked all the time, what's Autodesk's exposure to the category. How should we think about kind of Autodesk in the CRE market?
REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us
consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies.
AUGUST 23, 2023 / 9:00PM, ADSK.OQ - Q2 2024 Autodesk Inc Earnings Call
Question: Nay Soe Naing - Joh. Berenberg, Gossler & Co. KG, Research Division - Analyst
: Just got a quick question from me. Coming back to the early was -- better than expected or earlier than expected EBA renewals, I was wondering
if we were to exclude that impact in the quarter, the performance in AEC, would we have seen an inflection in terms of the growth levels because
what we've seen in the past couple of quarters is the gradual decline in growth rates. So I was wondering if we didn't have this early renewals in
EBAs, would AEC segment would have seen a further deceleration in growth rates? Or would we see a bit of an uptick compared to Q1?
Question: Patrick Michael Baumann - JPMorgan Chase & Co, Research Division - Analyst
: This is Pat on for Steve Tusa. So just a couple probably for Debbie. You touched on sales in terms of the moving parts of the guide raise there. I
guess in terms of the free cash flow midpoint, what was -- I know it was only -- it was a small number, but what was the driver of the raise there?
And then on the EPS -- the adjusted EPS guidance raise, there's like $25 million of other income. Is that simply the benefit from the interest on cash
that you mentioned in the preamble?
Question: Patrick Michael Baumann - JPMorgan Chase & Co, Research Division - Analyst
: Does that flow through to cash flow?
Question: Patrick Michael Baumann - JPMorgan Chase & Co, Research Division - Analyst
: Okay. And then sorry, one more on cash flow for my second question. Is the -- do you think is the third quarter going to be negative or positive on
free cash flow? You said I think, significantly weighted to the fourth quarter in the second half, which I think is similar to your prior commentary
from last quarter. But I think you also thought at that time that maybe second quarter and third quarter could be negative. Is your view that free
cash flow will be negative in the third quarter given the impact of this cash item that was pushed from the first half to the third quarter?
|
