Autodesk Inc (NASDAQ:ADSK) Q2 2021 Earnings Conference Call - Final Transcript

Aug 25, 2020 • 05:00 pm ET


Autodesk Inc (NASDAQ:ADSK) Q2 2021 Earnings Conference Call - Final Transcript


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Ladies and gentlemen, thank you for standing by. And welcome to the Autodesk Second Quarter Fiscal Year '21 Earnings Conference Call. [Operator Instructions] I would now like to hand the conference to your speaker today, Abhey Lamba, VP - Investor Relations. Please go ahead, sir.

Abhey Lamba

Thanks, operator, and good afternoon. Thank you for joining our conference call to discuss the results of our second quarter of fiscal year '21. On the line is Andrew Anagnost, our CEO; and Scott Herren, our CFO. Today's conference call is being broadcast live via webcast. In addition, a replay of the call will be available at 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 filings for important risks and other factors, including developments in the COVID 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 numeric or 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 would like to turn the call over to Andrew.

Andrew Anagnost

Thank you, Abhey. To start, I hope everyone is safe and healthy, as our world continues to be impacted by the COVID pandemic. Our priorities remain the safety and well-being of our employees and the continued support of our customers, partners and communities. Before I dive into the quarter, I thank all of our employees for their efforts and persistence during these challenging times.

The resiliency of our business model and solid execution helped us deliver strong Q2 results with revenue, earnings and free cash flow above expectations, even as we continue to operate in uncertain times. The secular trends that we have been investing in and preparing for such as the adoption of cloud-based solutions are accelerating, and we are excited about our position in the market.

While our competitors are just beginning to focus on similar trends, our investments from the last few years are already driving positive results. With the business model changes we have made, we continue to deliver significant value and functionality in the cloud. Because of this and a few other aspects I'll discuss, we will be stronger on the