Core Viewpoint - Autodesk reported strong financial results for the fourth quarter of fiscal 2025, with earnings and revenues exceeding expectations, but announced a significant workforce reduction as part of a restructuring plan. Financial Performance - Non-GAAP earnings per share for Q4 FY2025 were $2.29, beating the Zacks Consensus Estimate by 7.51% and improving 9.6% year over year [1] - Revenues reached $1.64 billion, surpassing the consensus mark by 0.50% and growing 11.6% year over year [2] - Billings increased by 23% year over year to $2.11 billion [6] Revenue Breakdown - Subscription revenues, which accounted for 92.9% of total revenues, rose 13.7% year over year to $1.52 billion [4] - Maintenance revenues declined 28.6% year over year to $10 million, while other revenues decreased 7.8% to $107 million [4] - Recurring revenues contributed 97% to total revenues, with a net revenue retention rate within the targeted range of 100-110% [5] Regional Performance - Revenues from the Americas increased 11.3% year over year to $730 million [5] - EMEA revenues climbed 14.1% to $623 million, while Asia-Pacific revenues rose 7.1% to $286 million [5] Product Performance - AEC revenues, which represent 48.7% of total revenues, increased 14.8% year over year to $799 million [7] - AutoCAD and AutoCAD LT revenues rose 8.5% to $409 million, while Manufacturing revenues increased 8.9% to $318 million [7] Operating Results - Non-GAAP operating income was $608 million, reflecting a 16.5% year-over-year increase, with an operating margin of 37.1%, up 160 basis points [8] Balance Sheet & Cash Flow - Cash and cash equivalents totaled $1.89 billion, up from $1.71 billion as of October 31, 2024 [9] - Free cash flow was $678 million, an increase of $251 million compared to the previous year [10] Future Guidance - For Q1 FY2026, Autodesk projects revenues between $1.60 billion and $1.61 billion, with non-GAAP earnings per share expected between $2.14 and $2.17 [11] - For fiscal 2026, revenues are anticipated to be between $6.895 billion and $6.965 billion, with billings estimated in the range of $7.06 billion to $7.21 billion [11][12] Restructuring Plan - Autodesk plans to reduce its workforce by approximately 9%, equating to about 1,350 employees, as part of a worldwide restructuring initiative [3]