Autodesk reprots Q3 total ARR increased 28% to $3.22B
"Our strong performance continued in Q3 as revenue, billings, ARR, earnings and free cash flow came in above expectations," said the company. "We continue to demonstrate the cash generating power of our business model, and this quarter drove a record last twelve months free cash flow of nearly $1B. The breadth and depth of our product portfolio in Construction paved the way for another strong quarter. In Manufacturing, we continue to displace competitors and grow faster than the overall market. Q3 results were driven by all regions and products, and once again drove robust margin expansion. Outstanding execution, our resilient subscription business model and steady demand for our products produced billings over $1B, a 55% year-over-year growth."