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AUTODESK , INC . ANNOUNCES FISCAL 2022 THIRD QUARTER RESULTS Strong revenue and current remaining performance obligations growth , up 18 % to $ 1,126 million and 21 % to $ 2,877 million , respectively , driven by strong new subscriptions growth and renewal rates AUTODESK SAN FRANCISCO , Calif . , NOVEMBER 23 , 2021-- Autodesk , Inc. ( NASDAQ : ADSK ) today reported financial results for the third quarter of fiscal 2022 . All growth rates are compared to the third quarter of fiscal 2021 , unless otherwise noted . A reconciliation of GAAP to non - GAAP results is provided in the accompanying tables . For definitions , please view the Glossary of Terms later in this document . Third Quarter Fiscal 2022 Financial Highlights ● Total revenue increased 18 percent to $ 1,126 million ; GAAP operating margin was 17 percent , down 1 percentage point ; Non - GAAP operating margin was up 2 percentage points to 32 percent ; GAAP diluted EPS was $ 0.61 ; Non - GAAP diluted EPS was $ 1.33 ; Cash flow from operating activities was $ 270 million ; free cash flow was $ 257 million . " Our customers continue to embrace and prioritize digital transformation to drive growth , efficiency and sustainability , generating strong demand for Autodesk's platform , " said Andrew Anagnost , Autodesk president and CEO . " We are rapidly innovating and optimizing our business to enable more customers to experience our ecosystem , and realize the opportunities ahead . " " Demand was robust in Q3 , driving strong new subscriptions growth and renewal rates . We expect it to remain so in Q4 , " said Debbie Clifford , Autodesk CFO . " However , supply chain disruption and resulting inflationary pressures , a global labor shortage , and the ebb and flow of COVID , are impacting the pace of our recovery and outlook . " ● Additional Financial Details Total billings increased 16 percent to $ 1,168 million . Total revenue was $ 1,126 million , an increase of 18 percent as reported , and 17 percent on a constant currency basis . Recurring revenue represents 97 percent of total . Design revenue was $ 994 million , an increase of 17 percent as reported , and 15 percent on a constant currency basis . On a sequential basis , Design revenue increased 5 percent as reported and on a constant currency basis . Make revenue was $ 94 million , an increase of 23 percent as reported and on a constant currency basis . On a sequential basis , Make revenue increased 5 percent as reported and on a constant currency basis . Subscription plan revenue was $ 1,071 million , an increase of 21 percent as reported , and 19 percent on a constant currency basis . On a sequential basis , subscription plan revenue increased 5 percent as reported and on a constant currency basis . 1