Levelling agent for cotton can improve the dispersibility of direct dyes and reactive dyes, prevent the dyes from condensing due to salting out, achieve the purpose of solubilization, and ensure that the levelling of dyes will not decline. Moreover, it has outstanding dispersing ability to the impurities on raw cotton, such as wax and pectin, which are produced by hard water, and can strengthen the desorption and re-adsorption of dyes to ensure uniform adsorption. It can chelate metal ions in water and prevent dye condensation and hue change. for the dyeing of cotton, levelled dyeing results, vat dyes, dyeing defects, leveling effect Dymatic Chemicals, Inc. , https://www.dymachem.com
The accompanying tables provide a reconciliation of GAAP to non-GAAP results. For detailed definitions, please refer to the Glossary of Terms at the end of this document.
**Fourth Quarter Fiscal 2022 Financial Highlights**
- Total revenue climbed 17% to $1.21 billion.
- GAAP operating margin stood at 12%, a drop of 6 percentage points due to lease-related charges of $104 million.
- Non-GAAP operating margin improved by 5 percentage points to 35%.
- GAAP diluted EPS was $0.40, impacted negatively by $0.47 due to lease-related charges; non-GAAP diluted EPS was $1.50.
- Operating cash flow was $723 million, while free cash flow reached $716 million.
According to Andrew Anagnost, President and CEO of Autodesk, “By fostering stronger customer relationships through innovative cloud solutions and adopting new methodologies, we’re building lasting partnerships and shared growth opportunities. Our commitment to technological advancement and talent development fuels my optimism about the future.â€
Debbie Clifford, Autodesk's CFO, highlighted, “Strong renewal rates, robust subscription growth, and expanding digital sales led to record-breaking quarterly and yearly revenues, non-GAAP operating margins, and free cash flow. Our performance in FY22 sets a solid foundation for FY23.â€
**Additional Fourth Quarter Fiscal 2022 Financial Details**
- Total billings rose 13% to $1.66 billion.
- Recurring revenue accounted for 94% of total revenue.
- Design revenue amounted to $1.05 billion, showing a 16% increase year-over-year.
- Make revenue hit $99 million, marking a 21% growth.
- Subscription plan revenue was $1.12 billion, reflecting an 18% increase.
- Maintenance plan revenue fell 25% to $23 million.
- Net revenue retention rate remained within the 100 to 110% range.
- GAAP operating income was $142 million, including $104 million in lease-related charges.
- Non-GAAP operating income totaled $422 million, compared to $315 million last year.
- Free cash flow surged to $716 million, up $82 million from the previous year.
Looking ahead, Autodesk’s business outlook for the first quarter and full-year fiscal 2023 anticipates continued growth despite the current economic climate.
For more detailed insights, visit the investor section of our website at [www.autodesk.com/investor](http://www.autodesk.com/investor). Additionally, the company will host a live earnings call today at 5 p.m. ET, accessible via the same link.
Autodesk remains dedicated to shaping the future of design and making, empowering creators worldwide to tackle challenges of all sizes. To learn more, visit [www.autodesk.com](http://www.autodesk.com) or follow us on Twitter @autodesk.
**Safe Harbor Statement**
This press release contains forward-looking statements that involve risks and uncertainties. Actual results may vary significantly due to factors such as market conditions, geopolitical tensions, and technological advancements. For further details, please refer to the full risk analysis provided in our latest Form 10-K and subsequent 10-Q filings with the SEC.
**About Autodesk**
Autodesk is revolutionizing the design and manufacturing industries with cutting-edge tools across architecture, engineering, construction, product design, and media and entertainment. Our mission is to empower innovators globally to create a better world through sustainable designs and groundbreaking content.
For inquiries or additional information, please contact our investor relations team at investor@autodesk.com or visit our investor portal at [www.autodesk.com/investor](http://www.autodesk.com/investor).
AUTODESK, INC. ANNOUNCES FISCAL 2022 FOURTH QUARTER AND FULL-YEAR RESULTS
SAN FRANCISCO, February 24, 2022 /PRNewswire/ — Autodesk, Inc. (NASDAQ: ADSK), today announced its financial results for the fourth quarter of fiscal 2022. The company continues to lead innovation in the digital design space, delivering enhanced value to customers through advanced cloud solutions.