Autodesk Q1 Earnings Exceed Expectations
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 4 days ago
0mins
Source: seekingalpha
- Strong Performance: Autodesk reported a Q1 non-GAAP EPS of $2.99, beating expectations by $0.15, which underscores the company's robust market position and leadership in engineering optimization.
- Revenue Growth: The company achieved $1.93 billion in revenue for Q1, reflecting an 18.4% year-over-year increase and surpassing market expectations by $40 million, indicating strong demand recovery and boosting investor confidence.
- Future Outlook: For Q2 FY27, Autodesk projects revenue between $2.005 billion and $2.015 billion, exceeding the consensus of $1.99 billion, showcasing ongoing growth potential and strong market demand.
- Full Year Guidance: The FY27 guidance estimates billings between $8.505 billion and $8.580 billion, with non-GAAP EPS projected at $12.40 to $12.65, reflecting a positive outlook on profitability and cash flow for the upcoming year.
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Analyst Views on ADSK
Wall Street analysts forecast ADSK stock price to rise
23 Analyst Rating
21 Buy
2 Hold
0 Sell
Strong Buy
Current: 248.160
Low
319.00
Averages
373.10
High
400.00
Current: 248.160
Low
319.00
Averages
373.10
High
400.00
About ADSK
Autodesk, Inc. is engaged in three-dimensional (3D) design, engineering and entertainment technology solutions, spanning architecture, engineering, construction, product design, manufacturing, media and entertainment. Its architecture, engineering, construction and operations products improve the way building, infrastructure, and industrial projects are designed, built, and operated. Its product development and manufacturing software provides manufacturers in the automotive, transportation, industrial machinery, consumer products, and building product industries with comprehensive digital design, engineering, manufacturing, and production solutions. Its product offerings include AutoCAD Civil 3D, Autodesk Build, BIM Collaborate Pro, Building Connected, Revit, Tandem, AutoCAD, AutoCAD LT, Inventor, Vault, Maya, 3ds Max, Flow Production Tracking, among others. AutoCAD Civil 3D solution offers surveying, design, analysis, and documentation solution.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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