SAN FRANCISCO - Autodesk, Inc. (NASDAQ: NASDAQ:ADSK) delivered a robust fourth quarter, surpassing Wall Street's expectations with both its earnings and revenue. The company reported adjusted earnings per share (EPS) of $2.09, which was $0.14 higher than the analyst consensus of $1.95. Revenue for the quarter also exceeded forecasts, coming in at $1.47 billion compared to the expected $1.43 billion.
The positive earnings news propelled Autodesk's stock upward by a notable 6.56%, indicating a strong investor endorsement of the company's quarterly performance. This surge in stock price reflects the market's positive reaction to the earnings and revenue beat.
Autodesk's fourth-quarter revenue showed an 11% increase compared to the same period last year, highlighting the company's sustained growth. The company's president and CEO, Andrew Anagnost, attributed this performance to their leadership in 3D generative AI and the robust demand for their products and services.
Looking ahead, Autodesk provided guidance for the first quarter of fiscal 2025, projecting an adjusted EPS in the range of $1.73 to $1.78, which brackets the analyst consensus of $1.78. Revenue guidance for the same period is forecasted to be between $1.385 and $1.4 billion, aligning closely with the consensus of $1.389 billion.
For the full year of fiscal 2025, Autodesk anticipates an adjusted EPS between $7.89 and $8.11, which is in line with the high end of the analyst estimates of $8.11. The revenue outlook for the year is set at $5.99 to $6.09 billion, surpassing the consensus estimate of $5.978 billion.
CFO Debbie Clifford commented on the company's resilience and robust underlying demand, which she expects to drive revenue growth of more than 10% in fiscal 2025. Autodesk's forward-looking statements are based on current expectations and assumptions, taking into account the current economic and foreign exchange rate environment.
Investors are likely to keep a close watch on Autodesk's progress as it continues to develop lifecycle solutions and leverage its data model to create more connected products and services.
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