Autodesk Reports Q1 Beat, Provides Outlook By Investing.com

Autodesk Reports Q1 Beat, Provides Outlook

Stock Markets May 26, 2022 04:58PM ET

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Autodesk Reports Q1 Beat, Provides Outlook

By Davit Kirakosyan

Autodesk (NASDAQ:ADSK) reported its Q1 results, with EPS of $1.43 coming in better than the Street estimate of $1.35. Revenue increased 18% year-over-year to $1.17 billion, compared to the Street estimate of $1.15 billion.

Total billings rose 16% year-over-year to $1.129 billion. Design revenue was up 16% to approximately $1 billion, and Make revenue was up 27% to $103 million. Subscription plan revenue increased 17% year-over-year to $1.089 billion.

The company expects Q2/23 revenue in the range of $1.220 - $1.235 billion and non-GAAP EPS in the range of $1.54 - $1.60.

For the full 2023-year, the company expects EPS in the range of $6.43-$6.66, compared to the consensus of $6.69, and revenue in the range of $4.96-5.06 billion, compared to the consensus of $5.04 billion.

Shares of Autodesk were down 32% year-to-date into the results.

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