Autodesk Reports Q1 Beat, Provides Outlook
2022.05.27 00:01
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.
