Design software maker Autodesk Inc. (ADSK: Quote) has confirmed its outlook for both the second quarter and fiscal 2013.
Second-quarter earnings are still anticipated to be in the range of $0.29 - $0.34 per share on a GAAP basis and $0.46 - $0.51 per share on an adjusted basis. Autodesk still sees revenue between $580 million and $600 million for the second quarter. Analysts polled by Thomson Reuters estimate the company to report earnings of $0.49 per share on $593.98 million revenue for the quarter. Analysts' estimates typically exclude special items.
For fiscal 2013, the company continues to expect net revenue to increase by at least 10 percent versus last year. Autodesk still anticipates full-year GAAP operating margin to increase by some 120 basis points and non-GAAP operating margin to increase by around 200 basis points compared with fiscal 2012.
Click here to receive FREE breaking news email alerts for Autodesk Inc. and others in your portfolio
by RTT Staff Writer
For comments and feedback: email@example.com