logo
Plus   Neg
Share
Email

Autodesk Reiterates Q1, FY20 Outlook - Quick Facts

Autodesk, Inc. (ADSK) on Thursday reaffirmed its business outlook for the first quarter and fiscal 2020 in conjunction with its Investor Day, being held today at the Autodesk Gallery in San Francisco.

The company noted that Andrew Anagnost, President and CEO, will be joined by several members of the Autodesk leadership team to review its core markets and products, new cloud-based opportunities in construction and manufacturing, recurring business model, and strategic initiatives to drive sustainable long-term growth in annualized recurring revenue and free cash flow.

"The strong momentum we experienced exiting fiscal 2019 provided us with a great deal of confidence going into fiscal 2020. With the business model transition effectively behind us, we're looking forward to providing the investment community with additional details on how we will fuel sustainable growth in our fiscal 2020 and beyond," said Anagnost.

For the first quarter, Autodesk reiterated its outlook for reported earnings of $0.06 to $0.10 per share, adjusted earnings of $0.44 to $0.48 per share, and revenue in a range of $735 million to $745 million.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $0.47 per share for the quarter on revenues of $740.08 million. Analysts' estimates typically exclude special items.

For fiscal 2020, Autodesk reaffirmed its outlook for reported earnings of $1.12 to $1.31 per share, adjusted earnings of $2.71 to $2.90 per share, and revenue in a range of $3.250 billion to $3.300 billion.

The Street expects earnings of $2.87 per share for the year on revenues of $3.29 billion.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
The United Auto Workers at General Motors will remain on strike until ratification of a new four-year labor contract, the union said on Thursday. GM's proposed agreement includes an $11,000 ratification bonus to workers, wage increases of 4 percent throughout the four-year contract, no increases in health care costs; and a path to permanent worker status within four years or less. Streaming giant Netflix Inc. (NFLX) announced that it secured rights to Jeff Smith's critically acclaimed comic book series BONE. Netflix said it plans to develop an animated kids series based on BONE that follows the iconic Bone cousins on an adventure through a vast, uncharted desert and into a... Swedish luxury auto maker Volvo Cars unveiled its first fully electric car, the XC40 Recharge. The XC40 Recharge is a part of the electrified car portfolio that Volvo plans to introduce under the new 'Recharge' sub-brand. The company said it plans to launch a fully electric car every year over the...
RELATED NEWS
Follow RTT
>