Autodesk Reports In Line Q1 Earnings, Provides Outlook
<p><a href='https://financialmodelingprep.com/financial-summary/ADSK'>Autodesk (NASDAQ:ADSK)</a> delivered its Q1 earnings results on Thursday, with EPS coming in at $1.55, and revenue at $1.27 billion, both in line with the Street estimates.</p>
<p>The company delivered higher billings relative to Street's estimate ($1.17 billion vs. Street’s $1.05 billion) and Free Cash Flow ($714 million vs. Street’s $437 million). Billings benefited from some last-minute multi-year activity and early renewals. Free Cash Flow also saw a boost from the timing of tax payments and collections from Q4 billings.</p>
<p>Management anticipates Q2/24 EPS to be in the range of $1.70-$1.74, compared to the Street estimate of $1.78, and revenue in the range of $1.315-$1.325 billion, compared to the Street’s $1.33 billion.</p>
<p>For the full year, management anticipates EPS to be in the range of $7.07-$7.41, compared to the Street estimate of $7.23, and revenue in the range of $5.355-$5.455 billion, compared to the Street’s $5.41 billion.</p>

NASDAQ:ADSK