Autodesk (ADSK) Tops Q2 EPS by 8c

Autodesk (NASDAQ: ADSK) reported Q2 EPS of $1.21, $0.08 better than the analyst estimate of $1.13. Revenue for the quarter came in at $1.06 billion versus the consensus estimate of $1.05 billion.

"Sustained and purposeful innovation to enable digital transformation in the industries we serve is changing our relationship with our customers from software vendor to strategic partner," said Andrew Anagnost, Autodesk president and CEO. "And that is enabling us to create more value through end-to-end, cloud-based solutions that connect data and workflows, and power business model evolution. By helping our customers grow, we will grow too, giving us confidence in our FY 23 goals and beyond."

"Robust growth in new product subscriptions, accelerating digital sales, and improving subscription renewal rates drove our strong second quarter results," said Debbie Clifford, Autodesk CFO. \"Our strong start to the year means we are raising our FY22 revenue and margin guidance and shifting more of our EBA customers from multi-year paid up front to annual billings, benefiting both our customers and Autodesk."

GUIDANCE:

Autodesk sees Q3 2022 EPS of $1.22-$1.28, versus the consensus of $1.26. Autodesk sees Q3 2022 revenue of $1.11-1.125 billion, versus the consensus of $1.11 billion.

Autodesk sees FY2022 EPS of $4.91-$5.06, versus the consensus of $4.90. Autodesk sees FY2022 revenue of $4.345-4.385 billion, versus the consensus of $4.36 billion.

For earnings history and earnings-related data on Autodesk (ADSK) click here.

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