Autodesk Inc. (NASDAQ:ADSK) posted its first-quarter results after Thursday’s closing bell, beating estimates on the top and bottom lines. Here’s a look at the details inside the report.
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Autodesk Q1 Details
Autodesk reported quarterly earnings of $2.99 per share, which beat the consensus estimate of $2.84 by 5.28%, according to Benzinga Pro data.
Quarterly revenue came in at $1.93 billion, which beat the Street estimate of $1.89 billion and was up from $1.63 billion in the same period last year.
“Our customers need AI that produces outputs that are accurate in the real world. That requires data, context and expertise,” said Andrew Anagnost, CEO of Autodesk.
“Each one is scarce and what differentiates Autodesk is that we have all three at scale. We can validate AI-generated outputs against real-world constraints using our existing parametric and physics-based 3D technology,” Anagnost added.
Looking Ahead
Autodesk raised its fiscal 2027 adjusted EPS guidance to $12.40 to $12.6, versus the $12.51 analyst estimate, and raised its revenue outlook to $8.16 billion to $8.22 billion, versus the $8.15 billion estimate.
ADSK Stock Price Activity: According to data from Benzinga Pro, Autodesk stock was down 3.84% to $231.70 in Thursday’s extended trading.
Photo: Shutterstock
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