— Autodesk (NASDAQ: ADSK) reported its fourth-quarter 2020 adjusted earnings of $0.92 per share versus $0.89 per share expected.
— Revenue climbed by 22% to $899 million versus $890.19 million expected.
— Annualized recurring revenue (ARR) rose 25%, billings jumped 43% and deferred revenue recorded a 44% jump over the prior year. The revenue retention rate was healthier between 110-120%.
— Remaining performance obligations (RPO), or the sum of total billed and unbilled deferred revenue, totaled $3.56 billion, an increase of 33%. The current RPO totaled $2.37 billion, up 23%.
— Looking ahead into the first quarter of 2021, the company expects revenue in the range of $880-895 million and adjusted earnings of $0.80-0.86 per share. The consensus estimates EPS of $0.88 on revenue of $909.99 million.
— For the full year 2021, the company sees revenue to grow by 20-22% to the range of $3.93-3.99 billion and adjusted earnings in the range of $4.21-4.44 per share. The consensus estimates EPS of $4.41 on revenue of $3.98 billion.
— Billings are anticipated to increase by 11-13% year-over-year to the range of $4.635-4.715 billion for the full year 2021.
Most Popular
Costco (COST) reports strong growth in Q1 FY26 earnings; revenue up 8%
Costco Wholesale Corporation (NASDAQ: COST) has reported an increase in net income for the first quarter of fiscal 2026. Revenues grew 8.3% year-over-year. The Issaquah, Washington-headquartered warehouse giant’s total revenues
AVGO Earnings: Broadcom reports higher Q4 FY25 revenue, profit; results beat
Semiconductor company Broadcom, Inc. (NASDAQ: AVGO) on Thursday reported an increase in revenue and adjusted earnings for the fourth quarter of fiscal 2025. The numbers also surpassed analysts' expectations. Adjusted
Lamb Weston (LW) is set to report Q2 2026 earnings next week, here’s what to look for
Shares of Lamb Weston Holdings, Inc. (NYSE: LW) rose over 1% on Thursday. The stock has gained 4% over the past three months. The French fry giant is slated to
