— 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
What to look for when CVS Health (CVS) reports Q3 earnings
Healthcare company CVS Health Corporation (NYSE: CVS) is all set to report earnings next week, with Wall Street expecting a mixed outcome. The company has been facing challenges in certain
eBay (EBAY): A few factors that helped drive growth in Q3 2024
Shares of eBay Inc. (NASDAQ: EBAY) stayed green on Friday. The stock has gained 32% year-to-date. The ecommerce leader delivered revenue and earnings growth for the third quarter of 2024,
CVX Earnings: Chevron reports lower revenue and profit for Q3 2024
Energy exploration company Chevron Corporation (NYSE: CVX) on Friday announced third-quarter 2024 financial results, reporting a decline in net profit and revenues. Net income attributable to Chevron Corporation dropped to