Software and services company Autodesk (ADSK) reported a 15.6% increase in revenue for fourth quarter 2018, driven by ARR growth and double digit revenue growth from all geographies. Subscription plan Annualized Recurring Revenue (ARR) surpassed maintenance plan for the first time, in-line with the company’s projections.
Subscription plan ARR was $1.18 billion, which more than doubled year-over-year on a reported basis and on a constant currency basis. Total ARR for the fourth quarter increased 25% to $2.05 billion.
Outlook
For first quarter 2019, the company expects revenue in the range of $565-575 million, GAAP loss per share of $0.34-0.31 and non-GAAP EPS of $0.11-0.14 under accounting standard ASC 605. Under accounting standard ASC 606, Autodesk expects revenue in the range of $550-560 million, GAAP loss per share of $0.44-0.41 and non-GAAP EPS of $0.01-0.04.
For fiscal year 2019, under accounting standard ASC 605, Autodesk expects revenue in the range of $2.49-2.54 billion, with adjusted loss per share expected in the range of $0.92-1.10 and reported loss per share in the range of $0.77-0.59.
Most Popular
Earnings Preview: Home Depot’s Q3 report likely to reflect weak consumer demand
The US housing industry has been mostly resilient to headwinds like economic uncertainties so far this year. However, housing activity cooled in recent months as high mortgage rates and inflation
Take-Two Interactive (TTWO) will report Q2 2025 earnings this week, a few points to note
Shares of Take-Two Interactive Software, Inc. (NASDAQ: TTWO) stayed red on Monday. The stock has gained 16% over the past three months. The gaming company is set to report its second
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
