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
Tyson Foods (TSN) Q1 2023 Earnings: Key financials and quarterly highlights
Tyson Foods Inc. (NYSE: TSN) reported first quarter 2023 earnings results today. Sales rose 2.5% year-over-year to $13.2 billion. Net income attributable to Tyson was $316 million, or $0.88 per
After weak start to 2023, Apple (AAPL) sees some bright spots
Apple Inc. (NASDAQ: AAPL) this week reported its first revenue decline in more than three years, even as the high inflation continues to squeeze customers’ spending power. Sales of the
Earnings: Qualcomm (QCOM) Q1 profit falls on lower revenues
Chipmaker Qualcomm, Inc. (NASDAQ: QCOM) has reported lower earnings and revenues for the first quarter of 2023. The company also provided guidance for the second quarter of 2023. At $9.5
