“With the business model transition effectively behind us, we’re looking forward to providing the investment community with additional details on how we will fuel sustainable growth in our fiscal 2020 and beyond,” he added.
Read our Earnings Coverage: Accenture Q2 results beat estimates
For the first quarter of fiscal 2020, Autodesk now expects revenue of $735-745 million, generating GAAP earnings of 6-10 cents per share and $0.44-0.48 in non-GAAP EPS.
Non-GAAP earnings for the quarter excludes $0.34 in stock-based compensation expenses, $0.07 in amortization of acquisition-related intangibles, $0.04 in acquisition-related costs, and a $0.07 gain related to GAAP-only tax charges.
For the full-year, total ARR is expected to be up 27-29% to hit $3.50-3.55 billion.
Billings are estimated to surge 50-53% to reach $4.05-4.15 billion, while revenue is touted to grow 26-28% to $3.25-3.30 billion.
For fiscal 2020, Autodesk expects GAAP earnings to be between $1.12 and $1.31 per share, while non-GAAP earnings is estimated to be $2.71-2.90 per share. Free cash flow in the year is estimated to hit about $1.35 billion.
For the year, Autodesk does not expect foreign currency exchange rates or hedge gains/losses to impact its revenue guidance materially.