Autodesk, Inc. (NASDAQ: ADSK) on Thursday reaffirmed its business outlook for the first quarter and fiscal year 2020 as it held its Investor Day celebrations at the Autodesk Gallery in San Francisco.
Autodesk CEO Andrew Anagnost said that “the strong momentum” at the end of fiscal 2019 “provided us with a great deal of confidence going into fiscal 2020.”
“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.
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.
Video game retailer GameStop Corp. (NYSE: GME), which has become the talk of the town after the unprecedented stock rally in recent weeks, reported a narrower loss for the first
The steel industry managed to shrug off the pandemic blues earlier than expected as the recovery in industrial activity pushed up demand. With the vaccination drive and the government’s aggressive
Campbell Soup Company (NYSE: CPB) reported third-quarter 2021 earnings results today. Net sales decreased 11% year-over-year to $1.98 billion, as a result of lapping the demand surge at the onset