Autodesk, Inc. (NASDAQ:ADSK) shares closed more than 2% higher on Thursday following the company’s reported Q2 results, with EPS of $1.65 coming in better than the Street estimate of $1.57. Revenue was $1.24 billion, above the Street estimate of $1.22 billion.
Management delivered a modest raise to billings, revenue, and FCF (ex-FX) guidance against a very negative sentiment backdrop.
For the full 2023-year, the company expects EPS in the range of $6.52-$6.71, compared to the Street estimate of $6.54. Revenue is expected to be in the range of $4.99-5.04 billion, compared to the Street estimate of $5.01 billion. CFO Debbie Clifford indicated that the 2023 outlook assumes market conditions remain consistent with Q2.
The Retail Giant Walmart Introduces Walmart + And Why We Are Poised To See $1000
