- Autodesk (NASDAQ:ADSK) is up 1.3% after reporting Q1 beats on the top and bottom line and guiding for upside revenue in the current quarter.
- Revenue was up 12% Y/Y to $989M and $1.03 EPS, which was $0.09 ahead of estimates.
- Design revenue was up 11% to $885M but fell 2% on the quarter. Make revenue was up 21% on the year and flat Q/Q to $82M.
- Billings accelerated with 10% growth to $974M.
- Cash flow from operating activities totaled $336M with FCF of $316M.
- For Q2, Autodesk forecasts revenue of $1.045-1.06B (consensus: $1.03B) and EPS of $1.08-1.14 (consensus: $1.13).
- The full-year view includes revenue of $4.305-4.385B (consensus: $4.31B) and EPS of $4.67-4.97 (consensus: $4.95). Billings are expected to grow 19-22% to the $4.93-5.06B range.
- Earnings press release.