Investing.com -- Autodesk (NASDAQ:ADSK) reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Autodesk announced earnings per share of $1.43 on revenue of $1.17B. Analysts polled by Investing.com anticipated EPS of $1.35 on revenue of $1.15B. Revenue rose 18%, while total billings increased 16% to $1.129 billion.
Autodesk shares are down 1.13% following the report.
"Autodesk's strong Q1 results reflect the company's steady execution, industry leading products and platforms, and resilience through elevated times of uncertainty," said Andrew Anagnost, Autodesk president and CEO.
The company sees second-quarter adjusted earnings per share between $1.54 and $1.60 on revenue of between $1.22 billion to $1.235 billion. For full-year fiscal 2023, Autodesk sees revenue in a range from $4.96 billion to $5.06 billion, with adjusted earnings per share between $6.43 to $6.66.
"Broad-based strength across products and regions, a strong competitive performance, and continued cost discipline delivered robust revenue growth, margin expansion, and free cash flow generation," stated Debbie Clifford, Autodesk CFO. "We exited the first quarter with strong momentum, save for Russia and currency movements during the quarter, for which we've adjusted our outlook."