SAN FRANCISCO - Autodesk, Inc. (NASDAQ: NASDAQ:ADSK) announced a robust start to fiscal 2025, with first-quarter revenue rising 12% to $1.42 billion, surpassing analyst expectations. The company's adjusted earnings per share (EPS) for the quarter also exceeded estimates, coming in at $1.87, $0.13 higher than the consensus of $1.74.
The growth in revenue reflects a 12% increase compared to the same quarter last year, demonstrating the company's continued expansion in its market. Autodesk's success this quarter can be attributed to its leadership in 3D AI, cloud platforms, and its evolving business model, as highlighted by CEO Andrew Anagnost. He noted that Autodesk's generative AI can now quickly create functional 3D shapes from various inputs, positioning the company to maintain and extend its lead in the industry.
Despite the positive earnings and revenue figures, the company's total billings saw a decrease of 5% to $1.11 billion. Nonetheless, the current remaining performance obligations grew by 12% YoY to $3.9 billion, indicating a strong future revenue pipeline.
Autodesk's outlook for the second quarter of fiscal 2025 forecasts revenue between $1.475 billion and $1.490 billion, with adjusted EPS expected to be between $1.98 and $2.04. This guidance suggests a midpoint of $1.4825 billion for revenue and $2.01 for adjusted EPS. The full-year fiscal 2025 guidance anticipates revenue growth of 9% to 11%, with an expected range of $5.99 billion to $6.09 billion.
The company's performance and forward-looking statements were detailed in a press release on June 11, 2024, and reflect Autodesk's strategic focus on driving growth through innovation and customer satisfaction. According to Anagnost, Autodesk is committed to achieving an industry-leading 'Rule of Forty' ratio of 45 or more, which combines growth and profitability metrics.
Investors have yet to react to the news, as the stock movement percentage was not provided. However, the positive earnings news and strong guidance for the upcoming quarters suggest optimism for the company's financial trajectory.
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