Autodesk: reduces annual targets
(CercleFinance.com) - On unveiling its Q1 results, Autodesk said that it is reducing its annual targets, now expecting adjusted EPS of 6.
43 to 6.66 dollars, an adjusted operating margin of around 36% and revenues of 4.96 to 5.06 billion dollars.
For Q1, the enterprise software company reported adjusted EPS growth of 39% to 1.43 dollar, and an adjusted operating margin that improved by six percentage points to 34% on revenues that are up 18% to 1.17 billion dollars (up 17% at constant exchange rates).
Management said that the strength of all of its products and regions, a strong competitive performance and continued cost discipline drove revenue growth, margin expansion and robust free cash flow generation.
Copyright (c) 2022 CercleFinance.com. All rights reserved.
43 to 6.66 dollars, an adjusted operating margin of around 36% and revenues of 4.96 to 5.06 billion dollars.
For Q1, the enterprise software company reported adjusted EPS growth of 39% to 1.43 dollar, and an adjusted operating margin that improved by six percentage points to 34% on revenues that are up 18% to 1.17 billion dollars (up 17% at constant exchange rates).
Management said that the strength of all of its products and regions, a strong competitive performance and continued cost discipline drove revenue growth, margin expansion and robust free cash flow generation.
Copyright (c) 2022 CercleFinance.com. All rights reserved.