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.