ADSK - Autodesk beats Q4 top and bottom line estimates; initiates Q1 and FY23 outlook
- Autodesk press release ( NASDAQ: ADSK ): Q4 Non-GAAP EPS of $1.86 beats by $0.05 .
- Revenue of $1.32B (+9.1% Y/Y) beats by $10M .
- Non-GAAP operating margin was 36 percent, up 1 percentage point.
- Cash flow from operating activities was $911 million; free cash flow was $903 million.
- Total billings increased 28 percent to $2.12 billion.
- Q1 FY24 Guidance : Revenue $1,260 - $1,275M vs $1.27B consensus; EPS non-GAAP $1.50- $1.56 vs $1.63 consensus.
- Fiscal 2024 Guidance : Billings $5,025 - $5,175MDown 13% - 11%; Revenue $5,355 - $5,455M vs $5.46B consensus Up 7% - 9%, Non-GAAP operating margin Approx. flat year over year; EPS non-GAAP $6.98 - $7.32 vs $7.32 consensus.
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Autodesk beats Q4 top and bottom line estimates; initiates Q1 and FY23 outlook