Autodesk (NASDAQ: ADSK) is scheduled to release its fourth-quarter and full-year earnings report on Thursday after the markets close. Investors in this architecture, engineering, and construction (AEC) software giant's stock are eager to see how the company performed in this latest quarter. They are also hoping to get some strong guidance on what the company has planned for 2021.
Here's what you should look for and expect when reading the report.
Since Autodesk transitioned its business model to subscriptions many years ago, the company and investors have focused on the total amount of recurring revenue generated by the business. For the full year, Autodesk is expecting sales of $3.75 billion, which would represent 15% growth from the prior year. Not bad for a company of its size.
For further details see:
What to Expect When Autodesk Reports Earnings on Thursday