Spartan Posted May 15, 2014 Report Posted May 15, 2014 Shares of Autodesk (ADSK) are up $2.18, or almost 5%, at $50, in late trading, after the company this afternoon reported fiscal Q1 revenue and earnings per share comfortably ahead of analysts’ expectations, and forecast this quarter and the full year’s revenue higher as well. Revenue in the three months ended in April rose 4%, year over year, to $593 million, yielding EPS of 32 cents Analysts had been modeling $568 million and 21 cents. Operating margin in the quarterf ell to 17% from 24% a year earlier, on a non-GAAP basis. The company said deferred revenue rose 13%, year over year, to $964 million. CFO Mark Hawkins said the company was “pleased with the first quarter results,” which, “coupled with our optimistic view of the current macroeconomic environment, led us to raise our business outlook for billings and revenue for fiscal year 2015.” For the current quarter, the company sees revenue in a range of $595 million to $610 million, and EPS of 25 cents to 30 cents. That compares to the average estimate of $576.4 million and 28 cents. For the full year, the company projects revenue rising by 4% to 6%, which is better than the average 3.7% growth forecast by the Street, on average. That is higher than a forecast for 3% to 5% growth offered back in March. Billings for the full year are seen rising 7% to 9%.
KaskaMiska Posted May 15, 2014 Report Posted May 15, 2014 good, hope it continues with other companies..
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