Autodesk Raises Full-Year Guidance After 3Q Revenue, Profit Rise
22 November 2023 - 9:12AM
Dow Jones News
By Ben Glickman
Autodesk raised the lower end of its full-year guidance after
third-quarter revenue and profit rose more than expected.
The San Francisco-based design software company now expects
earnings per share of $3.88 to $3.94 for fiscal 2024, compared with
previous guidance of $3.75 to $3.94. Analysts polled by FactSet
expect $3.87 a share.
Autodesk now expects revenue of $5.45 billion to $5.465 billion
for the fiscal year, compared with prior guidance of $5.405 billion
to $5.455 billion. Analysts expect full-year sales of $5.435
billion, according to FactSet.
Autodesk's revenue and profit both rose in the fiscal third
quarter, as the company saw larger-than-expected increases in
agreements with existing customers.
Write to Ben Glickman at ben.glickman@wsj.com
(END) Dow Jones Newswires
November 21, 2023 16:57 ET (21:57 GMT)
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