Autodesk reports strong Q1, says new business is accelerating

▤ Summary

Autodesks first quarter financial results topped analyst expectations as the company said new business is accelerating and its subscription model is strong. Wall Street was looking for earnings of 94 cents per share on revenue of $965.1 million. Analysts expect the company to report fiscal earnings of $4.94 per share and revenue of $4.31 billion. "Momentum in our end markets and customer adoption of cloud services is building," said Debbie Clifford, Autodesk CFO. "We are raising our FY22 revenue guidance to reflect a partial year contribution from acquisitions and remain on track to achieve our FY23 financial goals."

▦ Linked Companies

Evolver

up to $1M