Autodesk, Inc. had an impressive start to fiscal 2025, with a 12% increase in first-quarter revenue to $1.42 billion, surpassing analyst expectations. The company also exceeded estimates for adjusted earnings per share (EPS), reporting $1.87 compared to the consensus of $1.74.
The growth in revenue demonstrates Autodesk’s continued expansion in the market, particularly in areas such as 3D AI and cloud platforms. CEO Andrew Anagnost highlighted the company’s generative AI capabilities, which can quickly create functional 3D shapes from various inputs, solidifying Autodesk’s position as a leader in the industry.
Although total billings saw a 5% decrease to $1.11 billion, the current remaining performance obligations increased by 12% year over year to $3.9 billion, indicating a promising future revenue pipeline.
Looking ahead to the second quarter of fiscal 2025, Autodesk anticipates revenue between $1.475 billion and $1.490 billion, with adjusted EPS expected to range from $1.98 to $2.04. The full-year guidance for fiscal 2025 projects a revenue growth of 9% to 11%, with a range of $5.99 billion to $6.09 billion.
Autodesk’s strategic focus on innovation and customer satisfaction is evident in its performance and forward-looking statements. The company aims to achieve an industry-leading ‘Rule of Forty’ ratio of 45 or more, which combines growth and profitability metrics.
While investors have yet to react to the news, the positive earnings report and strong guidance for future quarters suggest optimism for Autodesk’s financial trajectory. The stock movement percentage was not provided at the time of this article.
Overall, Autodesk’s strong financial results and strategic outlook position the company for continued success in fiscal 2025 and beyond.