Autodesk (ADSK) Q1 Earnings and Sales Surpass Expectations
Autodesk(ADSK) ZACKS·2024-06-12 23:10
Autodesk (ADSK) reported first-quarter fiscal 2025 non-GAAP earnings of $1.87 per share, which beat the Zacks Consensus Estimate by 5.06% and improved 20.6% year over year.The company reported revenues of $1.42 billion, which beat the consensus mark by 1.46%. The figure grew 11.7% year over year. The upside was driven by steady subscription renewal rates, new business growth and strong competitive performance.Top-Line DetailsAutodesk’s subscription revenues (93.9% of total revenues) increased 11.5% year ove ...