Autodesk (ADSK) reported earnings Thur 18 May 2017 (a/h)

** charts before earnings **

  

** charts after earnings **

 

** 2nd day after earnings **

Autodesk beats by $0.07, beats on revs; guides Q2 EPS in-line, revs above consensus; reaffirms FY18 EPS guidance, revs guidance:

• Reports Q1 (Apr) loss of $0.16 per share, excluding non-recurring items, $0.07 better than the Capital IQ Consensus of ($0.23); revenues fell 5.1% year/year to $485.7 mln vs the $470.27 mln Capital IQ Consensus.
• Co issues guidance for Q2, sees EPS of ($0.18) - ($0.14), excluding non-recurring items, vs. ($0.15) Capital IQ Consensus Estimate; sees Q2 revs of $488-500 mln vs. $488.08 mln Capital IQ Consensus Estimate.
• Co reaffirms guidance for FY18, sees EPS of ($0.73) - ($0.56), excluding non-recurring items, vs. ($0.60) Capital IQ Consensus Estimate; sees FY18 revs of $2.000-2.050 bln vs. $2.02 bln Capital IQ Consensus Estimate.
• Subscription plan (formerly known as new model) subscriptions increased 233,000 from the fourth quarter of fiscal 2017 to 1.32 million at the end of the first quarter.
• Deferred revenue increased 18 percent to $1.80 billion, compared to $1.52 billion in the first quarter last year.
• Total recurring revenue in the first quarter was 90 percent of total revenue compared to 72 percent of total revenue in the first quarter last year.