Autodesk (NASDAQ: ADSK) reported Q1 EPS of $1.03, $0.09 better than the analyst estimate of $0.94. Revenue for the quarter came in at $989 million versus the consensus estimate of $965.17 million.

"An acceleration in new business, solid execution, and a resilient subscription business model delivered a strong start to the new fiscal year," said Andrew Anagnost, Autodesk president and CEO. "As the world rebuilds after the pandemic, Autodesk's purpose – a better world designed and made for all – has never been more important, and underpins our confidence this year and well into the future."

"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."

GUIDANCE:

Autodesk sees Q2 2022 EPS of $1.08-$1.14, versus the consensus of $1.13. Autodesk sees Q2 2022 revenue of $1.045-1.06 million, versus the consensus of $1.03 million.

Autodesk sees FY2022 EPS of $4.67-$4.97, versus the consensus of $4.94. Autodesk sees FY2022 revenue of $4.305-4.385 million, versus the consensus of $4.31 million.

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