By Ben Glickman

 

Autodesk raised the lower end of its full-year guidance after third-quarter revenue and profit rose more than expected.

The San Francisco-based design software company now expects earnings per share of $3.88 to $3.94 for fiscal 2024, compared with previous guidance of $3.75 to $3.94. Analysts polled by FactSet expect $3.87 a share.

Autodesk now expects revenue of $5.45 billion to $5.465 billion for the fiscal year, compared with prior guidance of $5.405 billion to $5.455 billion. Analysts expect full-year sales of $5.435 billion, according to FactSet.

Autodesk's revenue and profit both rose in the fiscal third quarter, as the company saw larger-than-expected increases in agreements with existing customers.

 

Write to Ben Glickman at ben.glickman@wsj.com

(END) Dow Jones Newswires

November 21, 2023 16:57 ET (21:57 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.
Autodesk (NASDAQ:ADSK)
Gráfico Histórico do Ativo
De Mar 2024 até Abr 2024 Click aqui para mais gráficos Autodesk.
Autodesk (NASDAQ:ADSK)
Gráfico Histórico do Ativo
De Abr 2023 até Abr 2024 Click aqui para mais gráficos Autodesk.