By Allison Prang

 

Autodesk Inc. raised its fiscal-year guidance for billings and revenue but lowered its outlook for earnings and operating margin.

The company said it expects revenue to increase between 14% and 16% to between $4.305 billion and $4.385 billion. It was expecting it to rise between 13% and 15%. According to FactSet, analysts are expecting $4.31 billion.

Autodesk is now expecting billings to rise between 19% and 22% to between $4.93 billion and $5.055 billion. It was expecting billings to rise between 17% and 20%.

The company now expects earnings to be between $2.14 a share and $2.44 a share. It was expecting them to be between $2.39 and $2.69 a share.

The company expects adjusted earnings to be between $4.67 a share and $4.97 a share. It was expecting between $4.78 a share and $5.08 a share. Analysts are expecting $4.95 a share.

Autodesk now expects its operating margin to be between 14% and 15% and for its adjusted operating margin to be between 30% and 31%. It was expecting its operating margin to be between 17% and 18% and for its adjusted operating margin to be between 31% and 32%.

 

Write to Allison Prang at allison.prang@wsj.com

 

(END) Dow Jones Newswires

May 27, 2021 16:48 ET (20:48 GMT)

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