Autodesk Reaffirms First Quarter And Fiscal Year 2020 Outlook At Annual Investor Day
September 27 23:08:40, 2025
SAN RAFAEL, Calif., March 28, 2019 /PRNewswire/ — Autodesk, Inc. (NASDAQ: ADSK) has updated its financial outlook for the first quarter and fiscal year 2020 during its Investor Day event, which took place today at the Autodesk Gallery in San Francisco. The company emphasized its confidence in the future, citing strong performance from the previous fiscal year as a solid foundation.
Andrew Anagnost, President and CEO of Autodesk, joined several members of the leadership team to discuss key areas of growth, including cloud-based solutions for construction and manufacturing, the transition to a recurring revenue model, and strategic initiatives aimed at long-term sustainable growth. The session began at 8:30 a.m. Pacific Time and was available via live webcast for those unable to attend in person.
“I’m confident about our path forward in fiscal 2020,†said Anagnost. “With the business model shift largely behind us, we’re excited to share more details on how we plan to drive consistent growth in revenue and cash flow over the next few years.â€
**Business Outlook**
The following statements are forward-looking and based on current expectations. They involve risks and uncertainties, as outlined in the Safe Harbor Statement below.
**First Quarter Fiscal 2020**
- Revenue: $735 – $745 million
- EPS GAAP: $0.06 – $0.10
- EPS non-GAAP: $0.44 – $0.48
**Full Year Fiscal 2020**
- Total Annual Recurring Revenue (ARR): $3,500 – $3,550 million (up 27%–29%)
- Billings: $4,050 – $4,150 million (up 50%–53%)
- Revenue: $3,250 – $3,300 million (up 26%–28%)
- GAAP Spend Growth: ~10%
- Non-GAAP Spend Growth: ~9%
- EPS GAAP: $1.12 – $1.31
- EPS non-GAAP: $2.71 – $2.90
- Free Cash Flow: ~$1.35 billion
**Investor Day Webcast**
For those interested in attending virtually, the live webcast of the Investor Day is available at www.autodesk.com/investors starting at 8:30 a.m. PT. A replay of the event will also be available later that day and will remain accessible on the website for at least one year.
**Safe Harbor Statement**
This press release contains forward-looking statements that involve risks and uncertainties. These include, but are not limited to, expectations regarding ARR growth, financial performance, and the success of the company’s business model transition. Actual results could differ materially due to various factors such as market conditions, economic changes, competition, and other external influences.
For more detailed information on potential risks, please refer to Autodesk’s Annual Report on Form 10-K for the fiscal year ended January 31, 2019, filed with the SEC.
**About Autodesk**
Autodesk develops software used by professionals across industries to design, build, and create. From automotive engineering to architecture, film production, and more, Autodesk empowers users to bring their ideas to life. Learn more at autodesk.com or follow @autodesk on social media.
*Autodesk, AutoCAD, BIM 360, and Fusion 360 are registered trademarks of Autodesk, Inc. All other brand names, product names, or trademarks belong to their respective owners. Autodesk reserves the right to change product offerings, specifications, and pricing without notice. This document may contain typographical or graphical errors.*
© 2019 Autodesk, Inc. All rights reserved.
SOURCE: Autodesk, Inc.
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