Autodesk Reaffirms First Quarter And Fiscal Year 2020 Outlook At Annual Investor Day
September 27 23:11:07, 2025
SAN RAFAEL, Calif., March 28, 2019 /PRNewswire/ — Autodesk, Inc. (NASDAQ: ADSK) has confirmed its financial outlook for the first quarter and fiscal year 2020 during its Investor Day event, which is currently taking place at the Autodesk Gallery in San Francisco. The company provided updated guidance as part of its strategic review with investors.
Andrew Anagnost, President and CEO of Autodesk, will be joined by key members of the leadership team to discuss core markets, product developments, cloud-based opportunities in construction and manufacturing, the recurring revenue model, and long-term growth strategies aimed at boosting annualized recurring revenue and free cash flow. The event started at 8:30 a.m. Pacific Daylight Time and was available via live webcast.
"We entered fiscal 2020 with strong momentum from the end of fiscal 2019," said Anagnost. "With our business model transition now behind us, we are excited to share more details on how we plan to drive sustainable growth over the next several years."
**Business Outlook**
The following statements represent forward-looking information based on current expectations and assumptions. These statements involve risks and uncertainties, some of which are outlined below under the Safe Harbor Statement. Autodesk's outlook for Q1 and FY20 assumes continued economic and foreign exchange stability.
**Q1 FY20 Guidance**
- Revenue: $735 – $745 million
- GAAP EPS: $0.06 – $0.10
- Non-GAAP EPS: $0.44 – $0.48
**FY20 Guidance**
- Total 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%
- GAAP EPS: $1.12 – $1.31
- Non-GAAP EPS: $2.71 – $2.90
- Free Cash Flow: ~$1.35 billion
**Investor Day Webcast**
Investors can watch the live webcast of the event starting at 8:30 a.m. PT today at [www.autodesk.com/investors](http://www.autodesk.com/investors). A replay and podcast will be available later today and remain accessible for at least 12 months.
**Safe Harbor Statement**
This press release includes forward-looking statements that involve risks and uncertainties. Actual results may differ materially due to factors such as market conditions, competition, regulatory changes, and other risks detailed in Autodesk’s filings with the SEC. The company disclaims any obligation to update these statements.
**About Autodesk**
Autodesk develops software used by professionals across industries—from architects and engineers to filmmakers and manufacturers. Their tools help bring ideas to life. Learn more at [autodesk.com](http://autodesk.com) or follow @autodesk.
*Autodesk, AutoCAD, BIM 360, and Fusion 360 are registered trademarks of Autodesk, Inc. All other trademarks are the property of their respective owners.*
© 2019 Autodesk, Inc. All rights reserved.
SOURCE: Autodesk, Inc.
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