Autodesk Q1 Adj. Profit Beats Estimate; Issues Q2 Outlook - Quick Facts

(RTTNews) - Autodesk, Inc. (ADSK) reported first-quarter net income of $28.3 million or $0.12 per share, compared to $55.6 million or $0.24 per share for the year-ago quarter.

Excluding items, adjusted net income for the latest first quarter declined to $73.8 million or $0.32 per share, compared to $96.3 million or $0.42 per share in the prior year quarter. On average, 18 analysts polled by Thomson Reuters expected the company to earn $0.21 per share. Analysts' estimates typically exclude special items.

Revenue for the third quarter grew 4% to $592.5 million from $570.4 million in the comparable quarter last year, while sixteen analysts expected revenue of $568.58 million for the first quarter.

Looking forward to the second quarter, the company forecast earnings of $0.05 to $0.10 per share, adjusted earnings of $0.25 to $0.30 per share and revenue of $595 million to $610 million. Analysts currently expect the company to earn $0.28 per share on revenue of $576.32 million for the second quarter.

For fiscal year 2015, the company forecasts revenue growth of 4 to 6%.