Shares of Autodesk Inc. rose after hours on Thursday after the developer of 3-D design software reported fiscal fourth-quarter results that topped expectations.
The company, whose software is used by architects and engineers to plan out projects, reported fourth-quarter net income of $282 million, or $1.31 a share, compared with $293 million, or $1.35 a share, in the same quarter last year.
Adjusted for stock-based compensation, amortization, acquisition-related costs and other matters, Autodesk
ADSK,
earned $2.09 a share, above FactSet estimates for $1.95.
Revenue rose 11% year over year to $1.47 billion, above FactSet estimates for $1.43 billion.
The company said it expected full-year fiscal 2025 sales of $5.99 billion to $6.09 billion, above Wall Street’s forecasts for $5.96 billion. Management forecast adjusted earnings per share of $7.89 to $8.11, a bit below FactSet estimates for $8.12.
Autodesk forecast full-year billings of $5.81 billion to $5.96 billion, with the midpoint just above analyst expectations for $5.836 billion.
Shares rose 5.1% after hours.
“Having led the industry in generative design, we are leading again in 3D generative AI,” Chief Executive Andrew Anagnost said in a statement.
“Our new multimodal foundation models will enable design and make customers to automate low-value and repetitive tasks and generate more high-value, complex designs more rapidly and with much greater consistency,” he continued. “We can already generate 3D representations from images 10 times faster and with vastly higher quality than currently available 3D AI.”
He added: “Autodesk remains resilient and underlying demand for our products and services is robust.”
