NEW YORK (TheStreet) -- After Thursday's market close, Autodesk (ADSK) - Get Report delivered financial results that exceeded expectations for the fiscal 2016 fourth quarter.

The San Rafael, CA-based software and services company posted a profit of 21 cents per share on revenue of $648.3 million for the quarter ended January 31.

Analysts had estimated earnings of 11 cents per share on revenue of $634.92 million for the latest quarter.

"We had a terrific fourth quarter and our results demonstrate that our business model transition is working," CEO Carl Bass said in a statement. "Broad-based demand also led to better than expected subscription additions in the fourth quarter with new model offerings representing well over half of the subscriptions."

Additionally, Autodesk issued disappointing guidance for the fiscal 2017 first quarter this afternoon.

The company expects to report a loss of 12 cents to 17 cents per share for the quarter, below estimates of a loss of 8 cents per share.

Revenue outlook was set at $500 million to $520 million for the quarter ended April 30, compared with estimates of $537.29 million.

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Shares of Autodesk closed up 0.49% to $49.42 on Thursday.

Separately, Autodesk has a "hold" rating and a letter grade of C- at TheStreet Ratings because of the company's strengths, such as largely solid financial position with reasonable debt levels by most measures and expanding profit margins, and its weaknesses, including deteriorating net income, disappointing return on equity and weak operating cash flow.

You can view the full analysis from the report here: ADSK

TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

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