Autodesk Affirms Profit Outlook

It sees first-quarter operating earnings of 30 cents to 32 cents a share.
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Autodesk

(ADSK) - Get Report

, the engineering-software maker whose shares are off 12% this year, on Wednesday reaffirmed earnings guidance for the current quarter and fiscal year.

Ahead of an investor conference Wednesday, Autodesk said it expects to earn 30 cents to 32 cents a share in the first quarter, excluding stock options expense and amortization, on sales of $425 million to $435 million. Analysts were expecting 32 cents a share on $431.3 million, according to Thomson First Call. The quarter ends this month.

"With nearly four weeks remaining in its fiscal first quarter, the company indicated that it is experiencing growth across divisions and all geographies," Autodesk said. It cited revenue from "new seats, increasing adoption of 3D, continued success of its subscription program and the growing opportunity in emerging economies."

For the second quarter, Autodesk expects to earn 34 cents to 36 cents a share, excluding items, on sales of $440 million to $450 million. Analysts were expecting 35 cents a share on sales of $446.7 million.

For the year ending next January, the company expects to earn $1.45 to $1.50 a share. Analysts were forecasting $1.47 a share. Autodesk sees earnings rising by 18% to 20% in the fiscal year.

"I have never seen Autodesk better positioned," said CEO Carol Bartz in a statement.