shares rose early Wednesday after the company raised guidance for the coming quarters and full year, saying it is seeing a broad-based increase in demand for its software.
"Once again, our fiscal year is off to a very strong start," the company said. "We are seeing increased global demand across all of our industries. In March, we launched the strongest portfolio of products in our 23-year history and customer response has been terrific."
For the first quarter, the California-based company expects revenue of $340 million to $350 million and EPS of 27 cents to 29 cents. Analysts expect $338.7 million and 27 cents a share, respectively, according to Thomson First Call.
For the second quarter, the company sees revenue of $335 million to $345 million with EPS of 21 cents to 23 cents. The consensus estimate is $331.6 million and 23 cents, respectively.
AutoDesk forecast full-year 2006 revenue of $1.42 billion to $1.47 billion and EPS of $1.10 to $1.15, adding that it does not reflect the impact of employee stock compensation expensing, which is expected to be required beginning in the fiscal third quarter of 2006.
Wall Street expects the company to earn $1.09 a share on revenue of $1.39 billion.
In the premarket, shares were up $1.11, or 3.6%, to $32.00.