Autodesk beat profit and sales estimates, fueled by demand for design software for artificial intelligence data centers. Billings exceeded forecasts, with a 36% jump to $1.68 billion. Revenue rose 17% to $1.76 billion, and adjusted EPS hit $2.62. Product sales in various segments saw double-digit growth, with Architecture, Engineering, Construction, and Operations software sales up 23% to $878 million. The company raised its full-year outlook for adjusted EPS to $9.80-$9.98, revenue to $7.025-$7.075 billion, and billings to $7.355-$7.445 billion. Shares surged 8% on the news, putting Autodesk in positive territory for the year.
Read more at Yahoo Finance: Autodesk Stock Drives Higher on Strong Demand for Firm’s Design Software
