Autodesk (NASDAQ:ADSK) witnessed a rise of over 3% in its share price intra-day today subsequent to the announcement of its Q2 results.
The company’s earnings per share (EPS) amounted to $1.91, surpassing the Street estimate of $1.73. Revenue demonstrated a year-over-year growth of 9%, reaching $1.35 billion, which exceeded the anticipated consensus of $1.32 billion.
However, billings experienced an 8% decline, totaling $1.095 billion. Current remaining performance obligations reached $3.5 billion, indicating a substantial year-over-year growth of 12%.
For the third quarter of 2024, Autodesk anticipates that EPS will fall within the range of $1.97 to $2.03, which compares favorably to the Street estimate of $1.92. Additionally, the company foresees revenue in the range of $1.38 billion to $1.395 billion, compared to the Street estimate of $1.38 billion.
Turning to the entire fiscal year, Autodesk expects EPS to range from $7.30 to $7.49, exceeding the Street estimate of $7.28. Furthermore, the company projects its revenue for the full year to be between $5.405 billion and $5.455 billion, compared to the Street estimate of $5.41 billion.