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Autodesk (NASDAQ:) shares rose more than 7% after-hours following the company’s reported , with EPS of $1.91 coming in better than the consensus estimate of $1.73.
Revenue grew 9% year-over-year (up 12% at constant exchange rates) to $1.35 billion, beating the consensus estimate of $1.32B. Total billings fell 8% to $1.095B. Current remaining performance obligations were $3.5B, representing a 12% year-over-year growth.
“Our sustained momentum in the second quarter, and early expansion of some enterprise business agreements expected to renew later in the year, reduce the likelihood of our more cautious forecast scenarios. Given that, we are raising the lower end of our guidance ranges,” said CFO Debbie Clifford.
For Q3/24, the company expects EPS in the range of $1.97-$2.03, compared to the consensus of $1.92, and revenue in the range of $1.38-$1.395B, compared to the consensus of $1.38B.
For the full year, the company expects EPS of $7.30-$7.49, compared to the consensus of $7.28, and revenue of $5.405-$5.455B, compared to the consensus of $5.41B.
