Piper Jaffray Maintains Neutral Rating On Autodesk

According to Piper Jaffray, Autodesk ADSK reported slight Q1 revenue and EPS upside relative to the Street. Piper Jaffray said that the Q2 outlook was mixed, implying upside to revenue and slight downside to EPS, similar to last quarter's guidance. “The company raised its FY12 revenue expectations to 12% growth, up from previous guidance of 10% y/y growth, and ahead of the Street at 11% growth. We maintain our Neutral rating on ADSK, but raise our PT from $43 to $44.” Autodesk closed yesterday at $44.39.