Autodesk Pops on Q2 Earnings Results

Shares of Autodesk ADSK are trading higher in the after-hours following the release of the company's Q2 earnings results. Currently, shares are higher by 4.11%, trading at $27.60; they ended the regular session lower by 8.11%, at $26.51. Autodesk reported non-GAAP Q2 EPS of $0.44 (GAAP EPS of $0.30) on revenues of $546 million. Revenues increased 16% year over year. Cash flow from operating activities was $132 million, compared to $112 million in the second quarter of fiscal 2011. "We experienced strong demand across all geographies and business segments with growth led by our Asia Pacific region," said Carl Bass, Autodesk president and CEO. "Our manufacturing business segment had its largest revenue quarter ever and continues to be our fastest growing segment. Our AEC business segment returned to strong growth in the second quarter as the building and construction industries continue to standardize on Building Information Modeling. And our newly launched design and creation suites are off to a terrific start, helping drive our overall revenue growth." Autodesk, Inc. is a design software and services company.