Recap: Autodesk Q2 Earnings

Shares of Autodesk ADSK fell 2% after the company reported Q2 results.

Quarterly Results

Earnings per share increased 50.77% over the past year to $0.98, which beat the estimate of $0.90.

Revenue of $913,100,000 up by 14.60% year over year, which beat the estimate of $899,250,000.

Outlook

Autodesk Sees Q3 EPS $0.91-$0.97 Vs. $0.95 Est., Sales $930M-$945M Vs. $939.19M Est.

Autodesk Sees FY21 Adj. EPS $3.72-$3.90 vs $3.78 Est., Billings $4.07B-$4.17B, Sales $3.715B-$3.765B vs $3.73B Est.

Details Of The Call

Date: Aug 25, 2020

Time: 05:00 PM

ET Webcast URL: https://edge.media-server.com/mmc/p/oc4aaxwf

Price Action

Company's 52-week high was at $253.47

Company's 52-week low was at $125.38

Price action over last quarter: Up 24.33%

Company Profile

Founded in 1982, Autodesk is an application software company that serves industries in architecture, engineering, and construction; product design and manufacturing; and media and entertainment. Autodesk software enables design, modeling, and rendering needs of these industries. The company has over 4 million paid subscribers across 180 countries.