Categories AlphaGraphs, Earnings, Technology
Infographic: Highlights of Autodesk’s (ADSK) Q3 2021 earnings
Design software company Autodesk, Inc. (NASDAQ: ADSK) Tuesday said its third-quarter profit increased, helped by strong revenue growth. Earnings also exceeded analysts’ forecast.
The San Rafael, California-based tech firm reported adjusted earnings of $1.04 per share for the October-quarter, higher than $0.78 per share reported in the year-ago quarter and above analysts’ consensus forecast. Net income rose to $132.2 million or $0.59 per share from $66.7 million or $0.30 per share in the third quarter of 2020.
At $952 million, third-quarter revenues were up 13% from last year. The top-line also surpassed the market’s projection.
Read management/analysts’ comments on Autodesk’s Q3 results
Shares of Autodesk gained 38% so far this year. The stock dropped on Tuesday evening soon after the earnings release, after closing the regular trading session higher.
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
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