Autodesk (NASDAQ: ADSK) reported second-quarter financial results after the closing bell on Tuesday. The software company reported a 15% increase in Q2 revenue to $913 billion, beating Wall Street consensus. Net earnings of $0.98 per share also surpassed what analysts had anticipated.
However, ADSK shares fell 2.5% immediately following the announcement, on a 12% decline in billings. The stock has increased by 34% so far this year.
CFO Scott Herren said, “As a result of our adaptability, outstanding execution in a difficult environment, and healthy renewal rates, we delivered 15 percent year-over-year growth in revenue, expanded our operating margin by 5 percentage points, and delivered robust free cash flow.”
Prior performance
_____
Most Popular
NFLX Earnings: Netflix Q1 2025 revenue and profit beat estimates
Netflix, Inc. (NASDAQ: NFLX) on Thursday reported stronger-than-expected revenue and earnings for the first quarter of 2025, as its subscriber base continued to expand. Both revenue and the bottom line
Another tough quarter in the cards as Intel prepares for Q1 2025 earnings
Intel Corporation (NASDAQ: INTC) has been facing intense competition from rivals Nvidia in AI chips and AMD in CPUs, lately. The Semiconductor giant issued weak guidance after reporting lower revenues
What to expect when American Airlines (AAL) reports Q1 2025 earnings results
Shares of American Airlines Group (NASDAQ: AAL) stayed red on Thursday. The stock has dropped 48% over the past three months. The airline is slated to report its earnings results
