Categories AlphaGraphs, Earnings, Technology
Infographic: Everything you need to know about Autodesk’s Q3 results
Autodesk, Inc. (NASDAQ: ADSK) has reported third-quarter revenues and earnings that matched analysts’ estimates. The results benefitted from a double-digit increase in billings.
Adjusted earnings of the San Rafael-based design software company rose to $1.70 per share in the October quarter from $1.34 per share in the corresponding period of last year, meeting the consensus estimates. On a reported basis, net income was $198 million or $0.91 per share in the latest quarter, compared to $137 million or $0.62 per share in the third quarter of 2022.
The company reported total revenues of $1.28 billion for the latest quarter, which is up 14% from the prior-year period. The top line also came in line with the market’s forecast.
Check this space to read management/analysts’ comments on Autodesk’s Q3 2023 earnings
“We recently announced Autodesk Fusion, Forma, and Flow, our three industry clouds, which will connect data, teams, and workflows in the cloud on our trusted platform. Increasing our engineering velocity, moving data from files to the cloud, and expanding our third-party ecosystem, will enable Autodesk to further increase customer value by delivering even greater efficiency and sustainability,” said Autodesk’s CEO Andrew Anagnost.
Prior Performance
_________________________________________________________________________________________________________________
Stocks you may like:
International Business Machines Corp. (IBM) Stock
_________________________________________________________________________________________________________________
Most Popular
Key takeaways from General Mills’ Q3 2023 earnings report
Shares of General Mills Inc. (NYSE: GIS) were up nearly 3% on Thursday after the company delivered better-than-expected results for the third quarter of 2023 and raised its full-year guidance
FIVE Stock: Five Below is likely to continue the good show this year
For Five Below Inc. (NASDAQ: FIVE), the holiday season was more rewarding than expected as the high inflation and stressed personal finances made customers seek value. Earlier, the discount store
Earnings: Chewy (CHWY) swings to profit in Q4 on higher revenues
Chewy Inc. (NYSE: CHWY) has reported higher sales for the fourth quarter of 2022. Reflecting the strong top-line growth, the pet food company turned to profit from a loss last