Autodesk Inc. (NASDAQ:ADSK) rose 9% on Friday after the software maker posted stronger-than-expected fiscal second-quarter results and raised its full-year guidance, driven by strength in its architecture, engineering, construction, and operations (AECO) unit.
Adjusted EPS came in at $2.62, topping estimates of $2.45. Revenue rose 17% year-over-year (18% in constant currency) to $1.76 billion, above expectations of $1.72 billion. Growth was supported by investments in data centers, infrastructure, and industrial projects.
The AECO segment posted revenue growth of 23% to $878 million. Billings increased 36% to $1.68 billion, while free cash flow more than doubled to $451 million.
Autodesk lifted its full-year revenue forecast to $7.025–$7.075 billion from $6.97 billion previously and raised EPS guidance to $9.80–$9.98 from $9.66. For Q3, it projected revenue of $1.80–$1.81 billion and EPS of $2.48–$2.51, both ahead of consensus.
