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Autodesk (ADSK) Tops Q2 EPS by 2c; Issues Light Q3 Outlook

August 27, 2015 4:02 PM EDT

Autodesk (NASDAQ: ADSK) reported Q2 EPS of $0.19, $0.02 better than the analyst estimate of $0.17. Revenue for the quarter came in at $609.5 million versus the consensus estimate of $612.13 million.

Autodesk sees Q3 2016 EPS of $0.05 - $0.10, versus the consensus of $0.23. The company sees Q3 revenue of $580 - $600 million, versus the consensus at $628.3 million.

Autodesk sees FY2016 EPS of $0.60-$0.72, versus the consensus of $1.04. ADSK sees FY16 revenue of $2.465 - $2.505 billion, with estimates at $2.59 billion.

Autodesk also announced that it signed an agreement to acquire SeeControl, a San Francisco-based developer of an enterprise Internet of Things (IoT) cloud service platform. The SeeControl service helps manufacturers and systems integrators connect, analyze, control, and manage remote products, things, and assets and create new service revenue opportunities.

For earnings history and earnings-related data on Autodesk (ADSK) click here.



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