Autodesk (ADSK) Tops Q2 EPS by 18c; Guides FY17 Above Views

Autodesk (NASDAQ: ADSK) reported Q2 EPS of $0.05, $0.18 better than the analyst estimate of ($0.13). Revenue for the quarter came in at $550.7 million versus the consensus estimate of $512.07 million.

Total subscriptions increased 109,000 from the first quarter of fiscal 2017 to 2.82 million at the end of the second quarter. New model subscriptions increased 125,000 from the first quarter of fiscal 2017 to 692,000.

GUIDANCE:

Autodesk sees Q3 2017 EPS of ($0.27)-($0.24), versus the consensus of ($0.29). Autodesk sees Q3 2017 revenue of $470-485 million, versus the consensus of $468.5 million.

Autodesk sees FY2017 EPS of ($0.70)-($0.55), versus the consensus of ($0.82). Autodesk sees FY2017 revenue of $2.00-2.05 billion, versus the consensus of $1.99 billion.

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

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