Autodesk (ADSK) Tops Q3 EPS by 3c

Autodesk (NASDAQ: ADSK) reported Q3 EPS of $0.25, $0.03 better than the analyst estimate of $0.22. Revenue for the quarter came in at $618 million versus the consensus estimate of $601.8 million.

Autodesk sees Q3 2015 EPS of $0.22-$0.25, versus the consensus of $0.3. Autodesk sees Q3 2015 revenue of $640-655 million, versus the consensus of $635.45 million.

Autodesk sees FY2015 EPS of $1.15-$1.18, versus the consensus of $1.20.

"Strong billings and revenue growth was driven by strength in several areas including suites, our Architecture, Engineering and Construction (AEC) and Manufacturing business segments, large deal activity, and double-digit growth in all three of our major geographies on a constant currency basis," said Carl Bass, Autodesk president and CEO. "We continue to make meaningful progress in our transition to a more recurring, subscription-based business, adding approximately 121,000 subscriptions and more flexible enterprise license agreements. As a result, deferred revenue increased significantly to a record $1 billion. These strong results have led us to raise our outlook for billings and revenue for fiscal 2015 for the third time this year."

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

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