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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Autodesk Inc | NASDAQ:ADSK | NASDAQ | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -1.08 | -0.49% | 219.2013 | 218.95 | 220.27 | 252 | 13:14:34 |
From May 2023 to May 2024
By Ben Glickman
Autodesk's revenue rose in the third quarter as the company was boosted by expansions from existing clients.
The San Francisco-based design software company posted a profit of $241 million, or $1.12 a share, in the third quarter, compared with $198 million, or 91 cents a share, a year earlier. Analysts polled by FactSet expected per-share earnings of $1.05.
Stripping out certain one-time items, adjusted per-share earnings came to $2.07, ahead of the $1.99 forecast by analysts, according to FactSet.
Revenue rose 10% to $1.41 billion, beating the $1.39 billion expected by analysts polled by FactSet.
The company's total billings fell 11% in the quarter to $1.2 billion.
Chief Financial Officer Debbie Cliffordsaid that market conditions and the "underlying momentum of the business" was steady compared to previous quarters. She said results were boosted by larger-than-expected expansions of existing enterprise agreements.
Write to Ben Glickman at ben.glickman@wsj.com
(END) Dow Jones Newswires
November 21, 2023 16:27 ET (21:27 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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