Autodesk: Q2 EPS up 16%

(CercleFinance.com) - On Wednesday evening, Autodesk reported non-GAAP EPS of $1.
91 for Q2, up nearly 16% y-o-y, with a stable non-GAAP operating margin of 36%.

Driven by double-digit growth in the Americas (+14%), the software publisher's sales rose by 9% to over $1.34bn (+12% at constant exchange rates), with recurring revenues accounting for 98% of the total.

Autodesk has raised the lower limit of its target ranges, and now expects FY non-GAAP EPS of $7.30 to $7.49, as well as revenue growth of 8% to 9%.


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