Autodesk: raises annual targets

(CercleFinance.com) - On its quarterly earnings call on Thursday evening, Autodesk raised its annual targets, now targeting non-GAAP EPS of $8.
18 to $8.31, as well as revenues of $6.08bn to $6.13bn (i.e. up around 11%).

For Q2, the software publisher posted non-GAAP EPS of $2.15, up almost 13% y-o-y, with a non-GAAP operating margin that improved one point to 37%.

Buoyed by growth close to or above 10% in all regions, sales rose by 12% to $1.51bn (+13% at constant exchange rates), with recurring revenues representing almost all (97%) of the total.


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