Autodesk (ADSK) reported strong second-quarter fiscal 2025 results, exceeding both revenue and earnings expectations. The company’s performance was driven by robust growth across its Architecture, Engineering, and Construction (AEC) and Manufacturing segments. However, the Media and Entertainment sector faced headwinds due to the lingering effects of the Hollywood strike.
Results for: Autodesk
Autodesk, a leading software company, reported strong second-quarter results, exceeding analysts’ estimates for both earnings and revenue. The company also raised its full-year guidance, indicating continued strong momentum and confidence in its long-term growth prospects.
Autodesk Inc. (ADSK) delivered strong second-quarter financial results, exceeding both revenue and earnings estimates. The company’s revenue grew 12% year-over-year, driven by increased global reconstruction and infrastructure activity. Autodesk also raised its guidance for the third quarter and full year, indicating continued strong momentum and growth.
Autodesk’s stock closed slightly lower in recent trading, but remains strong in the longer term. The company is set to report earnings on August 29th, and analysts anticipate growth in both earnings and revenue. While Autodesk currently holds a Zacks Rank of #3 (Hold), its valuation metrics suggest it aligns with its industry peers.
A class action lawsuit has been filed against Autodesk Inc. (ADSK) alleging that the company made materially false and misleading statements about its internal controls and financial performance during the period between June 1, 2023, and April 16, 2024. The lawsuit claims that Autodesk lacked adequate internal controls, leading to issues with its free cash flow and non-GAAP operating margin practices. As a result, the company’s statements about its business and prospects were allegedly false and misleading.