Autodesk reported strong results with revenue of $1.51 billion in the quarter that ended in July.
Graphic courtesy of Autodesk Inc.
Autodesk reported its second-quarter results on August 29, including earnings of $2.15 per share that beat analysts’ expectations of $2 per share and compared to $1.91 per share that reported a year ago. Figures are adjusted for non-recurring items. The construction software company and its executives also grew revenue 13% in constant currency for the first two quarters of the year.
After its first-quarter results were delayed because the company didn’t have initial deals with customers, including design firms and contractors that buy company-wide licenses, activist investor Starboard Value ask to replace CEO Andrew Anagnost and his leadership team in a letter to company board members. Starboard also said it would consider a lawsuit over the accounting review. Its officials could not be reached for further comment.
ENR Associate Technology, Equipment and Products Editor Jeff Yoders has been writing about design and construction innovations for 20 years. He is a five-time Jesse H. Neal Award winner and multiple ASBPE winner for his technology coverage. Jeff previously wrote about building technology for the structural engineer, CE News, and Building Design + Construction. He also wrote about materials pricing, construction contracting and estimating for MetalMiner.com. He lives in Chicago, the birthplace of the skyscraper, where the pace of innovation never leaves him without a story to chase.
