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Benzinga
Benzinga
Business
Anusuya Lahiri

Autodesk's Strong Quarter Validates Analyst Optimism As Infrastructure, AI Drive Gains

Autodesk Blair Abernethy Matthew Hedberg ADSK AEC RBC Capital Markets Rosenblatt
Autodesk, Konskie,,Poland,-,November,18,,2024:,Autodesk,Company,Logo,Displayed

Autodesk, Inc (NASDAQ:ADSK) posted a strong third quarter with double-digit revenue and billings growth, expanded profitability, and a higher full-year outlook as demand for its Architecture, Engineering, and Construction (AEC) and cloud-based design tools continues to surge.

The company reported strong third-quarter fiscal 2026 results, with revenue rising 18% year-over-year to $1.85 billion, surpassing the $1.81 billion estimate.

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