Overview

• Revenue rose 17% to $1.76 billion and adjusted earnings reached $2.62 per share, both above estimates.
• Billings jumped 36% to $1.68 billion, with AECO software up 23%, AutoCAD up 13%, Make up 20%, and Design products up 17%.
• Full-year guidance increased to $7.03–$7.08 billion in revenue and $9.80–$9.98 in adjusted EPS, with billings now projected at $7.355–$7.445 billion.
• CFO Janesh Moorjani cited robust spending on data centers, infrastructure, and industrial buildings offsetting softness in commercial markets.
• Shares gained about 8% as firms including Piper Sandler, Baird, Rosenblatt, Stifel, Barclays, and KeyBanc raised price targets while keeping positive ratings.