Autodesk Earnings Results - AEC business segment revenue increases substantially

Autodesk (NASDAQ:ADSK) last announced its earnings results on Thursday, February 26th.

The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.01.

The company had revenue of $665.00 million for the quarter, compared to the consensus estimate of $650.50 million.

During the same quarter in the previous year, the company posted $0.40 earnings per share.

The company’s revenue for the quarter was up 13.3% on a year-over-year basis.

On average, analysts predict that Autodesk, Inc. will post $1.17 earnings per share for the current fiscal year.

Revenue from the AEC business segment was $242 million, an increase of 24 percent compared to the fourth quarter last year. Revenue from the Platform Solutions and Emerging Business (PSEB) segment was $189 million, a decrease of 4 percent compared to the fourth quarter last year. Revenue from the Manufacturing business segment was $190 million, an increase of 23 percent compared to the fourth quarter last year. Revenue from the Media and Entertainment business (M&E) segment was $43 million, an increase of 5 percent compared to the fourth quarter last year.