Accelerated Annualized Recurring Revenue (ARR) Growth Highlights Autodesk's Second Quarter Results
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Autodesk (ADSK) Tops Q2 EPS by 3c, Revenues Beat; Offers FY19 EPS/Revenue Outlook
August 23, 2018 4:04 PM EDTAutodesk (NASDAQ: ADSK) reported Q2 EPS of $0.19, $0.03 better than the analyst estimate of $0.16. Revenue for the quarter came in at $611.7 million versus the consensus estimate of $600.34 million.
Subscription plan ARR was $1.68 billion, an increase of 115 percent compared to the second quarter last year as reported, and 111 percent on a constant currency basis. Under the prior revenue accounting standard, ASC 605, subscription plan ARR was $1.66 billion, an increase of 112 percent compared to the second quarter last year.Total ARR was $2.35 billion, an increase of 28 percent compared to the second quarter last year... More