Autodesk, Inc. Reports 14% YoY Boost to its Q3 Revenue
"Autodesk, Inc. (NASDAQ:ADSK) reported a 14% year-over-year Q3 revenue boost to $477 million, following the closing bell Thursday afternoon.
GAAP operating margin came in at 15%, up from 6% in the year-ago period.
Non-GAAP operating margin was 21%, up from 18% in Q309.
GAAP EPS for the quarter rose from $0.13 in the year-ago period, to $0.23.
Non-GAAP EPS increased from $0.26 in Q309, to $0.32.
The company reported $114 million in cash flow from operating activities.
president and CEO Carl Bass commented, ""We are pleased with our third quarter results, which reflect the solid progress we have achieved over the past year in driving revenue growth and improving profitability, We saw particular strength in our manufacturing business, which experienced strong demand on a global basis. We also delivered double digit year-over-year revenue growth in each of our geographies. Strong revenue coupled with tight cost controls led to a significant year-over-year improvement in profitability. Our relentless attention to building and selling great products allows us to serve our customers well and capitalize on a $14 billion market opportunity."""
