(Reuters) – Autodesk beat Wall Street expectations for third-quarter revenue on Tuesday, benefiting from robust demand for its design software as clients boost spending in an easing economy.
It also announced the appointment of Janesh Moorjani as its new finance chief, effective Dec. 16. He will succeed the company’s current interim CFO Elizabeth Rafael.
Industries such as construction, architecture and animation have taken to Autodesk’s suite of design software products, which incorporates a growing line of cloud services designed to address specific enterprise needs.
It reported third-quarter revenue of $1.57 billion, beating estimates of $1.56 billion.
Autodesk also nudged up the midpoint of its annual revenue forecast. It now expects revenue between $6.12 billion and $6.13 billion from its earlier forecast of between $6.08 billion and $6.13 billion.
It raised its expectations for annual adjusted earnings per share to a range of $8.29 to $8.35, from $8.18 to $8.31.
Autodesk reported net income per share of $1.27, compared with $1.12 per share a year ago.
(Reporting by Zaheer Kachwala in Bengaluru; Editing by Alan Barona)
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