Autodesk reports Q2 EPS 35c, consensus 29c Reports Q2 revenue $637.1M, consensus $603.39M. Reports billings increased 27% compared to the second quarter of fiscal 2014. Total subscriptions increased by approximately 74,000 from Q1
Autodesk price target raised to $80 from $75 at Credit Suisse Credit Suisse raised Autodesk's price target to $80 to reflect end-of-sale of perpetual licenses in favor of subscriptions and the convergence of maintenance pricing to Basic over the next 12-24 months which is not anticipated by investors.
Autodesk reseller checks weak, says Pacific Crest Pacific Crest said Autodesk reseller checks are week with one month left in Q2, as most resellers are behind target. The firm said the results are not likely to surprise as expectations are low and remains a buyer long-term. Pacific Crest rates Autodesk an Overweight.