The CAD software giant expects FQ4 revenue of $560M-$580M and EPS of $0.29-$0.36, below a consensus of $596.6M and $0.49. Investors don't seem to be concerned, given the company's transition to a subscription-based business model that results in less revenue being recognized up-front.
Autodesk says the products will strengthen its Building Information Modeling software lineup for structural fabrication/detailing applications. The company's Architecture, Engineering, and Construction sales have been a bright spot, growing 6% Y/Y in the July quarter (FQ2) vs. a 1% rev. drop for the company at-large.
The Graitec software purchases follow the acquisition of bridge/vehicle software tools from two U.K. firms in August.