ADSK - Ahead of Autodesk's Q2 Baird says project management software seeing strong demand

• Autodesk ( NASDAQ: ADSK ) is scheduled to report second-quarter results on August 24 and investment firm Baird said software demand for the project management and lifestyle sector has accelerated compared to two years ago.
• Analyst Joe Vruwink noted that software demand is up 12% year-over-year, which is consistent with the most recent quarter, but an acceleration over two years ago.
• "For better comparability between companies, we try to standardize results when possible to best reflect the annual value of software revenue that results in cash collection," Vruwink wrote in a note to clients.
• Autodesk ( ADSK ) shares rose nearly 0.5% to $243 in mid-day trading on Monday.
• The analyst added that the market for design, manufacturing, engineering and product lifecycle management software is estimated to be between $30B and $35B, with areas like automotive, aerospace and defense, industrial machinery and electronics accounting for much of the growth.
• A consensus of analysts expect Autodesk ( ADSK ) to earn $1.57  per share on $1.22B in revenue during the second-quarter.
• Last week, investment firm Citi named Autodesk ( ADSK ) one of its most attractive stocks, noting its fundamentals, sentiment and valuation .

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