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Autodesk, Inc. (NASDAQ: ADSK) released its fiscal third quarter financial results after the markets closed on Tuesday. The firm said that it had $0.78 in earnings per share (EPS) and $843 million in revenue, compared with consensus estimates that called for $0.73 in EPS and $826.56 million in revenue. The same period from last year had $0.29 in EPS and $661 million in revenue.

During the quarter, total annual recurring revenue (ARR) was $3.22 billion, an increase of 28%. This consists of Subscription plan ARR of $2.86 billion and Maintenance plan ARR of $365 million, each posting increases of 49% and 39%, respectively.

Separately, total billings increased 55% to $1.01 billion, and deferred revenue increased 35% to $2.42 billion.

Looking ahead to the fiscal fourth quarter, the company expects to see EPS in the range of $0.86 to $0.91 and revenue in the range of $880 million to $895 million in revenue. The consensus estimates are calling for $0.93 in EPS and $897.87 million in revenue for the coming quarter.

Andrew Anagnost, Autodesk president and CEO, commented:

Our strong performance continued in Q3 as revenue, billings, ARR, earnings and free cash flow came in above expectations. We continue to demonstrate the cash generating power of our business model, and this quarter drove a record last twelve months free cash flow of nearly $1 billion. The breadth and depth of our product portfolio in Construction paved the way for another strong quarter. In Manufacturing, we continue to displace competitors and grow faster than the overall market.

Shares of Autodesk were last seen up about 4% at $177.64, with a 52-week range of $117.72 to $178.95. The consensus analyst price target is $175.78.