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Short Take: Autodesk posts fivefold increase in profits

Autodesk posted a 58 percent growth in revenues and an almost fivefold increase in profits, thanks in part to strong sales in its Kinetix and Personal Solutions Group. The company reported net income of $29.3 million for the quarter, up from $6 million a year ago. Revenues rose to $181.8 million for the quarter, up from $115 million the previous year.

Autodesk posted a 58 percent growth in revenues and an almost fivefold increase in profits, thanks in part to strong sales in its Kinetix and Personal Solutions Group. The company reported net income of $29.3 million for the quarter, up from $6 million a year ago. Revenues rose to $181.8 million for the quarter, up from $115 million the previous year.