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Profit up for Autodesk

Drafting and design software maker Autodesk on Thursday reported a slight rise in profit and revenue for its second quarter, which ended July 31. Net income for the quarter was $32.6 million, or 29 cents a share, including proceeds from a one-time tax benefit. Excluding the tax proceeds, profit was $12.9 million, or 11 cents a share, compared with $11.8 million and 10 cents a share in the same period a year ago. Revenue for the quarter was $212 million, compared with $211 million a year ago.

CEO Carol Bartz said in a statement that strong customer interest in AutoCAD 2004, the new version of the company's flagship drafting application, helped boost upgrade revenue and enrollment in subscription programs. The San Rafael, Calif.-based company forecast a bump in profit--to between 13 cents and 16 cents a share--and in revenue--$216 million to $221 million--for the current third quarter.