Ahead of Autodesk's Q2, Baird says project management software seeing strong demand
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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.