Autodesk flooded with more business than it expected in the first half, CEO says

Autodesk Inc. Chief Executive Andrew Anagnost said his company was flooded with more business than it expected in the first half of the year as it benefits from a design-and-make boom that has enterprise and small-business customers scrambling for more 3-D and workflow products.

Manufacturing clients in particular are fully digitizing their tools and factories, changing their supply chains, to improve manufacturing workflow efficiency, he said. AI is driving much of that activity, especially as companies scramble to exit manufacturing arrangements in China. Autodesk benefitted from the first-half boom Wednesday. Autodesk’s stock ADSK, +2.72% climbed 7% in extended trading following quarterly results that topped analyst revenue and earnings estimates.

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