(Reuters) -Design software maker Autodesk forecast fourth-quarter revenue and profit above Wall Street estimates on Tuesday, supported by steady subscription renewals and growing demand for its cloud-based design tools.
Shares of the San Francisco-based company rose more than 5% in extended trading after it also topped market expectations for third-quarter results.
Steady demand trends in data center construction, infrastructure upgrades and industrial building projects have continued to bolster the long-term outlook for companies such as Autodesk.
Enterprise customers are adopting Autodesk’s software to streamline project delivery, with heavier use of AutoCAD and other architecture and engineering tools, lifting engagement for the company.
Autodesk expects revenue between $1.90 billio

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