Autodesk, Inc. (NASDAQ:ADSK) shares reached a record high as the company posted upbeat results for the second quarter and lifted its guidance for the year on Friday.
The shares whose average daily volume is 1.4mln had more than double that this session.
In the second quarter results total subscriptions increased 109,000 from the first quarter of fiscal 2017 to 2.82 million at the end of the second quarter. New model subscriptions increased 125,000 from the first quarter of fiscal 2017 to 692,000.
Deferred revenue increased 23 percent to $1.52 billion, compared to $1.24 billion in the second quarter last year.
The shares were last up 7.8% at $68.66.