Autodesk reported its Q3 earnings, surpassing expectations with revenue of $1.57 billion, up 11% year-over-year, and a Non-GAAP EPS of $2.17, beating estimates by 2.0%. The company also achieved a GAAP EPS of $1.27 and raised its guidance for Q4 and FY25, projecting revenue between $1.623 billion and $1.638 billion for Q4. Despite the positive results, Autodesk's stock fell 8.5% in after-hours trading, with a post-market drop of 6%. The GAAP operating margin declined by 2 percentage points to 22%, while the Non-GAAP operating margin dropped by 3 percentage points to 36%. Billings rose 28% year-over-year to $1.54 billion, and GAAP income from operations increased to $346 million, compared to $334 million in the prior year. The stock tumbled despite the beat-and-raise report.