(Reuters) -Autodesk raised its annual revenue and profit forecasts on Thursday, betting on growing demand for its design and engineering software, sending its shares surging around 12% in extended trading.

Demand for the company’s products is steadily increasing across construction, infrastructure and manufacturing industries, driven by growing subscription renewals and expanding enterprise agreements with large customers.

Autodesk offers software that enables users to design buildings, infrastructure and products using data-rich 3D models rather than traditional blueprints.

The company, which competes with Adobe, PTC and Trimble, offers tools that are used in movies and games to create 3D animation, visual effects and manage production.

Autodesk now expects fiscal 2026 revenue to rang

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