As the Q3 earnings season wraps, let’s dig into this quarter’s best and worst performers in the design software industry, including Procore (NYSE:PCOR) and its peers.

The demand for rich, interactive 2D, 3D, VR and AR experiences is growing, and while the ubiquitous metaverse might still be more of a buzzword than a real thing, what is real is the demand for the tools to create these experiences, whether they are games, 3D tours or interactive movies.

The 6 design software stocks we track reported a strong Q3. As a group, revenues beat analysts’ consensus estimates by 4.4% while next quarter’s revenue guidance was 2.9% below.

In light of this news, share prices of the companies have held steady as they are up 1.5% on average since the latest earnings results.

Procore (NYSE:PCOR)

Used to manage the multi-year expansion of the Panama Canal that began in 2007, Procore (NYSE:PCOR) offers a software-as-service project, finance, and quality management platform for the construction industry.

Procore reported revenues of $295.9 million, up 19.4% year on year. This print exceeded analysts’ expectations by 2.9%. Overall, it was a strong quarter for the company with an impressive beat of analysts’ EBITDA estimates and accelerating customer growth.

Procore scored the highest full-year guidance raise of the whole group. The company added 225 customers to reach a total of 16,975. Unsurprisingly, the stock is up 12.1% since reporting and currently trades at $70.26.

Is now the time to buy Procore? Access our full analysis of the earnings results here, it’s free.

Best Q3: ANSYS (NASDAQ:ANSS)

Used to help design the Mars Rover, Ansys (NASDAQ:ANSS) offers a software-as-a-service platform that enables simulation for engineering and design.

ANSYS reported revenues of $601.9 million, up 31.2% year on year, outperforming analysts’ expectations by 14.9%. The business had a stunning quarter with a solid beat of analysts’ EBITDA estimates and an impressive beat of analysts’ annual contract value estimates.

ANSYS pulled off the biggest analyst estimates beat and fastest revenue growth among its peers. The market seems content with the results as the stock is up 1.2% since reporting. It currently trades at $337.21.

Is now the time to buy ANSYS? Access our full analysis of the earnings results here, it’s free.

Weakest Q3: Adobe (NASDAQ:ADBE)

One of the most well-known Silicon Valley software companies around, Adobe (NASDAQ:ADBE) is a leading provider of software as service in the digital design and document management space.

Adobe reported revenues of $5.41 billion, up 10.6% year on year, exceeding analysts’ expectations by 0.6%. Still, it was a slower quarter as it posted revenue guidance for next quarter slightly missing analysts’ expectations.