Reported 4 months ago
Autodesk has appointed board member Elizabeth Rafael as the interim Chief Financial Officer and reported preliminary first-quarter revenue above analysts' estimates, leading to an 8% increase in its shares during extended trading. The company also announced that Deborah Clifford, the previous CFO, will become the Chief Strategy Officer. Autodesk's first-quarter revenue of approximately $1.42 billion exceeded expectations, and Rafael's appointment is effective immediately. Additionally, the company stated there would be no restatement or adjustment of financial statements following an audit committee investigation. CEO Andrew Anagnost expressed gratitude for resolving the investigation, and Autodesk raised its full-year earnings per share expectations to a range of $7.99 to $8.21.
Source: YAHOO