Reported about 7 hours ago
Autodesk anticipates annual revenue and profits exceeding Wall Street expectations due to robust demand for its design and engineering software in construction and manufacturing. The company plans to reduce its workforce by about 9% while increasing investments in cloud and AI. Autodesk reported a 23% increase in Q4 billings, reaching $2.11 billion, and expects full-year revenue between $6.90 billion and $6.97 billion, above analyst estimates.
Source: YAHOO