Autodesk (ADSK) said it continued to execute its strategic plans “effectively” during Q4, “driving strong and consistent business performance.” As a result, the company now expects its Q4 and full-year billings, revenue, non-GAAP operating margin, non-GAAP earnings per share, and free cash flow to all be above the top end of its guidance. Autodesk shares are up 3% to $264.81 in morning trading.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ADSK:
- Autodesk to eliminate 1,000 employees, or 7% of workforce
- Autodesk Announces Global Restructuring and Raises Financial Outlook
- Orlando Bravo tells FT software selloff creating ‘huge buying opportunity’
- Airbnb upgraded, Zillow downgraded: Wall Street’s top analyst calls
- Autodesk initiated with a Buy at Rothschild & Co Redburn
