CEO Carl Bass warned about short-sighted activists with “simplistic views.” Two weeks later they are on the board of directors. By Randall S. Newton Autodesk has announced it is inviting representatives from so-called activist investor groups to join its board of directors. On the face of it, sounds like mild news. But there is more to the story. Autodesk (NASDAQ: … [Read more...] about Autodesk invites activist shareholders onto board
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Autodesk revenue down in fourth quarter, flat for fiscal year
Transition metrics and revenue metrics offer alternative scenarios for Autodesk’s fiscal year. The story of fourth quarter and full-year results for Autodesk (ADSK: Nasdaq) is a tale of two methods of measurement. If we measure the metrics of transition from perpetual license sales to annual subscriptions, Autodesk is doing quite well. If we measure the more traditional … [Read more...] about Autodesk revenue down in fourth quarter, flat for fiscal year
Autodesk doing so well it announces layoffs
925 to be shown the door in a quarter when revenue will exceed expectations; the restructuring continues. In a statement required by federal regulations, Autodesk has announced the impending layoff of approximately 925 employees, 10% of its workforce. In the same statement Autodesk said it expects to exceed expectations for fourth-quarter revenue and subscriptions. … [Read more...] about Autodesk doing so well it announces layoffs
Autodesk reports sluggish third quarter
They told us the move to subscriptions might put a drag on revenue; they were right. The third quarter did not treat Autodesk (NASDAQ: ADSK) kindly. Revenue was up 2% only when measured in constant currencies; otherwise it was down 3% year-over-year. Subscriptions increased by 80,000 sequentially but deferred revenue fell. Billings fell 4%, and Autodesk reported an … [Read more...] about Autodesk reports sluggish third quarter
Autodesk revenue down 4% as move to subscriptions accelerates
Deferred revenue grew by 26% to account for the majority of revenue for the first time. Autodesk (NASDAQ: ADSK) has been telling Wall Street for a while how the transition from selling software as piece goods (perpetual licenses) to software as a service (subscriptions) would be a long transition with up and down quarters. 2Q16 was one of those down quarters. Revenue for … [Read more...] about Autodesk revenue down 4% as move to subscriptions accelerates