Autodesk's job cuts will hit 9% of its headcount and make facility reductions. The maker of design software wants to make the most of its shift toward direct billing and self-service sales.
Design-software developer Autodesk Inc. on Thursday said it would cut around 9% of its workforce, or around 1,350 employees, amid a bigger effort to prioritize cloud services and artificial intelligence.
Following Thursday's selling action, Caroline Woods and Kevin Green join Oliver Renick to examine another slate of tech earnings in the wake of Nvidia's (NVDA) report. For NetApp (NTAP), earnings failed to surpass Street expectations and shares plummeted in early reaction to the news.
Autodesk, Inc. ADSK will release its financial results for the fourth quarter, after the closing bell, on Thursday, Feb. 27, 2025.
ADSK's fourth-quarter fiscal 2025 results are likely to gain from strong renewal rates. However, the new transaction model can cause short-term pressure.
Besides Wall Street's top -and-bottom-line estimates for Autodesk (ADSK), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended January 2025.
The latest trading day saw Autodesk (ADSK) settling at $304.99, representing a +1.28% change from its previous close.
Autodesk (ADSK) closed the most recent trading day at $306.85, moving +0.2% from the previous trading session.
Software stock Autodesk Inc (NASDAQ:ADSK) was last seen up 3.7% at $310, after an upgrade from Mizuho to "outperform" from "neutral," with a price-target hike to $400 from $280.
Five robotics stocks have strong earnings and revenue growth potential for 2025. These are: TDY, ADSK PATH, QCOM, IOT.
ADSK shares are benefiting from AI innovation, market expansion and enhanced customer satisfaction.
After the recent pullback, shares of Autodesk Inc ADSK appear more attractive, while the path for outperformance seems "cleaner" in 2025, according to Piper Sandler.