Tag: $Autodesk

Autodesk stock was falling sharply in late trading Tuesday, even after earnings from the software company beat Wall Street estimates and the company announced the appointment of a new chief financial officer.

Starboard Value, the activist fund run by Jeff Smith, has taken a sizable stake in graphics-design firm Autodesk and has spoken with the company’s board in recent weeks over a number of serious concerns involving its disclosures around an internal investigation that led to the ouster of its chief financial officer.

Nov 21 (Reuters) – Autodesk forecast full-year revenue above market estimates on Tuesday, in a sign that client spending on its design software remains resilient in an uncertain economy.

Shares of Autodesk Inc. climbed 7% in extended trading Wednesday after the software company reported quarterly results that topped analyst revenue and earnings estimates.