The mastermind of a difficult strategy shift is joining Cisco.
Shares of engineering software expert Autodesk (NASDAQ: ADSK) reached new
all-time highs on Wednesday after a strong third-quarter earnings report.
The company crushed Wall Street’s expectations across the board and
raised its full-year guidance targets.
Sales for the third quarter of fiscal year 2021 rose 13% to $952 million.
Your average analyst would have settled for $942 million. On the bottom
line, adjusted earnings increased by 33% to $1.04 per diluted share.
Here, the analyst consensus pointed to $0.96 per share. Management’s
original guidance for this period targeted adjusted earnings of roughly
$0.94 per share on revenue near $937 million. …
