Autodesk Beats Expectations, Boosted by Cloud Subscriptions

Autodesks Q4 forecast beats Wall Street expectations, driven by robust subscription renewals and growing demand for cloud-based design tools. Strong third-quarter results, fueled by data center, infrastructure, and industrial projects, boost long-term prospects. Increased adoption of AutoCAD and AI integration, like Project Bernini, contribute to success. Autodesk expects Q4 revenue between $1.90B and $1.92B, surpassing analysts estimates, and raised full-year billing projections.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.