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   Technology StocksAutodesk (ADSK), sales now increasing!


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From: JakeStraw11/19/2015 4:18:17 PM
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Autodesk Reports Third Quarter Financial Results
finance.yahoo.com

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From: JakeStraw12/2/2015 8:36:30 AM
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Autodesk SeeControl Enables the Future of Connected Products with New Internet of Things Cloud Service
finance.yahoo.com

Autodesk SeeControl, a comprehensive new platform powering the Internet of Things that allows customers to capture, analyze and use data from remote products. Acquired by Autodesk in September 2015, the new SeeControl offering will help manufacturers gain competitive advantage by optimizing their existing products and capturing the intelligence required to offer their customers innovative new services.

“The future of making products in the machinery and specialty vehicles industries is changing quickly and the expectations for online services have increased,” said Brian Roepke, senior director of Product Lifecycle Management and Internet of Things at Autodesk. “The addition of SeeControl to the Autodesk line of IoT services will help businesses gain competitive advantage by optimizing existing products and capturing the necessary intelligence to offer their customers new services.”

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From: Glenn Petersen2/6/2016 4:38:01 PM
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Autodesk to cut jobs by 10 percent as it transitions to cloud

By Kshitiz Goliya
Reuters
Wed Feb 3, 2016 11:13am ET

AutoCAD design software maker Autodesk Inc ( ADSK.O) said it would cut about 10 percent of its workforce in the near term as part of a restructuring plan to accelerate its transition to the subscription-based cloud business.

Shares of the company, which cut about 925 jobs, rose 11 percent to $50.90 in early trading.

The restructuring comes more than two months after activist investors Eminence Capital LP and Sachem Head Capital reported stakes in the company.

Eminence and Sachem in November also formed an agreement regarding nomination of directors and influencing the Autodesk management.

Sachem, which reported a 5.7 pct stake in Autodesk, had said it intended to engage in discussions with the company on issues such as management, operations, cost structure, and strategic plans. ( 1.usa.gov/1LQtDLM)

The involvement of the activist investors was a primary catalyst behind the restructuring, Wedbush Securities Inc analyst Steve Koenig said.

Autodesk, which makes computer-aided design software, said on Wednesday it expected pretax charges of $85 million-$95 million related to the restructuring.

Autodesk, which competes with Adobe Systems Inc ( ADBE.O), Ansys Inc ( ANSS.O) and Dassault Systemes SA ( DAST.PA), said it expects the restructuring to result in additional cost savings in fiscal 2017 and beyond.

"If Autodesk remains vigilant on its spending, this restructuring and further vigilance will help long-term profitability," analyst Koenig said.

The company had earlier said that as part of its transition to the cloud it would stop selling upgrades to its licensed software from February.

Autodesk also estimated fourth-quarter billings, revenue, adjusted profit and net subscription additions to be at the high end or exceed its forecast.

Subscription revenue accounted for about 53 percent of the company's total third-quarter revenue.

The company in November forecast fourth-quarter adjusted profit of between 8-12 cents per share on revenue of $620-$640 million.

Analysts on average were expecting a profit of 10 cents per share on revenue of $631.1 million, according to Thomson Reuters I/B/E/S.

(Reporting by Kshitiz Goliya in Bengaluru; Editing by Maju Samuel)

reuters.com


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From: JakeStraw8/26/2016 11:44:14 AM
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Autodesk Transition To Software-As-A-Service Gains Steam; Q2 Beats
investors.com

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From: JakeStraw9/13/2016 8:13:26 AM
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Autodesk Introduces Portfolio for the Future of Manufacturing
finance.yahoo.com

“Autodesk has long been a leader and innovator in 3D design, engineering and the technologies that expand the applications of industrial 3D printing, but we appreciate that no product is really complete until it’s realized through physical manufacture,” said Amar Hanspal, senior vice president of products at Autodesk. “We’ve also become a leader in technologies that expand the applications of industrial 3D printing. Now, we’re truly integrating the design, make and use phases of product development. This new set of solutions goes big on the ‘make’ component—equipping manufacturers with all the software they need to go from digital design to real-world product.”

Unveiled at the International Manufacturing Technology Show (IMTS 2016), the portfolio spans computer aided manufacturing (CAM), additive manufacturing, composites, robotics fabrication, factory layout, inspection and modeling. It enables customers to solve complex manufacturing challenges and seamlessly connect design to machining.

Within the portfolio offerings are cloud-connected capabilities designed to help users experience the benefits of a more cohesive manufacturing workflow and invest more time in product development. Cloud-capabilities give customers improved support for global manufacturing operations with universal access to software and data, and the cloud also enables fast and frequent software upgrades.

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From: JakeStraw5/9/2017 11:37:42 AM
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Autodesk, Inc. was upgraded by analysts at Wedbush from a "neutral" rating to an "outperform" rating. They now have a $120.00 price target on the stock, up previously from $78.00.

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From: JakeStraw5/19/2017 10:49:13 AM
1 Recommendation   of 204
 
Autodesk, Inc. was upgraded by analysts at Royal Bank of Canada from a "sector perform" rating to an "outperform" rating. They now have a $125.00 price target on the stock, up previously from $95.00

Autodesk, Inc. was upgraded by analysts at Bank of America Corp from an "underperform" rating to a "neutral" rating. They now have a $125.00 price target on the stock

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From: JakeStraw7/19/2017 11:34:28 AM
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Autodesk, Inc. is now covered by analysts at Deutsche Bank AG. They set a "buy" rating and a $130.00 price target on the stock.

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From: JakeStraw8/25/2017 10:09:02 AM
1 Recommendation   of 204
 
Subscription Strength Highlights Autodesk Second Quarter Results
markets.siliconinvestor.com

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From: JakeStraw8/25/2017 1:56:21 PM
1 Recommendation   of 204
 
Autodesk, Inc. had its price target raised by analysts at Credit Suisse Group from $120.00 to $125.00. They now have an "outperform" rating on the stock.

Autodesk, Inc. had its price target raised by analysts at KeyCorp from $115.00 to $128.00. They now have an "overweight" rating on the stock.

Autodesk, Inc. had its price target raised by analysts at Morgan Stanley from $115.00 to $120.00. They now have an "overweight" rating on the stock.

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