Autodesk Stock Rises on Job Cuts and Better-Than-Expected Earnings - Barron's
1. ADSK announced job cuts, reducing workforce by 9%, totaling about 1,350 employees. 2. Fiscal Q4 earnings beat expectations at $2.29 per share versus $2.14 forecast. 3. Total revenue reached $1.64 billion, exceeding the $1.63 billion estimate. 4. Analysts increased the target price to $335, emphasizing cost efficiency plan. 5. Concerns raised over the removal of the 10-15% revenue growth target.