Key Points
Nov 21 (Reuters) - Autodesk (ADSK.O) 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 the San Francisco-based company rose 2.8% after market, as it also posted higher revenue and profit in the third quarter...
The company has been benefiting from higher sales and recurring revenue as clients in the construction sector look to optimize their industrial design software despite high borrowing costs...
Autodesk, whose AutoCAD software is used by construction, engineering and manufacturing companies, expects full-year revenue to be in the range of $5.45 billion to $5.47 billion, compared with LSEG estimates of $5.43 billion...
Over the last couple of months, Autodesk announced its agreement to acquire simulation software developer Flexsim as well as its partnership with electronic design automation firm Cadence Design Systems (CDNS.O), in an attempt to shore up its product offerings...
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