Third quarter results show 'solid momentum': Autodesk CEO

In This Article:

Autodesk (ADSK) President and CEO Andrew Anagnost joins Catalysts to break down the company's latest third quarter results and growth strategy.

Anagnost emphasized that Autodesk beat expectations "on all key metrics," signaling "solid momentum" within the organization. He highlights the company's "high-growth" segments, particularly in construction, manufacturing, and production businesses, noting they have maintained consistent growth "north of 20%".

"People need our software solutions, our lifecycle solutions to drive more productivity," Anagnost told Yahoo Finance, emphasizing the industry demand for Autodesk's technological offerings amid widespread capacity constraints.

Addressing investor concerns directly, Anagnost acknowledged the need for improvements, specifically in sales and market productivity. As part of their strategic response, the company has appointed a new CFO to concentrate on "internal optimization."

To watch more expert insights and analysis on the latest market action, check out more Catalysts here.

This post was written by Angel Smith