www.thecadinsider.com: Autodesk’s stock looks like it fell off the edge. Share prices were down 20% this morning. This after the recent Q3 announcement that the company lost $120 million.
You’ll be feeling bad if you are invested in Autodesk. You’ll be feeling worse if you were one of the 1150 Autodeskers being laid off. They were told last week.
One of them tries to put a brave face. She’s doing fine, she says. She is lifting her spirits with a friend over a salad at a trendy Hayes St. eatery in San Francsico. “But did they have to do it right before Christmas?”
1 comment:
Autodesk is a staple of so many professions as it mentions in the article, so it is surprising to me that they do not have consistent growth and are showing significant losses. It sounds like things took a turn for the worse when they shifted their business model so I would be curious to see what the estimations leading up that that were. With the current structure of repeat payments there is really no way to ensure that Autodesk keeps pricing consistent. They could raise prices significantly and a lot of large and small businesses might not have many options. Companies who did a lot of upfront payments should be safe but who know if there will be a need to supplement those payments. I really had no idea Autodesk was doing poorly, they seem to keep coming out with new products and new versions. They are also very good, as the article points out, on staying on top of technological trends. I hope for a more successful year for Autodesk and for prices to not become too expensive.
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