Autodesk, which is moving to a cloud-based software-subscription business model, is expected to post declining Q2 earnings after the close Thursday. Analysts expect Autodesk (ADSK) profit to fall 37% from the year-earlier quarter, with revenue rising 7%. The maker of computer design software reports after the market close on Thursday. Autodek stock is up 7% in 2014. Shares in the San Rafael, Calif.-based company were up a fraction in afternoon
Autodesk (ADSK) is losing its chief financial officer, but the outlook for the maker of design software looks good because of such factors as increasing hires and growth in its key engineering and architectural markets, says an analyst. Raimo Lenschow of Barclays on Thursday upgraded Autodesk stock to overweight from equal weight, with a price target of 65. Autodesk was up a fraction in midday trading in the stock market today, near 55.75. The
Salesforce.com is not expected to see any major changes to its strategy with its hiring of Mark Hawkins as its new chief financial officer. Hawkins will join Salesforce.com (CRM), the No. 1 provider of customer relationship management software, on Aug. 1, the company announced late Monday. Hawkins has been CFO at Autodesk (ADSK), a design software and services company, since 2009. Hawkins replaces Graham Smith, who announced his intention in