By Kuldip K. Ambastha
On Friday, February 24, 2023, the stock price of Autodesk, Inc. (ADSK), a software corporation, fell by -12.9% per share. While Autodesk’s latest quarterly results were relatively strong, its future guidance on earnings and free cash flow worried Wall Street. Autodesk is moving from offering multi-year contracts (with cash all paid up front) to an annual billing cycle for clients. Only time will tell if this billing process change will impair Autodesk. For now, Wall Street seems concerned.
Keywords – Autodesk, Inc., Autodesk, ADSK, software, earnings, free cash flow, billing, Wall Street.
Disclosure – The principals and clients of Ambastha Financial LLC have no positions in ADSK.
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