Autodesk announces solid results for the quarter

Autodesk reported increased earnings and brought its income up out of the red and into the black at $40.2 million. With revenues up 30% to $797, the company pushed its ARR up to $3.07 billion. Total billings increased by 48% to $892 million. The company’s recurring revenue is at 97% of the total. And yet, the stock went down immediately after the company’s call with investors as Autodesk executives revised forecasts to be a little more cautious.  Autodesk’s performance in the quarter ending July 31, 2019, sees gains in all segments. AutoCAD’s energetic performance is a surprise, given the competition,