Autodesk’s First quarter fiscal 2021 financial highlights

Autodesk has come through its first quarter with good results and the company expressed satisfaction, revealing very little trepidation over the future. The company raised revenue 20% to $886 million and reported a net income of $66.6 million. The company’s operating margin increased 10 percentage points to 28%. Autodesk CEO Andrew Anagnost celebrated the stability of Autodesk’s subscription-based business model and noted that renewals were strong evidence of consumer confidence. During the financial call to analysts, Anagnost and CFO Scott Herren said they are also keeping watch on the rate of renewals within a company. If companies choose to renew