Autodesk Halted: FYQ3 Outlook Misses by a Mile on Subscription Shift

Tech Trader Daily
By Tiernan RayAug 27, 2015, 4:07 pm117 pts
Shares of design software maker Autodesk (ADSK) were halted this afternoon just before the company reported fiscal Q2 revenue that slightly missed expectations, and forecast this quarter’s results much lower than consensus, citing a shift from traditional software licenses to subscriptions. Revenue in the…

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