ADSK bubble trouble

Autodesk has now recorded ten successive quarters of losses totaling $1.289 billion. Autodesk’s share price had been rapidly rising during the previous nine lossy quarters. If last quarter’s $119.8 million loss was business as usual, why did the ADSK share price plummet? At the time of writing, it’s $23.65 down on its pre-Q3-results high. Alongside the usual we’re-doing-great stuff in the Q3 announcement, Autodesk announced big layoffs, with another 13% of the workforce to go. Merry Christmas, employees. This follows on from another 10% who were axed last year. Don’t think I’m gloating about this. I’m not; these are real …

ADSK celebrates two full years of losses

Autodesk Reports Strong First Quarter Results, says the press release. Autodesk co-CEO Amar Hanspal: Broad-based strength across all subscription types and geographies led to another record quarter for total subscription additions and a fantastic start of the new fiscal year. Customers continue to embrace the subscription model, and we’re expanding our market opportunity with continued momentum of our cloud-based offerings, such as BIM 360 and Fusion 360.   Autodesk co-CEO Andrew Anagnost: We’re executing well and making significant progress on our business model transition as evidenced by our first quarter results. We’re starting the year from a position of strength …