Wedbush Loweres Price Target on Autodesk (ADSK) Following 'Disappointing' 2Q Guidance
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Autodesk Reports Solid Q1; Strong Subscriptions Growth
May 19, 2015 4:01 PM EDTSAN RAFAEL, Calif.--(BUSINESS WIRE)-- Autodesk, Inc. (NASDAQ: ADSK) today reported financial results for the first quarter of fiscal 2016.
First Quarter Fiscal 2016
Total billings increased 3 percent, compared to the first quarter last year as reported, and 8 percent on a constant currency basis. Deferred revenue increased 20 percent to $1.15 billion, compared to $964 million in the first quarter last year.... More