| 12 December 2017 | |
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[Forum Leader]
 Forum Leader
Roberto Ortiz
Illustrator/ Modeler
Washington DC,
USA
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Autodesk: Layoffs Put An Iconic Franchise On Discount (stocks)
SummaryAutodesk reported a small beat in its Q3 earnings, but also announced a round of layoffs that has sent the stock down nearly 20% post-earnings.The layoffs affect 13% of its workforce (approx. 1,150 employees), though management says this move is not a cost reduction and is coming from a "position of strength."Autodesk is still in the midst of transitioning its sales model to a subscription-based cloud delivery model. Subscription revenues increased 106% y/y in the quarter.Total revenues also returned to growth (+5% y/y) in the quarter, coming from several quarters of decline in the year.Though Autodesk has historically been an expensive stock, the recent pullback makes shares appealing.
https://seekingalpha.com/article/41...nchise-discount __________________
LW FREE MODELS:FOR REAL Home Anatomy Thread FXWARS:Daily Sketch Forum:HCR Modeling This message does not reflect the opinions of the US Government |
| 12 December 2017 | |
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Expert
 Matthew ONeill
3D Fluff
United Kingdom
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Originally Posted by RobertoOrtiz:
this move is not a cost reduction and is coming from a "position of strength.
Trololol.gif __________________
Matthew O'Neill www.3dfluff.com |
| 12 December 2017 | |
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Expert
 S.A.Skeebert
USA
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Originally Posted by RobertoOrtiz:
though management says this move is not a cost reduction and is coming from a "position of strength.
HAAAAAAAAA HAAAAAAAAA HAAAAAAAAA!  Haven't laughed this hard in a long time. |
| 12 December 2017 | |
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Always Learning
 Dylan Saunders
Dublin,
Ireland
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Originally Posted by RobertoOrtiz:
....management says this move is not a cost reduction and is coming from a "position of strength."
Why do it then? __________________
I like to learn. |
| 12 December 2017 | |
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hot pixel
 hex pilot
USA
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Originally Posted by Dillster:
Why do it then?
Obviously to give those former employees a sense of pride and accomplishment when they find new jobs. |
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