Autodesk Gets Price Target Hikes, But Down On Outlook

By | August 15, 2014

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Computer-aided design software firm Autodesk (ADSK) is getting a boost from shifting its business from licensed software to Internet cloud-based subscriptions. The San Rafael, Calif.-based company late Thursday reported better-than-expected second-quarter sales and raised its full-year revenue guidance. Autodesk’s AutoCAD software is used by architects, engineers and designers. While Autodesk stock rose 5% in after-hours trading Thursday, shares Scalper1 News

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