Autodesk stock price moved higher after management

Autodesk stock price moved higher after management reiterated FY guidance of 10-12% annual revenue growth. The upgrade to its cloud infrastructure is seen as a driver for customer retention and upselling opportunities in emerging markets. Got a confidential news tip? We want to hear from you. The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 77, which puts it in the top 32% of all 250+ industries. Autodesk stock price edged up 1.2% today after analysts raised their FY EPS estimates. The move reflects confidence in the company’s cost discipline and operational leverage despite inflationary pressures on R&D budgets.