Autodesk Stock Sinks as Solid Results Offset by CFO Change | Global News Avenue

Autodesk (adipose stem cells) The design software maker’s strong results were questioned on Wednesday Chief Financial Officer (CFO) Change.

The company reports fiscal 2025 third quarter adjusted Earnings per share (EPS) 2.17 US dollars, and revenue increased 11% year-on-year to US$1.57 billion. While both beat consensus forecasts from analysts surveyed by Visible Alpha GAAP Earnings per share were $1.27, slightly below expectations.

Billings grew 28% to $1.54 billion. Subscription plan revenue increased 11% to $1.46 billion. Design revenue increased 9% to $1.3 billion, and production revenue increased 28% to $171 million.

Interim Chief Financial Officer Besty Rafael said: “Macroeconomic, policy and geopolitical challenges and underlying momentum for the business are consistent with what has been the case over the past several quarters, with renewal rates continuing to be strong but new business growth facing challenges resistance.”

Interim CFO replaced

In a separate press release, the company explained that Raphael will leave the company at the end of the current fiscal year. Her successor is Janesh Moorjani, who most recently served as chief financial officer and Chief Operating Officer (COO) of Artificial Intelligence (AI) Search company Elastic NV (electronic technical committee).

Rafael took over in May after Autodesk released the results of its internal investigation free cash flow and non-GAAP Operating profit margin practice. In the report, the audit committee proposed a number of remedial actions, including “reviewing certain processes regarding financial communications and disclosures; evaluating certain corporate organizational functions and responsibilities; and adopting and strengthening policies and procedures related to matters under investigation.”

Autodesk expects adjusted earnings per share for this quarter to be US$2.10 to US$2.16, with revenue of US$1.623 billion to US$1.638 billion, basically in line with expectations.

Despite today’s drop, Autodesk shares are up about 23% so far this year.