Autodesk Raises Earnings Outlook Amidst Activist Investor Pressure

Facing pressure from activist investor Starboard Value LP, Autodesk Inc. has increased its earnings forecast for the fiscal year 2025. The software company now projects earnings, excluding certain items, to be between $8.18 and $8.31 per share, exceeding analysts` predictions. This upward revision follows scrutiny over delayed financial filings due to an accounting investigation. While Autodesk maintains its adjusted margin outlook, CEO Andrew Anagnost emphasized the company`s commitment to efficiency and delivering shareholder value. This announcement comes after Starboard, led by CEO Jeff Smith, acquired a stake in Autodesk and advocated for changes, including margin improvement and potential leadership changes. Despite past disagreements, both parties agree on the potential for increased shareholder value. Autodesk`s second-quarter revenue surpassed expectations, reaching $1.51 billion, and its stock showed positive movement in after-hours trading.