Each of the major financial news outlets have by now had their say about Autodesk’s announcement of second quarter fiscal 2010 financial results. Below is a compilation of those reports from different sources.
Reuters sees the news as positive as Autodesk posted “stronger-than-expected quarterly results on Thursday as it cut costs, boosting its stock in after-hours trade.”
MarketWatch’s Benjamin Pimentel seconded that with an upbeat report:
“Management is seeing signs of stabilization and exited the second quarter with less volatility,” Deutsche Bank analyst Greg Dunham told clients, while the Wall Street Journal was less than positive in pointing out that Autodesk’s fiscal second-quarter profit sank 88% on lower sales and margins as well as restructuring charges.