Autodesk struggles with cloud turn, to restructure after weak Q2
Grazed from ZDNet. Author: Larry Dignan.
Autodesk missed second quarter sales expectations by a wide margin and the company said it would restructure and lock down expenses as it tried to position its business better for cloud computing.
The design and engineering software maker reported second quarter earnings of 28 cents a share on revenue of $569 million, up 4 percent from a year ago. Non-GAAP earnings were 48 cents a share. Wall Street was expecting second quarter earnings of 49 cents a share on revenue of $593 million.
That sales miss translated into Autodesk shares plunging 21 percent in afterhours trading…


Dell on Thursday said it will offer dedicated servers in its data centers and off-premises application and storage services for companies looking to establish private clouds.