Is Autodesk Stock a Buy?
Autodesk (NASDAQ: ADSK) stock recently dropped after the design software company posted its fiscal 2021 fourth quarter earnings. Revenue rose 16% year over year to $1.04 billion, beating expectations by $30 million.
Its non-GAAP net income increased 29% to $262 million, or $1.18 per share, also topping the analyst consensus. On a GAAP basis, net income jumped nearly sevenfold to $911 million, but that growth mainly came from a tax-related boost of $679 million.
Image source: Getty Images.
Source Fool.com
