Autodesk pops on upbeat Q4 forecast

Autodesk ($ADSK) jumped after beating Q3 expectations and guiding Q4 revenue and profit above Wall Street forecasts, helped by strong subscription renewals and demand for AI driven design tools. That strength sends a signal across design, engineering and infrastructure software.

Winners -

AI design and engineering software

Names: $ADSK, $PTC, $ANSS

Reason: Autodesk’s upbeat outlook shows enterprise customers are still spending on high value, AI enhanced design tools. That is a positive read across for peers like PTC and Ansys that sell mission critical engineering and simulation software on recurring subscriptions.

Construction and infrastructure design platforms

Names: $TRMB, $BSY

Reason: Management highlighted healthy demand from ar ...