That strategy, which closely mirrors Adobe's (NASDAQ: ADBE) transformation of its creative software into cloud-based services, locked in Autodesk's customers with sticky subscriptions. Clifford attributed its slowdown in the fourth quarter to the "supply chain disruption and resulting inflationary pressures, a global labor shortage, and the ebb and flow of COVID." Those near-term challenges might have disappointed some investors who had expected Autodesk to be more resistant to macro headwinds, but its 15% post-earnings drop seemed to be a severe overreaction.