Autodesk Review Following Q3 Results 
<p>Analysts at Berenberg Bank provided their views on <a href='https://financialmodelingprep.com/financial-summary/ADSK'>Autodesk, Inc. (NASDAQ:ADSK)</a> following the recent Q3 results, which were dominated by slower-than-expected billings growth and lowered guidance, which drove the share price down on the day following the results by 15%. </p>
<p>This is the second quarter in a row where 2022 billings guidance has been lowered. In Q2, billings were lower than expected due to an unexpected change to annual (from multi-year) billings cycles by EBA clients, as discussed by management. Management highlighted that the lower billings in Q3 were due to worsening macro conditions. </p>
<p>The analysts expect the weakening trend in billings to result in FCF headwinds in 2022 and 2023, but mentioned they believe that the company is a mid-teen top-line growth company with material margin upside potential.</p>

NASDAQ:ADSK