AI rewards are for those making 'meaningful outcomes': Autodesk CEO
03/02/2024 00:11
Autodesk (ADSK) surged on Thursday after the company reported an 11% jump in revenue in its latest quarterly report. Autodesk CEO Andrew Anagnost joins Yahoo Finance Live to discuss the drivers of the software company's upbeat results. Anagnost says the company's diversity of use cases drives success, stating "we make software for people who make everything." He notes firms face "long-term capability challenges" lacking resources, allowing Autodesk to help them achieve sustainability goals and overcome "capacity challenges." Anagnost highlights Autodesk's "robust" business model where customers invest "from design to construction," saying the "life cycle solutions" are driving margins. On AI, he acknowledges the perpetual hype cycle on new technology darling, but stresses the "real rewards" go to those generating "meaningful outcomes." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Angel Smith
Autodesk (ADSK) surged on Thursday after the company reported an 11% jump in revenue in its latest quarterly report. Autodesk CEO Andrew Anagnost joins Yahoo Finance Live to discuss the drivers of the software company's upbeat results.
Anagnost says the company's diversity of use cases drives success, stating "we make software for people who make everything." He notes firms face "long-term capability challenges" lacking resources, allowing Autodesk to help them achieve sustainability goals and overcome "capacity challenges."
Anagnost highlights Autodesk's "robust" business model where customers invest "from design to construction," saying the "life cycle solutions" are driving margins.
On AI, he acknowledges the perpetual hype cycle on new technology darling, but stresses the "real rewards" go to those generating "meaningful outcomes."
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Editor's note: This article was written by Angel Smith