Tuesday, May 19, 2015

CAD software maker Autodesk's profit falls

Autodesk Inc (ADSK.O), which makes computer-aided design software, reported a 32.5 percent fall in quarterly profit, hurt by an increase in operating expenses and cost of revenue.The company's net income fell to $19.1 million, or 8 cents per share, in the first quarter ended April 30, from $28.3 million, or 12 cents per share, a year earlier. Revenue increased to $646.5 million from $592.5 million. (Reporting by Anya George Tharakan in Bengaluru; Editing by Joyjeet Das)

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