Autodesk says the US-China trade war could hurt its financials in the second quarter, despite reporting revenue of US$797 million in the period to July 30, up 30 percent from the year before.
Autodesk said that so far the company has been disrupted by the trade dispute, which as yet shows no sign of a resolution, but it is taking a cautious approach, due to the current global economic uncertainty.
The company expects annualised recurring revenue for fiscal 2020 of $3.43 billion to $3.49 billion, down from its previous estimates of $3.5 billion to $3.55 billion.
Autodesk is shifting the delivery of its software to the cloud.
