Stock Symbol: ADSK
Company Name: Autodesk, Inc.
Company Website: usa.autodesk.com
Sector: App Platforms and Software
Autodesk, Inc. is an American multinational corporation that focuses on 2D and 3D design software for use in architecture, engineering and building construction, manufacturing, and media and entertainment. Autodesk was founded in 1982 by John Walker, a coauthor of early versions of the company's flagship CAD software product AutoCAD, and twelve others. It is headquartered in San Rafael, California.
Autodesk, Inc. is placing a big bet on mobile devices, particularly Apple’s iPad, as it continues to build and update tablet and smart phone ready versions of its software portfolio.
Company executives outlined a strategy to bring its traditional engineering and architect customers a wider array of apps that work on the mobile form factor. For Autodesk, this will allow its professional customers to take to the field, whip out their iPads and start generating new data right into their design software.
The decision to focus on mobile platforms, including Apple and Android-based devices, comes at a time when Autodesk is looking to embrace these consumers, particularly budding inventors and tech savvy teenagers.
Closing Price as of February 4, 2011 - $43.69
2 Year Projection: +98%