Autodesk Raises Outlook After Activist Investor Criticism (1)

Autodesk Inc. raised its full-year earnings outlook following pressure on the software maker from activist investor Starboard Value LP.

Profit, excluding some items, will be $8.18 a share to $8.31 a share in the fiscal year ending in January 2025, the company said Thursday in a statement. The forecast topped analysts’ average estimate and was an increase from a previous outlook of $7.99 a share to $8.21 a share.

The maker of engineering software has been scrutinized since delaying its financial filings in April, citing an accounting investigation. In the past four months, Autodesk has replaced ...