Autodesk, Inc. (NASDAQ:ADSK) Citi's 2024 Global TMT Conference September 5, 2024 10:50 AM ET Company Participants Andrew Anagnost - CEO Conference Call Participants Tyler Radke - Citi Tyler Radke Happy Thursday. Welcome to day two of Citi's Tech Conference. I'm Tyler Radke, Head of Software Equity Research. Thanks for joining. And we're really excited to have Andrew Anagnost, the CEO of Autodesk. Andrew, thanks for coming out from the West Coast for our conference. I know you wanted to read an exciting sta ...

Autodesk, Inc. (NASDAQ:ADSK) Citi's 2024 Global TMT Conference September 5, 2024 10:50 AM ET Company Participants Andrew Anagnost - CEO Conference Call Participants Tyler Radke - Citi Tyler Radke Happy Thursday. Welcome to day two of Citi's Tech Conference. I'm Tyler Radke, Head of Software Equity Research. Thanks for joining. And we're really excited to have Andrew Anagnost, the CEO of Autodesk. Andrew, thanks for coming out from the West Coast for our conference. I know you wanted to read an exciting sta ...

JHVEPhoto Investment action I recommended a buy rating for Autodesk (NASDAQ:ADSK) when I wrote about it in mid-June this year, as I expected growth to inflect upwards to the mid-teens range as the transition to a direct sales model was tracking well and that the new GenAI product extends the growth runway for ADSK. Based on my current outlook and analysis, I recommend a buy rating. The growth outlook has gotten better, in my view, as macro indicators point to healthy construction activity ahead, and ADS ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended July 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 0-14338 AUTODESK, INC. (Exact name of registrant as specified in its charter) Delaware 94-2819853 (State or other jurisdiction of in ...

UKRAINE - 2021/04/04: In this photo illustration the Autodesk logo of an US software company is seen ... [+] on a smartphone and a pc screen. (Photo Illustration by Pavlo Gonchar/SOPA Images/LightRocket via Getty Images)SOPA Images/LightRocket via Getty ImagesAutodesk stock (NASDAQ: ADSK) price rose by 5.9% on Thursday, 29th August, even as the benchmark S&P 500 index traded sideways. Autodesk’s peer Oracle (NYSE: ORCL) did not have a good day either, with its stock barely moving the needle.Autodesk’s gains ...

The world of artificial intelligence has been experiencing a major shift in sentiment lately, especially as the leader of the technology sector recently missed expectations for the future. Shares of NVIDIA Co. NASDAQ: NVDA are now trading lower for the second consecutive day since the company announced its second-quarter 2024 earnings results. NVIDIA's current trading at 84% of its 52-week high spells caution for the rest of the sector.However, now more than ever, fundamentals matter the most. When investor ...

Core Insights - Autodesk reported second-quarter fiscal 2025 non-GAAP earnings of $2.15 per share, exceeding the Zacks Consensus Estimate by 7.5% and showing a year-over-year improvement of 12.6% [1] - The company achieved revenues of $1.5 billion, surpassing the consensus mark by 1.54% and reflecting an 11.9% year-over-year growth [1] Revenue Breakdown - Subscription revenues, which constitute 93.6% of total revenues, rose 10.9% year over year to $1.4 billion [2] - Maintenance revenues decreased 21.4% from the previous year to $11 million, while other revenues increased by 41% to $86 million [2] - Recurring revenues accounted for 97% of total revenues, with a net revenue retention rate within the targeted range of 100-110% on a constant currency basis [2] Regional Performance - Revenues from the Americas, making up 44% of total revenues, increased 12.4% year over year to $662 million [2] - EMEA revenues, representing 37.9% of total revenues, climbed 12.6% to $570 million [2] - Asia-Pacific revenues, accounting for 18.1% of total revenues, grew 9.2% to $273 million [2] Product Performance - AEC revenues, which represent 47.4% of total revenues, increased 13.7% year over year to $713 million [3] - AutoCAD and AutoCAD LT revenues rose 6.9% to $389 million, while Manufacturing revenues increased 15.6% to $296 million [3] - Media and Entertainment revenues grew 4.1% to $77 million [3] Operating Results - Non-GAAP operating income was reported at $560 million, reflecting a year-over-year increase of 14.5% [4] - The non-GAAP operating margin improved to 37%, up 1 percentage point from the previous year [4] Balance Sheet & Cash Flow - As of July 31, 2024, Autodesk had cash and cash equivalents of $1.87 billion, down from $1.99 billion as of April 30, 2024 [5] - Deferred revenues decreased 13% to $3.69 billion, while unbilled deferred revenues increased by $1.18 billion year over year to $2.17 billion [5] - Cash flow from operating activities was $212 million, an increase of $77 million compared to the previous year, with free cash flow rising to $203 million [5] Fiscal 2025 Guidance - Autodesk projects fiscal 2025 revenues between $6.08 billion and $6.13 billion, indicating approximately 11% growth [6] - Billings are estimated to be in the range of $5.88 billion to $5.98 billion, suggesting a year-over-year increase of 13-15% [6] - Non-GAAP earnings per share are expected to be between $8.18 and $8.31, with a non-GAAP operating margin projected between 35% and 36% [7]

Autodesk Inc (NASDAQ:ADSK) and MongoDB Inc (NASDAQ:MDB) are enjoying post-earnings tailwinds this morning. Both software companies reported top- and bottom-line wins for the second quarter, and also raised their annual revenue and profit forecasts.Last seen up 4.4% at $269.69, ADSK attracted no fewer than 13 price-target hikes this morning, with Morgan Stanley and Stifel adjusting their objectives to $320 from $305 and $290, respectively. Shares are trading at their highest level since March, and are on tra ...

Autodesk, Inc. ADSK posted better-than-expected second-quarter EPS and revenues on Thursday.Autodesk reported quarterly earnings of $2.15 per share which beat the analyst consensus estimate of $2.00 per share. The company reported quarterly sales of $1.50 billion which beat the analyst consensus estimate of $1.48 billion."Autodesk continues to generate strong and sustained momentum both in absolute terms and relative to peers," said Andrew Anagnost, president and CEO of Autodesk. "Our success is fueled by o ...

SAN FRANCISCO, Aug. 30, 2024 /PRNewswire/ -- Autodesk, Inc. (NASDAQ: ADSK) today announced its executives will be speaking at the following investor conferences:September 5, 2024       Citi 2024 Global TMT ConferenceSeptember 11, 2024     Goldman Sachs Communacopia & Technology ConferenceA live webcast and replay of the presentations will be available through Autodesk's Investor Relations Website at investors.autodesk.com. Please go to the website 15 minutes early to register, download and install any neces ...