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 ...

Financial Data and Key Metrics Changes - Autodesk reported a 12% revenue growth and 13% growth in constant currency for Q2 2025, with a strong performance in both the second quarter and the first half of the year [6][20] - Total deferred revenue decreased by 13% to $3.7 billion, impacted by the transition from upfront to annual billings for multi-year contracts [21] - Free cash flow for the quarter was $203 million, with some channel partners booking business earlier in the quarter [22] Business Line Data and Key Metrics Changes - AEC revenue grew by 15%, manufacturing revenue increased by 17%, while media and entertainment (M&E) revenue grew by 5% [20][13] - Direct revenue increased by 21%, representing 40% of total revenue, up 3 percentage points from the previous year [20] - The new transaction model did not materially contribute to Q2 results but is expected to provide a tailwind in the future [13][24] Market Data and Key Metrics Changes - The company experienced strong renewal rates but faced softness in new business in China and Korea [13] - Revenue grew by 13% in all regions on a constant currency basis, indicating broad-based growth across products and regions [20] - The underlying momentum of the business remains consistent, with increased product usage and record bid activity [9] Company Strategy and Development Direction - Autodesk is aggressively pursuing growth opportunities through investments in cloud, platform, and AI technologies [8] - The company aims to modernize its go-to-market approach to create more durable and direct relationships with customers [9] - The transition to the new transaction model is expected to enhance sales and marketing efficiency and deliver industry-leading GAAP margins [10][17] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to create shareholder value despite macroeconomic challenges [46] - The company raised its guidance for billings, revenue, earnings per share, and free cash flow for the full year, reflecting sustained momentum [25][26] - Management noted that the transition to annual billing for multi-year contracts will provide a natural tailwind to revenue and free cash flow over the next few years [29] Other Important Information - Autodesk's construction business is seeing strong momentum, particularly in infrastructure and construction sectors [31] - The company has been named the Official Design and Make platform for the LA28 Olympic and Paralympic Games, highlighting its role in significant projects [43][44] - The search for a new CFO is progressing well, with excellent candidates being considered [44] Q&A Session Summary Question: Thoughts on Starboard Value's recent letters - Management acknowledged alignment with Starboard on the potential for creating more shareholder value and highlighted the strong results delivered in a tough environment [46][49] Question: Insights on Autodesk Construction Cloud - Management noted strong momentum in the construction business, driven by a large backlog and a competitive value proposition [50][52] Question: Division of labor under the new model - Management discussed opportunities for efficiencies and productivity improvements in sales and marketing under the new transaction model [56][57] Question: Impact of co-terming on billings - Management explained that co-terming creates efficiencies in the renewal process, which is beneficial despite some short-term impacts on billings [58][59] Question: Confidence in the rollout of the new transaction model - Management expressed confidence in the successful rollout of the new transaction model in Europe and Japan, based on positive experiences in North America [61][62] Question: Demand environment ahead of US elections - Management indicated that the issues affecting customers are bipartisan, suggesting little impact on decision-making processes [66] Question: Performance and margin improvements - Management confirmed that underlying margin improvements were intentional, despite absorbing headwinds from transitions [70][71] Question: Pricing environment and discounting behavior - Management stated that the new transaction model allows for better control over pricing and discounting, benefiting partners [74][75] Question: New business trends in the quarter - Management noted resilience in the business, with AEC and manufacturing performing well, while media and entertainment faced challenges [78][79]

Autodesk (ADSK) reported $1.51 billion in revenue for the quarter ended July 2024, representing a year-over-year increase of 11.9%. EPS of $2.15 for the same period compares to $1.91 a year ago.The reported revenue represents a surprise of +1.54% over the Zacks Consensus Estimate of $1.48 billion. With the consensus EPS estimate being $2.00, the EPS surprise was +7.50%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expe ...