Autodesk (ADSK) came out with quarterly earnings of $2.09 per share, beating the Zacks Consensus Estimate of $1.95 per share. This compares to earnings of $1.86 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 7.18%. A quarter ago, it was expected that this design software company would post earnings of $1.99 per share when it actually produced earnings of $2.07, delivering a surprise of 4.02%.Over the last four quarters, the c ...

Shares of Autodesk Inc. rose after hours on Thursday after the developer of 3-D design software reported fiscal fourth-quarter results that topped expectations. The company, whose software is used by architects and engineers to plan out projects, reported fourth-quarter net income of $282 million, or $1.31 a share, compared with $293 million, or $1.35 a share, in the same quarter last year. Adjusted for stock-based compensation, amortization, acquisition-related costs and other matters, Autodesk ADSK, ...

Revenue Growth - Fourth quarter revenue grew 11% to $1.5 billion, with a 14% increase at constant exchange rates[1] - Total revenue for the fourth quarter was $1.47 billion, with recurring revenue representing 98% of total revenue[4] - Design revenue for the fourth quarter was $1.22 billion, a 10% increase as reported and 12% on a constant currency basis[4] - Make revenue for the fourth quarter was $138 million, a 16% increase as reported and 17% on a constant currency basis[5] - Subscription plan revenue for the fourth quarter was $1.34 billion, a 10% increase as reported and 13% on a constant currency basis[5] - Full-year revenue for fiscal 2024 was $5.50 billion, a 10% increase as reported and 13% on a constant currency basis[10] - Subscription revenue increased to $1.339 billion in Q1 2024, up from $1.214 billion in Q1 2023, representing a 10.3% year-over-year growth[39] - Total net revenue for Q1 2024 reached $1.469 billion, compared to $1.318 billion in Q1 2023, reflecting an 11.5% increase[39] - Total subscriptions and maintenance revenue for Q1 2024 was $1.353 billion, up from $1.228 billion in Q1 2023, a 10.2% increase[39] Subscriptions and Performance Obligations - Fourth quarter current remaining performance obligations increased 13% to $4.0 billion[1] - Total subscriptions increased by approximately 785,000 from the end of fiscal 2023 to 7.53 million at the end of fiscal 2024[10] - Deferred revenue for Q1 2024 was $3.500 billion, up from $3.203 billion in Q1 2023, indicating a 9.3% growth[41] Operating Income and Margins - Full-year GAAP operating income was $1.13 billion, with a GAAP operating margin of 21%, up 1 percentage point[11] - Full-year non-GAAP operating income was $1.96 billion, with a non-GAAP operating margin of 36%, flat compared to the prior period[11] - Non-GAAP income from operations for Q1 2024 was $522 million, compared to $479 million in Q1 2023, a 9.0% increase[45] - Non-GAAP operating margin remained consistent at 36% for both Q1 2024 and fiscal year 2024[47] - GAAP operating margin remained stable at 21% for both Q1 2024 and fiscal year 2024[47] Net Income and Earnings Per Share - Net income for Q1 2024 was $282 million, slightly down from $293 million in Q1 2023[39] - GAAP diluted net income per share for Q1 2024 was $1.31, while non-GAAP diluted net income per share was $2.09[48] - Non-GAAP diluted net income per share for fiscal year 2024 was $7.60, up from $6.63 in fiscal year 2023[48] Operating Expenses and Compensation - Operating expenses for Q1 2024 totaled $1.024 billion, compared to $917 million in Q1 2023, a 11.7% rise[39] - Stock-based compensation expense accounted for 11% of operating margin in Q1 2024, down from 12% in Q1 2023[47] - Acquisition-related costs increased to 1% of operating margin in Q1 2024, up from 0% in Q1 2023[47] Cash Flow and Financial Position - Cash and cash equivalents at the end of Q1 2024 stood at $1.892 billion, down from $1.947 billion at the end of Q1 2023[41] - Net cash provided by operating activities for fiscal year 2024 was $1.313 billion, down from $2.071 billion in fiscal year 2023[43] - Free cash flow for Q1 2024 was $427 million, a decrease from $903 million in Q1 2023[49] - Net cash provided by operating activities for Q1 2024 was $437 million, compared to $911 million in Q1 2023[49] - Free cash flow for fiscal year 2024 was $1,282 million, down from $2,031 million in fiscal year 2023[49] - Capital expenditures for Q1 2024 were $10 million, slightly higher than $8 million in Q1 2023[49] Total Assets - Total assets as of January 31, 2024, were $9.912 billion, up from $9.438 billion as of January 31, 2023[41]

Autodesk (ADSK) is scheduled to report fourth-quarter fiscal 2024 results on Feb 29.The company anticipates revenues between $1.422 billion and $1.437 billion for the fiscal fourth quarter. The Zacks Consensus Estimate for the same is pegged at $1.43 billion, suggesting growth of 8.57% from the year-ago quarter.Autodesk projects non-GAAP earnings in the band of $1.91-$1.97 per share. The Zacks Consensus Estimate for the same is pegged at $1.95 per share, unchanged over the past 30 days. The figure indicates ...

Analysts on Wall Street project that Autodesk (ADSK) will announce quarterly earnings of $1.95 per share in its forthcoming report, representing an increase of 4.8% year over year. Revenues are projected to reach $1.43 billion, increasing 8.6% from the same quarter last year.The consensus EPS estimate for the quarter has undergone a downward revision of 0.8% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates d ...

The AECO industry is facing rising pressure to accommodate growing populations, urbanization and a global housing crisis. For example, nearly 100,000 new affordable homes need to be built every day to house an estimated 3 billion people by 2030. Additionally, the industry faces pressure to improve its sustainability; construction is one of the most wasteful industries in the world and it's responsible for nearly 40% of global CO2 emissions. "The way the AECO industry works today is not sustainable or scalab ...

SAN FRANCISCO, Feb. 5, 2024 /PRNewswire/ — Autodesk, Inc. (NASDAQ: ADSK) announced it has entered into an agreement to acquire the PIX business of X2X. PIX is a production management solution for secure review and content collaboration between creatives and executives in the media and entertainment industry throughout the production process. Autodesk enters agreement to acquire PIX of X2X Autodesk's 2023 State of Design and Make report found that media and entertainment companies cite operational effici ...

Fourth quarter fiscal 2024 financial results conference call to be held Thursday, February 29, 2024, 2 p.m. PT SAN FRANCISCO, Feb. 1, 2024 /PRNewswire/ -- Autodesk, Inc. (NASDAQ: ADSK) today announced it will share its fourth quarter fiscal 2024 financial results conference call via its website on Thursday, February 29, 2024, at 2 p.m. Pacific Time. Join the live webcast call here: autodesk.com/investors. An audio replay of the webcast will be available after 5 p.m. PT at autodesk.com/investors. More inform ...

Photographer: Michael Nagle/Bloomberg© 2024 Bloomberg Finance LPThe coming week is likely to be a consolidation period, the market is likely to move higher through 2024. Technology is the leading sector and will remain so.Autodesk ADSK has been strong and is due to sustain that strength. Relative strength has accelerated since late November. Note the two-year relative strength base in the lower weekly strip. Absolute price has broken out of a two-year formation that projects higher prices. February has been ...

We’ve all seen the headlines – America’s infrastructure is falling apart, bridges are crumbling, and major roads are chock full of potholes. The government knows infrastructure has been neglected for decades. That’s why, back in 2021, legislators passed massive spending bills totaling around $3 trillion targeted mostly at infrastructure modernization projects.Now, almost three years later, that infrastructure boom has arrived. Those federal dollars are just starting to flow into roads, bridges, airports, br ...