NEW YORK, June 12, 2024 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Autodesk, Inc. (NASDAQ: ADSK) between June 1, 2023 and April 16, 2024, both dates inclusive (the “Class Period”), of the important June 24, 2024 lead plaintiff deadline in the securities class action first filed by the Firm. SO WHAT: If you purchased Autodesk securities during the Class Period you may be entitled to compensation without payment of any out of pocket fee ...

Core Viewpoint - Goldman Sachs analyst Kash Rangan maintained a Sell rating on Autodesk Inc (ADSK) and lowered the price target from $230 to $225, indicating concerns about the company's growth prospects and reliance on pricing strategies [1]. Group 1: Company Positioning - Autodesk is recognized as a category leader with a dominant market position in design and engineering software [1]. - The company has strong competitive positioning and relative stickiness, which could allow it to command operating margins exceeding 40% in the long term [1]. Group 2: Financial Performance and Growth Concerns - Rangan acknowledged Autodesk's performance in fiscal Q1 2025 but expressed concerns about the company's increasing reliance on pricing in its core design business, which contributes approximately half of its 10-15% mid-term growth target [1]. - The analyst raised doubts about the achievability of Autodesk's $95 billion Total Addressable Market (TAM) by fiscal 2027 and the potential for revenue growth to align with the midpoint of its 10-15% growth framework [1]. - With an already mature adjusted operating margin profile of over 35%, continued leverage may be limited, raising concerns about the sustainability of Autodesk's mid-term Free Cash Flow (FCF) [2]. Group 3: Market Reaction - Autodesk shares experienced a price increase of 5.32%, trading at $222.76 during the last check on Wednesday [2].

Autodesk (ADSK) reported first-quarter fiscal 2025 non-GAAP earnings of $1.87 per share, which beat the Zacks Consensus Estimate by 5.06% and improved 20.6% year over year.The company reported revenues of $1.42 billion, which beat the consensus mark by 1.46%. The figure grew 11.7% year over year. The upside was driven by steady subscription renewal rates, new business growth and strong competitive performance.Top-Line DetailsAutodesk’s subscription revenues (93.9% of total revenues) increased 11.5% year ove ...

NEW YORK, June 12, 2024 (GLOBE NEWSWIRE) -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Autodesk, Inc. ("Autodesk" or the "Company") (NASDAQ:ADSK) and reminds investors of the June 24, 2024 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company. Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $100,000 In Autode ...

NEW YORK, June 12, 2024 (GLOBE NEWSWIRE) -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Autodesk, Inc. (“Autodesk” or the “Company”) (NASDAQ: ADSK) and reminds investors of the June 24, 2024 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company. Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $100,000 In Autod ...

After reporting the year's first quarter results, Autodesk Inc. shares NASDAQ: ADSK are trading lower by over 3% to end the day. However, the company's financial results are far from those that would warrant such price action, and Wall Street analysts have noticed this fact.Autodesk TodayADSKAutodesk$218.28 +6.78 (+3.21%) 52-Week Range$192.01▼$279.53P/E Ratio51.85Price Target$269.05Add to WatchlistOutside of the post-earnings reaction in the stock price, shares of Autodesk are trading at a compressed 76% of ...

For the quarter ended April 2024, Autodesk (ADSK) reported revenue of $1.42 billion, up 11.7% over the same period last year. EPS came in at $1.87, compared to $1.55 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $1.4 billion, representing a surprise of +1.46%. The company delivered an EPS surprise of +5.06%, with the consensus EPS estimate being $1.78.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they co ...

Autodesk (ADSK) came out with quarterly earnings of $1.87 per share, beating the Zacks Consensus Estimate of $1.78 per share. This compares to earnings of $1.55 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 5.06%. A quarter ago, it was expected that this design software company would post earnings of $1.95 per share when it actually produced earnings of $2.09, delivering a surprise of 7.18%.Over the last four quarters, the c ...

Revenue Performance - First quarter revenue increased by 12% year-over-year to $1.42 billion, with a 13% increase at constant exchange rates[2] - Total net revenue for the three months ended April 30, 2024, was $1,417 million, a 16.4% increase from $1,269 million in the same period of 2023[35] - Subscription revenue reached $1,330 million, up 11.5% from $1,193 million year-over-year[35] - The company expects FY25 revenue guidance between $5.99 billion and $6.09 billion, representing a 9% to 11% increase[14] - For Q2 FY25, revenue is projected to be between $1.475 billion and $1.490 billion, with GAAP EPS guidance of $1.12 to $1.18[14] Profitability Metrics - GAAP operating margin improved by 4 percentage points to 21%, while non-GAAP operating margin increased by 3 percentage points to 35%[2] - GAAP diluted EPS was $1.16, up from $0.75 in the same quarter last year, and non-GAAP diluted EPS was $1.87, compared to $1.55[6] - Net income for the quarter was $252 million, compared to $161 million in the prior year, reflecting a 56.5% increase[35] - GAAP diluted net income per share increased to $1.16, up from $0.75 in the same quarter last year[40] - Non-GAAP operating margin improved to 35.9% from 32% year-over-year[40] Cash Flow and Assets - Operating cash flow for the quarter was $494 million, down from $723 million in the previous year[38] - Autodesk's cash and cash equivalents at the end of the period were $1,681 million, down from $1,892 million at the beginning of the quarter[38] - Net cash provided by operating activities was $494 million, down from $723 million[41] - Capital expenditures were $(7) million, indicating a decrease compared to $487 million[41] - Free cash flow amounted to $714 million[41] Billing and Revenue Composition - Total billings decreased by 5% to $1.11 billion, with recurring revenue representing 97% of total revenue[3] - Design revenue rose by 10% to $1.20 billion, while Make revenue increased by 20% to $145 million[3] - Current remaining performance obligations increased by 12% year-over-year to $3.92 billion[6] Strategic Focus - Autodesk aims for an industry-leading 'Rule of Forty' ratio of 45 or more, focusing on advancements in 3D AI and cloud services[2] - Net revenue retention rate remained stable within the range of 100% to 110% on a constant currency basis[4] Liabilities and Financial Position - Total current liabilities increased to $4,097 million from $4,351 million in the previous quarter[37] - Total assets as of April 30, 2024, were $9,830 million, a decrease from $9,912 million at the end of January 2024[37] - The company reported a significant increase in accounts receivable, totaling $353 million, down from $876 million in January 2024[37]

- First quarter revenue grew 12 percent, and 13 percent at constant exchange rates, to $1.4 billion. - Current remaining performance obligations were $3.9 billion, up 12 percent year over year. SAN FRANCISCO, June 11, 2024 /PRNewswire/ -- Autodesk, Inc. (NASDAQ: ADSK) today reported financial results for the first quarter of fiscal 2025. All growth rates are compared to the first quarter of fiscal 2024, unless otherwise noted. A reconciliation of GAAP to non-GAAP results is provided in the accompanying tabl ...