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Core Insights - Autodesk reported $1.57 billion in revenue for the quarter ended October 2024, marking an 11% year-over-year increase and a surprise of +0.48% over the Zacks Consensus Estimate of $1.56 billion [1] - The earnings per share (EPS) for the same period was $2.17, compared to $2.07 a year ago, resulting in an EPS surprise of +2.84% against the consensus estimate of $2.11 [1] Financial Performance Metrics - Billings reached $1.54 billion, exceeding the average estimate of $1.47 billion from five analysts [3] - Net Revenue from Maintenance was $9 million, below the average estimate of $10.84 million, reflecting a year-over-year decline of -25% [3] - Net Revenue from Other sources was $104 million, surpassing the average estimate of $99.19 million, with an 18.2% year-over-year increase [3] - Net Revenue from Subscription services was $1.46 billion, slightly above the average estimate of $1.45 billion, showing a +10.9% change year-over-year [3] - Total Subscription and Maintenance Revenue was $1.47 billion, compared to the average estimate of $1.46 billion, indicating a +10.6% year-over-year increase [3] - Net Revenue by product family in Media and Entertainment (M&E) was $83 million, exceeding the average estimate of $76.78 million, with a +13.7% year-over-year change [3] - Net Revenue from Other product family was $31 million, above the average estimate of $27.03 million, reflecting a +24% year-over-year increase [3] - Net Revenue from Architecture, Engineering and Construction (AEC) was $751 million, slightly below the average estimate of $777.31 million, with an +11.3% year-over-year change [3] - Net Revenue from Manufacturing (MFG) was $307 million, surpassing the average estimate of $285.10 million, indicating a +14.1% year-over-year increase [3] - Net Revenue from AutoCAD and AutoCAD LT was $398 million, slightly above the average estimate of $397.89 million, with a +7% year-over-year change [3] Stock Performance - Autodesk shares have returned +11.5% over the past month, outperforming the Zacks S&P 500 composite's +3.2% change [3] - The stock currently holds a Zacks Rank 4 (Sell), suggesting potential underperformance relative to the broader market in the near term [3]

Autodesk (ADSK) came out with quarterly earnings of $2.17 per share, beating the Zacks Consensus Estimate of $2.11 per share. This compares to earnings of $2.07 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 2.84%. A quarter ago, it was expected that this design software company would post earnings of $2 per share when it actually produced earnings of $2.15, delivering a surprise of 7.50%.Over the last four quarters, the comp ...

Revenue and Profitability - Total revenue increased 11% to $1.57 billion in Q3 FY25[3] - Subscription revenue for the three months ended October 31, 2024, was $1.457 billion, compared to $1.314 billion in the same period last year[42] - Total net revenue for the three months ended October 31, 2024, reached $1.570 billion, up from $1.414 billion in the previous year[42] - Gross profit for the three months ended October 31, 2024, was $1.423 billion, compared to $1.287 billion in the same period last year[42] - Net income for the three months ended October 31, 2024, was $275 million, up from $241 million in the previous year[42] - Net income for the nine months ended October 31, 2024, was $809 million, compared to $624 million in the same period in 2023[46] - Full-year FY25 revenue guidance is $6.115 billion to $6.130 billion, up approximately 11%[15] Operating Margins and Earnings - GAAP operating margin was 22%, down 2 percentage points[3] - Non-GAAP operating margin was 36%, down 3 percentage points[3] - GAAP diluted EPS was $1.27; Non-GAAP diluted EPS was $2.17[3] - Non-GAAP operating margin for the nine months ended October 31, 2024, was 36%, compared to 36% in 2023[51] - Non-GAAP income from operations for the nine months ended October 31, 2024, was $1,623 million, compared to $1,440 million in 2023[51] - Non-GAAP diluted net income per share for the nine months ended October 31, 2024, was $6.18, compared to $5.51 in 2023[53] Cash Flow and Financial Position - Cash flow from operating activities was $209 million; free cash flow was $199 million[3] - Net cash provided by operating activities for the nine months ended October 31, 2024, was $915 million, compared to $876 million in 2023[46] - Free cash flow for the nine months ended October 31, 2024, was $889 million, compared to $855 million in 2023[53] - Total current assets as of October 31, 2024, were $2.899 billion, compared to $3.579 billion as of January 31, 2024[44] - Deferred revenue as of October 31, 2024, was $3.277 billion, down from $3.500 billion as of January 31, 2024[44] - Total liabilities and stockholders' equity as of October 31, 2024, were $10.133 billion, compared to $9.912 billion as of January 31, 2024[44] Expenses and Costs - Research and development expenses for the three months ended October 31, 2024, were $378 million, up from $339 million in the same period last year[42] - Marketing and sales expenses for the three months ended October 31, 2024, were $525 million, compared to $439 million in the previous year[42] - Total operating expenses for the three months ended October 31, 2024, were $1.077 billion, up from $953 million in the same period last year[42] - Stock-based compensation expense for the nine months ended October 31, 2024, was $500 million, compared to $543 million in 2023[51] - Amortization of developed technologies for the nine months ended October 31, 2024, was $59 million, compared to $31 million in 2023[51] - Acquisition-related costs for the nine months ended October 31, 2024, were $39 million, compared to $16 million in 2023[51] Business Performance Metrics - Total billings increased 28% to $1.54 billion[5] - Recurring revenue represents 97% of total revenue[6] - Net revenue retention rate remained within the range of 100 to 110% on a constant currency basis[8] - Remaining performance obligations (RPO) increased 17% to $6.11 billion[8] - Business combinations, net of cash acquired, amounted to $801 million in the nine months ended October 31, 2024, compared to $44 million in 2023[46]

SAN FRANCISCO, Nov. 26, 2024 /PRNewswire/ -- Autodesk, Inc. (NASDAQ: ADSK) today announced the appointment of Janesh Moorjani as the company's chief financial officer, effective December 16, 2024. Moorjani brings over 20 years of experience in the technology industry, with deep expertise in driving growth and efficiency at scale. Most recently, Moorjani served as CFO and COO of Elastic NV (NYSE: ESTC), the Search AI Company.Reporting to chief executive officer Andrew Anagnost, Moorjani will lead and oversee ...

Autodesk’s (ADSK) shares have risen 26.4% year to date (YTD), underperforming the broader Zacks Computer and Technology sector’s appreciation of 27.8%.However, ADSK has outperformed the Zacks Computer – Software industry and its peers like Intuit (INTU) , ANSYS (ANSS) and Verint Systems (VRNT) .In the same time frame, INTU shares have gained 4.1%, while Ansys and Verint have declined 5.7% and 13.8%, respectively. The industry has risen 16.3% YTD. The company’s outperformance can be attributed to the strengt ...

Wall Street analysts forecast that Autodesk (ADSK) will report quarterly earnings of $2.11 per share in its upcoming release, pointing to a year-over-year increase of 1.9%. It is anticipated that revenues will amount to $1.56 billion, exhibiting an increase of 10.5% compared to the year-ago quarter.The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.Ahead ...

Autodesk (ADSK) closed the most recent trading day at $305.20, moving +1.04% from the previous trading session. The stock outperformed the S&P 500, which registered a daily gain of 0.4%. Elsewhere, the Dow lost 0.28%, while the tech-heavy Nasdaq added 1.04%. Coming into today, shares of the design software company had gained 4.23% in the past month. In that same time, the Computer and Technology sector gained 0.18%, while the S&P 500 gained 0.62%. The upcoming earnings release of Autodesk will be of great i ...

The latest trading session saw Autodesk (ADSK) ending at $286.04, denoting a +0.09% adjustment from its last day's close. The stock outpaced the S&P 500's daily loss of 0.03%. On the other hand, the Dow registered a loss of 0.61%, and the technology-centric Nasdaq increased by 0.56%. Coming into today, shares of the design software company had gained 4.54% in the past month. In that same time, the Computer and Technology sector gained 1.65%, while the S&P 500 gained 1.39%. The upcoming earnings release of A ...

Growth Stocks Overview - Growth stocks have performed exceptionally well this year, with major U.S. indexes reaching new all-time highs [1] - Earnings growth is expected to continue, providing further upside potential for stocks [1] - Key characteristics for selecting growth stocks include a robust business model, dominant market share, consistent revenue and earnings growth, free cash flow generation, and a growing total addressable market [1] Autodesk (ADSK) - Autodesk develops design software for architects, engineers, and designers, and offers a platform for data mining and process automation [3] - Revenue grew from $4.4 billion in fiscal 2022 to $5.5 billion in fiscal 2024, with net income nearly doubling from $497 million to $906 million [3] - In the first half of fiscal 2025, revenue increased 11.8% YoY to $2.9 billion, operating income rose 34% to $642 million, and free cash flow reached $651 million [3] - Total billings increased by 13% to $1.2 billion, indicating strong top-line growth [3] - Growth strategies include renewing and expanding the core design business, monetizing non-paying users, adjusting prices for inflation, and expanding into adjacent sectors like water and construction [4][5] - The company aims for annual revenue growth of 10% to 15% [5] The Trade Desk (TTD) - The Trade Desk operates a cloud-based platform for digital advertising, offering the largest connected TV inventory in the industry [6] - Revenue grew from $1.2 billion in 2021 to $1.9 billion in 2023, with net income increasing from $137.8 million to $179 million [6] - Free cash flow rose from $318.5 million in 2021 to $543.3 million in 2023 [6] - In the first half of 2024, revenue increased 27% YoY to $1.1 billion, operating income surged sixfold to $123.4 million, and net income more than doubled to $116.7 million [7] - Free cash flow for the half year stood at $233 million, and customer retention rates exceeded 95% [7] - Growth opportunities include the connected TV space, international markets, and the retail sector, with a total addressable market estimated at $900 billion [7][8] Blackline (BL) - Blackline provides a cloud platform for financial closing and accounting, leveraging AI to streamline operations [9] - Revenue grew from $425.7 million in 2021 to $590 million in 2023, with net income turning positive at $52.8 million in 2023 [9] - Free cash flow improved from $56.8 million in 2021 to $99 million in 2023 [9] - In the first half of 2024, revenue increased 12.1% YoY to $318 million, operating income surged 51.7% to $4 million, and net income excluding exceptional items rose 19% to $22.4 million [10] - Free cash flow more than doubled YoY to $78.1 million, and customer count grew at an annualized rate of 9% from 2020 to 2023 [10] - Growth strategies include a "land and expand" approach, targeting enterprise and mid-market segments, and leveraging a total addressable market worth $39 billion [11]