Welcome to our dedicated page for Autodesk news (Ticker: ADSK), a resource for investors and traders seeking the latest updates and insights on Autodesk stock.
Autodesk Inc. (NASDAQ: ADSK), a global leader in software solutions, has been empowering designers, engineers, architects, and creators for over three decades. Founded in 1982, Autodesk serves industries spanning architecture, engineering, construction, product design, manufacturing, and media & entertainment. Renowned for iconic software like AutoCAD, Revit, Maya, 3ds Max, Fusion 360, and SketchBook, Autodesk leverages the power of 3D design and cloud computing to facilitate collaborative and innovative projects worldwide.
Autodesk’s commitment to innovation is evident through its recent initiatives and acquisitions. The company’s cloud-based solutions and AI-driven tools are designed to streamline design, simulate fabrication, and enhance collaboration. A notable acquisition includes Wonder Dynamics, which integrates AI with 3D animation tools, further simplifying complex processes for creators.
Additionally, Autodesk's efforts in sustainability and operational efficiency are highlighted in its State of Design and Make reports. The reports reveal key industry trends and underscore Autodesk's dedication to leveraging technology for environmental benefits.
Financially, Autodesk continues to exhibit robust performance, with substantial growth in revenue and a significant customer base across 180 countries. The company’s strategic moves, including partnerships and acquisitions, aim to expand its market reach and enhance service offerings, ensuring competitiveness and sustained growth in a dynamic digital landscape.
From high-performance cars to breathtaking skyscrapers and blockbuster films, Autodesk's technology is integral to many aspects of modern life, making it a pivotal player in the design and technology space.
Autodesk (NASDAQ: ADSK) has announced the appointment of two new independent directors to its Board: John Cahill, former Chairman and CEO of Kraft Foods, and Ram Krishnan, Executive Vice President and COO of Emerson, effective immediately. The appointments follow a comprehensive search process. Additionally, Lorrie Norrington will not seek re-election at the 2025 Annual General Meeting.
Cahill brings extensive leadership experience, having overseen the Kraft-Heinz merger and served in key roles at Pepsi Bottling Group. Krishnan contributes significant industrial technology and software expertise, particularly in complex lifecycle automation. These appointments are part of Autodesk's ongoing board refreshment, with five new independent directors added in the last six years. The company plans to reduce the board size by its 2025 Annual General Meeting.
UKG has announced Sarah Hodges as its new Chief Marketing Officer, effective January 6, 2025. Hodges brings over 20 years of marketing experience from global SaaS providers, currently serving as CMO at Procore Technologies (NYSE: PCOR). She previously held various roles at Autodesk, including general manager of ShotGrid and vice president of product management.
In her new role, Hodges will report to UKG President Rachel Barger and lead brand awareness, creative experiences, product and industry marketing, field marketing, and customer advocacy. This appointment is part of UKG's recent leadership expansion, which includes new executives in key positions such as Chief Communications Officer, President CFO, and Chief Product Officer.
M-Files has appointed Jay Bhatt as CEO, following the closing of a majority recapitalization led by Haveli Investments and Bregal Milestone. Bhatt brings extensive operational experience from his previous CEO roles at Alfresco Software, Blackboard, and Progress Software. Former CEO Antti Nivala will transition to Chief Innovation Officer and continue as Chairman of the Board. The leadership change coincides with the completion of the recapitalization deal on November 29, which included participation from CrossParadigm Capital, an investment firm led by Bhatt.
Autodesk (NASDAQ: ADSK) has announced its participation in two major upcoming investor conferences in December 2024. The company will present at the UBS Global Technology and AI Conference on December 3 and the Barclays 22nd Annual Global Technology Conference on December 11.
Interested parties can access live webcasts and replays of the presentations through Autodesk's Investor Relations Website. Attendees are advised to register 15 minutes before the presentations and ensure necessary software is installed.
Autodesk (NASDAQ: ADSK) has appointed Janesh Moorjani as chief financial officer, effective December 16, 2024. Moorjani, who previously served as CFO and COO of Elastic NV, brings over 20 years of technology industry experience. He will succeed interim CFO Elizabeth 'Betsy' Rafael, who will continue as an advisor through fiscal 2025 and remain on Autodesk's Board of Directors. Moorjani's experience includes executive roles at Infoblox, VMware, Cisco, PTC, and Goldman Sachs, and he currently serves on Cohesity's Board of Directors.
Autodesk (NASDAQ: ADSK) reported strong fiscal 2025 Q3 results with total revenue increasing 11% to $1.57 billion. The company's GAAP operating margin was 22% (down 2 points), while non-GAAP operating margin was 36% (down 3 points). Total billings grew 28% to $1.54 billion, with recurring revenue representing 97% of total. Design revenue increased 9% to $1.30 billion, while Make revenue grew 28% to $171 million.
The company is raising guidance midpoints for billings, revenue, margins, earnings per share, and free cash flow. GAAP diluted EPS was $1.27, and non-GAAP diluted EPS reached $2.17. Cash flow from operating activities was $209 million, with free cash flow of $199 million.
Trane Technologies (NYSE:TT) and Autodesk (NASDAQ:ADSK) announced a strategic collaboration to optimize commercial building design for sustainability. The partnership integrates Trane's TRACE® software with Autodesk Revit to enhance MEP design efficiency and enable AI-assisted design exploration. The collaboration aims to simplify the user experience for engineers and architects by removing manual steps, expediting design processes, and promoting greater accuracy in HVAC system sizing and energy analysis. The integrated solutions will initially be available in high-BIM adoption regions like the United States and Canada.
Autodesk (NASDAQ: ADSK) has announced it will host its third quarter fiscal 2025 financial results conference call on Tuesday, November 26, 2024, at 2 p.m. Pacific Time. The call will be accessible via live webcast on the company's investor relations website. An audio replay will be made available after 5 p.m. PT on the same platform.
Esri and Autodesk (NASDAQ: ADSK) are deepening their strategic alliance by integrating Esri's authoritative geospatial reference data into Autodesk Forma. This integration aims to transform early design and planning stages for AECO professionals by providing cohesive, consistent spatial data and analytics from the outset. The collaboration brings together the strengths of GIS and BIM technologies, offering enhanced mapping capabilities and improved collaboration, potentially reducing project costs and timelines.
The integration includes access to Esri's ArcGIS basemaps and select ArcGIS Living Atlas of the World data layers, enabling architects and planners to begin designs with comprehensive geographic context. This move follows the earlier integration of ArcGIS basemaps with Autodesk Civil 3D and Autodesk AutoCAD, furthering the goal of unifying GIS and BIM technologies for AECO professionals.
Autodesk (NASDAQ: ADSK) has announced its participation in two upcoming investor conferences in September 2024. The company's executives will be presenting at the Citi 2024 Global TMT Conference on September 5 and the Goldman Sachs Communacopia & Technology Conference on September 11.
Investors and interested parties can access live webcasts and replays of these presentations through Autodesk's Investor Relations Website at investors.autodesk.com. Attendees are advised to register 15 minutes before the start of the presentations and ensure they have the necessary software installed. Additional information will be made available on the investor relations website.
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