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.
SnapEDA has launched a new app for Autodesk Fusion 360 that integrates its extensive database, enabling engineers to quickly search and place millions of electronic component models. This app responds to the time-consuming challenge of creating CAD models, aiming to streamline engineering workflows. With over a million users, SnapEDA's tools significantly enhance productivity, particularly for Autodesk users who comprise over 20% of SnapEDA's audience. The app includes daily updates of new supplier content and features thousands of models, including a vast collection from Samtec.
Xometry announced the launch of an app for Autodesk Fusion 360, enabling users to obtain instant pricing and lead times without leaving the platform. This integration allows design engineers to assess the impact of design changes on cost and manufacturability in real-time, facilitating faster innovation. As an incentive, Xometry offers a 10% discount on orders via Fusion 360, while Autodesk provides a 20% discount on Fusion 360 subscriptions for Xometry suppliers. This partnership aims to enhance efficiency and transparency between design and manufacturing.
Autodesk announced the global launch of Autodesk Takeoff, a new tool that enhances 2D and 3D quantification workflows for estimators. This product aims to improve collaboration, speed, and accuracy during the estimation process. Autodesk Takeoff will complement other tools like Autodesk Build and Autodesk BIM Collaborate within the Autodesk Construction Cloud. Key features include real-time updates, multi-user project access, and improved document management, which reduce errors and enhance efficiency in project takeoffs.
Autodesk (NASDAQ: ADSK) will present at the Berenberg Design Software Conference 2021 on March 11, 2021. The event will be held virtually, and interested parties can access a live webcast and replay via Autodesk's Investor Relations Website. Attendees are encouraged to register and install any necessary software 15 minutes prior to the event. Autodesk is known for empowering creators with innovative software used in various industries including automotive and film.
Autodesk, Inc. (Nasdaq: ADSK) has appointed Debbie Clifford as chief financial officer, effective March 8, 2021, and Raji Arasu as chief technology officer, effective April 19, 2021. Clifford returns to Autodesk after 13 years, bringing extensive financial experience, while Arasu joins from Intuit, focusing on technology strategy and innovation. The leadership changes aim to infuse fresh perspectives into the company’s operations. These appointments are part of Autodesk's strategy to enhance growth and maintain its status as a leading design and make platform.
Autodesk (ADSK) reported strong financial results for Q4 FY2021, with total revenue rising 16% to $1.04 billion. The GAAP operating margin increased to 18%, and diluted EPS reached $4.10, aided by a $679 million tax asset valuation release. Total billings fell 1% to $1.47 billion. Subscription plan revenue grew 22% to $950 million, while maintenance plan revenue dropped 62%. Cash flow from operations was $658 million. The company noted an optimistic outlook for fiscal 2023 targets, bolstered by a record number of enterprise agreements and the planned acquisition of Innovyze.
Autodesk has announced a definitive agreement to acquire Innovyze for $1 billion, enhancing its position as a leader in digital water infrastructure solutions. The acquisition supports Autodesk's digital twin strategy and aims to improve water management systems. Innovyze offers advanced modeling and predictive solutions, which will be integrated with Autodesk's existing tools like Civil 3D. With global water infrastructure needs estimated at $1.9 trillion by 2030, this acquisition positions Autodesk favorably for future growth.
Autodesk, Inc. (NASDAQ: ADSK) has launched Autodesk Build, a new project and field management solution as part of the Autodesk Construction Cloud. Officially announced during Autodesk University 2020, Autodesk Build integrates features from BIM 360 and PlanGrid, enabling construction teams to manage projects efficiently. It offers real-time visibility, enhances collaboration, and streamlines document and cost management. Users can access workflows, manage safety, and digitize documents, enhancing project quality and minimizing errors. A 30-day free trial is currently available.
Autodesk (NASDAQ: ADSK) will host a live conference call to discuss its Q4 fiscal 2021 financial results on February 25, 2021, at 2:00 p.m. PT, accessible through its website. An audio replay will be available post-call after 5:00 p.m. PT. Interested parties can find more details on Autodesk's investor relations page.
Autodesk, Inc. (Nasdaq: ADSK) announced that the majority of top contractors ranked by ENR are now utilizing Autodesk Construction Cloud for critical infrastructure projects. This platform enhances collaboration among teams across various stages of construction, from planning to maintenance. Key partners include New Mexico Facilities Management Division and leading firms like Brasfield & Gorrie. With an anticipated $94 trillion needed for infrastructure by 2040, Autodesk's solutions aim to improve project efficiency and meet public spending requirements, ultimately ensuring project quality and budget management.
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