Autodesk Inc - ADSK STOCK NEWS

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.

On December 16, 2020, Autodesk (NASDAQ: ADSK) announced that over 4,000 specialty contractors are now utilizing its Construction Cloud technology across various segments, including mechanical and HVAC. Notable adopters like Helm Mechanical and Veit & Company standardized their workflows to enhance collaboration and minimize risks. The technology aims to streamline project management and improve efficiency, helping contractors tackle increasing project complexities. Autodesk's solutions enable real-time communication, document management, and effective collaboration.

Autodesk, Inc. (NASDAQ: ADSK) has finalized its acquisition of Spacemaker, based in Oslo, Norway, for a net cash of $240 million. This marks Autodesk's thirteenth acquisition in design and construction solutions over the past three years. Spacemaker's technology aids architects and urban designers in optimizing design options based on various criteria, supporting sustainability efforts. Notable outcomes for clients include significant reductions in project costs and increased value from their developments. The acquisition is expected to enhance Autodesk's automation and design capabilities for its customers.

Autodesk, Inc. (NASDAQ: ADSK) reported strong Q3 fiscal 2021 results, with revenue of $952 million, up 13% year-over-year. The GAAP operating margin improved to 18%, while the non-GAAP operating margin reached 30%. GAAP EPS stood at $0.59, and non-GAAP EPS was $1.04. Positive cash flow from operations totaled $361 million. Enterprise customer engagement and subscription renewals fueled growth, despite a 1% decrease in total billings. The company anticipates continued double-digit growth moving forward, backed by a robust cloud-based platform.

Autodesk (NASDAQ: ADSK) announced its participation in several upcoming virtual investor conferences. Key events include the Berenberg European Conference 2020 and Credit Suisse 24th Annual Technology Conference, both on November 30, 2020, followed by Wells Fargo Securities TMT Summit on December 1, 2020, Nasdaq Virtual Investor Conference on December 4, 2020, and Barclays Global Technology Conference on December 9, 2020. A live webcast of the presentations will be available on Autodesk's Investor Relations website.