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 filed its Form 10-K for the fiscal year ending January 31, 2024, and its Form 10-Q for the quarter ending April 30, 2024.
The company will host a conference call to discuss its Q1 fiscal 2025 financial results on Tuesday, June 11, 2024, at 2 p.m. PT.
Interested parties can join the live webcast or access the audio replay on Autodesk's investor relations website.
Autodesk (NASDAQ: ADSK) has completed an internal investigation regarding its free cash flow and non-GAAP operating margin practices. The investigation revealed no need for restatement of financial statements. Preliminary results for Q1 FY25 show revenue of approximately $1.42 billion, GAAP diluted EPS at $1.16, and non-GAAP diluted EPS at $1.87. The company also announced executive appointments, with Elizabeth Rafael as Interim CFO and Deborah Clifford as Chief Strategy Officer. Autodesk is working to file its annual report and hold an earnings call soon.
Autodesk announced the acquisition of Wonder Dynamics, a company specializing in AI-powered 3D animation and VFX solutions. Wonder Dynamics' key product, Wonder Studio, integrates with popular tools like Autodesk Maya to streamline the creation of 3D content. This acquisition aims to democratize access to advanced VFX and CGI workflows, making them more affordable and efficient. Autodesk believes this move will empower creators of all skill levels to enhance their projects with sophisticated 3D elements, aligning with its mission to innovate and support the Media & Entertainment industry. Terms of the deal were not disclosed.
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