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Autodesk Inc - ADSK STOCK NEWS

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.

News

Autodesk enters agreement to acquire PIX of X2X

Rhea-AI Summary
Autodesk, Inc. (ADSK) has announced the acquisition of PIX, a production management solution for the media and entertainment industry. The acquisition aims to improve collaboration, communication, and operational efficiency, aligning with customer needs and the company's vision. The deal is pending regulatory approval and is expected to close in fiscal year 2025.
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Autodesk extends invitation to join financial results conference call

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Autodesk, Inc. (ADSK) will hold its fourth quarter fiscal 2024 financial results conference call on February 29, 2024, at 2 p.m. PT. The live webcast can be accessed on autodesk.com/investors, with an audio replay available after 5 p.m. PT. More information will be available on the website.
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Autodesk appoints Joe Speicher as its first chief sustainability officer

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Autodesk, Inc. (ADSK) appoints Joe Speicher as the company's first chief sustainability officer, reflecting the increasing importance of sustainability in achieving growth. Speicher oversees the development and implementation of Autodesk's sustainability and impact strategy, metrics and reporting, and cross-industry initiatives focused on sustainability capabilities for customers.
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Autodesk to present at upcoming investor conferences

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Autodesk, Inc. (ADSK) executives are scheduled to speak at the UBS Global Technology Conference on November 28, 2023, and the Barclays Global Technology Conference on December 7, 2023. The presentations will be available for live webcast and replay on Autodesk's Investor Relations Website. More details can be found on autodesk.com/investors.
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AUTODESK, INC. ANNOUNCES FISCAL 2024 THIRD QUARTER RESULTS

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Autodesk, Inc. (ADSK) reported a 10% increase in third quarter revenue to $1.4 billion, with a 13% growth at constant exchange rates. The company's remaining performance obligations also increased by 12% year over year to $3.5 billion. Autodesk's GAAP operating margin was 24%, up 4 percentage points, and non-GAAP operating margin was 39%, up 3 percentage points. The company's diluted EPS was $1.12 (GAAP) and $2.07 (non-GAAP), with cash flow from operating activities at $18 million and free cash flow at $13 million.
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AI and the Design and Make Platform take the main stage at Autodesk University

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Autodesk, Inc. (NASDAQ: ADSK) kicks off Autodesk University (AU), the company's annual design and make conference. Over three days, 10,000 designers, engineers, builders, and creators will unite to learn and gain inspiration for the next iterations of various products and creations. The event is available online, live and on-demand, with a free digital pass. Making its debut at AU is Autodesk AI, technology available in Autodesk products and native to its Design and Make Platform. It unlocks creativity, helps solve problems, and eliminates non-productive work across industries. Additional Autodesk AI capabilities will be unveiled at AU, including tools that automate project documentation and drawings; CNC toolpath creation; machine learning for the built environment; media production scheduling; and scene manipulation. The event also features over 600 learning sessions with industry and product experts, including mainstage sessions, panel discussions, thought leadership presentations, and Autodesk product briefings and trainings. More than 100 sessions will be led by Autodesk customers and partners demonstrating the difference Autodesk tools have made in society and around the world. AU offers free year-round access to on-demand sessions, professional development, and inspirational industry talks.
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Autodesk Workshop XR Delivers Immersive Design Review Experience for the AEC Industry

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Autodesk, Inc. (NASDAQ: ADSK) Unveils Workshop XR for Improved AEC Design Reviews. Workshop XR, an immersive design review workspace connected to Autodesk Construction Cloud, allows real-time, shared experiences for better decision-making and more profitable projects. It empowers AEC teams to review and collaborate on projects, track issues, catch errors, and gain better spatial understanding. The news was announced at Autodesk University, The Design & Make Conference.
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Introducing Autodesk AI for Design and Make

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Autodesk, Inc. (NASDAQ: ADSK) announced the launch of Autodesk AI, a technology embedded in its Design and Make Platform, offering intelligent assistance and generative capabilities to enhance creativity and productivity across various industries. The company's AI Lab has published over 60 research papers, and 77% of companies plan to increase AI investment in the next three years. Autodesk AI is already available in its portfolio, providing solutions for Architecture, Engineering and Construction, Product Design and Manufacturing, and Media and Entertainment.
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Autodesk contributes $1 million to expand Group Effort Initiative educational programming

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Autodesk, Inc. (NASDAQ: ADSK) triples education and professional development support offered during WGA and SAG-AFTRA strikes, contributing $1 million to Group Effort Initiative (GEI) to create a pipeline for underrepresented communities in the entertainment industry. The funding enables GEI to expand its educational and training opportunities over the next two years, addressing the challenges faced by below-the-line workers and young professionals in the industry.
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Autodesk extends invitation to join financial results conference call

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Autodesk, Inc. (NASDAQ: ADSK) will hold its third quarter fiscal 2024 financial results conference call on November 21, 2023, at 2 p.m. PT. The live webcast will be available on the company's website, and an audio replay will be provided afterward. More information can be found on autodesk.com/investors.
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FAQ

What is the current stock price of Autodesk (ADSK)?

The current stock price of Autodesk (ADSK) is $298.12 as of December 20, 2024.

What is the market cap of Autodesk (ADSK)?

The market cap of Autodesk (ADSK) is approximately 63.2B.

What industries does Autodesk serve?

Autodesk serves industries in architecture, engineering, construction, product design, manufacturing, and media & entertainment.

What are some key products offered by Autodesk?

Some of Autodesk’s key products include AutoCAD, Revit, Maya, 3ds Max, Fusion 360, and SketchBook.

How long has Autodesk been in operation?

Autodesk was founded in 1982 and has been in operation for over 30 years.

What recent acquisitions has Autodesk made?

Autodesk recently acquired Wonder Dynamics, a company that integrates AI with 3D animation tools to simplify complex processes for creators.

How does Autodesk contribute to sustainability?

Autodesk's technology solutions help improve operational efficiency and enable sustainable practices in design and manufacturing, as highlighted in their State of Design and Make reports.

What is Autodesk's approach to leveraging cloud technology?

Autodesk utilizes cloud computing to facilitate collaboration, design, and simulate fabrication of ideas in 3D, making their software accessible on personal computers and mobile devices.

How many people use Autodesk software?

Over 100 million people use Autodesk’s software globally.

What financial performance did Autodesk report recently?

In the fourth quarter of fiscal 2024, Autodesk reported a revenue increase of 11 percent to $1.5 billion and a 14 percent growth in constant exchange rates.

What is the significance of Autodesk’s Design and Make reports?

Autodesk's Design and Make reports provide insights into industry trends and reveal how companies are leveraging technology for better operational efficiency and sustainability.

What is Autodesk's vision for the future?

Autodesk aims to expand beyond its design roots, applying industry insights and advanced technologies to usher in a new era of making things, empowering innovators to solve significant design, business, and environmental challenges.

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Autodesk Inc

Nasdaq:ADSK

ADSK Rankings

#214 Ranked by Market Cap
N/A Ranked by Dividends

ADSK Stock Data

63.24B
214.60M
0.17%
94.24%
1.16%
Software - Application
Services-prepackaged Software
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United States of America
SAN FRANCISCO