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 has appointed Sebastian Goodwin as chief trust officer, effective March 27, 2023. Goodwin, a cybersecurity leader with over 20 years of experience, will focus on ensuring security, privacy, and data ethics within the company. This strategic move aims to enhance trust in Autodesk's products and services, fostering collaboration and innovation. Raji Arasu, CTO, emphasized the importance of trust in Autodesk's relationships with stakeholders. Goodwin's background includes prior roles as chief information security officer at Nutanix and Robert Half, and he aims to fortify Autodesk's commitment to transparency and ethics.
Autodesk, Inc. (NASDAQ: ADSK) reported a record financial performance for Q4 and fiscal year 2023. Q4 revenue rose 9% to $1.32 billion, with total billings up 28% to $2.12 billion. GAAP diluted EPS reached $1.35, and non-GAAP diluted EPS was $1.86. For the full year, total revenue increased 14% to $5.01 billion, with recurring revenue making up 98%. Cash flow from operating activities hit $911 million, reflecting strong operational performance. The company noted growth momentum and strategic partnerships, setting a solid outlook for fiscal 2024.
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