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, Inc. (NASDAQ: ADSK) has commenced Autodesk University (AU) 2022 in New Orleans, which runs from September 27-29. The in-person event gathers industry leaders from architecture, engineering, construction, product design, and media to address current challenges including supply chain disruptions. Autodesk is introducing three new industry clouds: Forma for AEC, Flow for media and entertainment, and Fusion for product design, aimed at enhancing digital transformation and workflow connectivity. The event includes various sessions and classes to support professional development.
Autodesk, Inc. (NASDAQ: ADSK) announced the appointment of Dara Treseder as its new chief marketing officer, effective October 14, 2022. Treseder, previously at Peloton Interactive, brings extensive experience in marketing, having worked with renowned companies like Carbon, GE, Apple, and Goldman Sachs. She is recognized for her innovative approach and has received multiple accolades including recognition from Forbes as a leading CMO. Her role will center on enhancing Autodesk's global marketing strategy, aiming to drive demand generation and elevate the brand.
Autodesk, Inc. (NASDAQ: ADSK) announced on August 25, 2022, that its executives will present at two upcoming investor conferences. The conferences are the Deutsche Bank 2022 Technology Conference on August 31, 2022, and the Citi 2022 Global Technology Conference on September 8, 2022. A live webcast and replay of these presentations will be available on Autodesk's Investor Relations website. Investors are encouraged to visit the site 15 minutes early to ensure proper setup. For further inquiries, Autodesk's Investor Relations can be contacted at 415-507-6373.
Autodesk reported a strong performance in Q2 FY2023, with revenue rising by 17% year-over-year to $1,237 million. GAAP operating margin improved to 20%, up 6 percentage points, while non-GAAP operating margin reached 36%, up 5 percentage points. GAAP diluted EPS was $0.85, a significant increase from $0.52 last year, while non-GAAP diluted EPS rose to $1.65 from $1.21. Cash flow from operations also rose to $257 million, reflecting solid growth across all key metrics.
Autodesk announced the appointment of Rami Rahim to its Board of Directors, effective immediately. Rahim, currently the CEO of Juniper Networks, brings extensive experience in networking solutions and innovation. He has held various leadership roles at Juniper since 1997, contributing significantly to its success. Andrew Anagnost, Autodesk's CEO, praised Rahim’s leadership and industry expertise, anticipating valuable contributions to the board. Rahim holds degrees from the University of Toronto and Stanford University and has 20 patents in networking technologies.
Autodesk will host its second quarter fiscal 2023 financial results conference call on August 24, 2022, at 2:00 p.m. PT. The call will be accessible via Autodesk's investor relations website. A replay of the audio will be available post-call. Autodesk, a leader in design and engineering software, aims to empower innovators across various sectors. For further inquiries, investors can contact Autodesk Investor Relations at 415-507-6373.
Autodesk (NASDAQ: ADSK) has launched new initiatives, Construction Master Class and Autodesk Construction Cloud Learning Center, aiming to enhance digital skills in the construction workforce. These free resources provide online tutorials and courses in multiple languages, responding to significant labor shortages—89% of firms struggle to fill craft positions. The learning center has seen over 42,000 enrollments from 134 countries since its 2021 launch. Autodesk's efforts address the growing digital skills gap and support the industry's transition to technology-driven practices.
Autodesk has appointed Ruth Ann Keene as its new chief legal officer, returning to the company after a role at Unity Technologies. Keene brings nearly three decades of experience in the technology sector, including 11 years at Autodesk. She will manage global legal matters and oversee government affairs and public policy. CEO Andrew Anagnost expressed confidence in Keene's expertise and familiarity with Autodesk's needs. This leadership change aims to bolster Autodesk's legal framework amidst its continued growth as a technology leader.
Autodesk (NASDAQ: ADSK) will present at two investor conferences in June 2022: the Baird 2022 Global Consumer, Technology & Services Conference on June 6 and the Stifel 2022 Cross Sector Insight Conference on June 7. A live webcast of the presentations will be accessible on Autodesk's Investor Relations website, where attendees are advised to register and prepare beforehand. Autodesk remains committed to using its technology to enhance design and manufacturing across various sectors, providing innovative solutions for global challenges.
Autodesk (ADSK) reported a strong first quarter for fiscal 2023, achieving 18% year-over-year revenue growth to $1,170 million and 16% growth in billings to $1,129 million. The GAAP operating margin increased by 4 percentage points to 18%, while the non-GAAP operating margin expanded by 6 percentage points to 34%. GAAP diluted EPS was $0.67, and non-GAAP diluted EPS reached $1.43. Cash flow from operations was $434 million, with free cash flow of $422 million. The company noted resilience amidst market uncertainties and strong product performance across regions.
FAQ
What is the current stock price of Autodesk (ADSK)?
What is the market cap of Autodesk (ADSK)?
What industries does Autodesk serve?
What are some key products offered by Autodesk?
How long has Autodesk been in operation?
What recent acquisitions has Autodesk made?
How does Autodesk contribute to sustainability?
What is Autodesk's approach to leveraging cloud technology?
How many people use Autodesk software?
What financial performance did Autodesk report recently?
What is the significance of Autodesk’s Design and Make reports?
What is Autodesk's vision for the future?
