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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.

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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.

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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.

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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.

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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.

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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.

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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.

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Autodesk will host its first quarter fiscal 2023 financial results conference call on May 26, 2022, at 2:00 p.m. PT. The call will be accessible via Autodesk's website, with a replay available post-event. This initiative is part of Autodesk's commitment to transparency with investors, allowing them to stay informed about the company's financial performance and outlook.

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Autodesk, Inc. (NASDAQ: ADSK) announces that Evans General Contractors has adopted Autodesk Construction Cloud as a core part of its operations. This implementation aims to enhance project management and improve team collaboration for over 50 projects annually, generating more than $1.2 billion in annual revenue. With increasing project complexity, Autodesk's platform will facilitate rapid onboarding of new team members and streamline workflows. Additionally, Evans is utilizing Autodesk Build, Autodesk Takeoff, and other tools to connect their preconstruction teams for enhanced project delivery.

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Autodesk has launched Bridge, a new collaboration tool within the Autodesk Construction Cloud that enhances data sharing among construction teams. This tool allows teams to share specific project information without disclosing all data, which minimizes data loss and miscommunication. By automating data sharing, Bridge helps reduce rework and associated costs, thus improving project timelines and budgets. It offers flexibility for general contractors, specialty trades, owners, and designers, ensuring they manage their data effectively and maintain project performance visibility.

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Autodesk has announced its acquisition of The Wild, a cloud-connected extended reality (XR) platform designed for architecture, engineering, and construction (AEC) professionals. The acquisition aims to enhance Autodesk's capabilities in augmented reality (AR) and virtual reality (VR) to support AEC customers throughout project delivery. With over 700 customers globally, The Wild enables immersive collaboration, which is crucial for a remote workforce. The CEO of Autodesk emphasized the strategic importance of integrating XR technology into their Forge platform.

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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.

Autodesk Inc

Nasdaq:ADSK

ADSK Rankings

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