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 and FMI Corporation's new study highlights that 'bad data' may have cost the global construction industry $1.85 trillion in 2020. Surveying over 3,900 professionals, they found that 30% believe more than half of their project data is 'bad', leading to poor decision-making costing $88.69 million in rework alone. The study emphasizes the importance of implementing effective data strategies to minimize project delays, budget overruns, and enhance overall decision-making quality in construction.
Autodesk (NASDAQ: ADSK) announced its executives will speak at three upcoming investor conferences in September 2021. The conferences include:
- Deutsche Bank's Virtual Technology Conference on September 9
- Citi's 2021 Global Technology Virtual Conference on September 14
- J.P. Morgan 12th Annual U.S. All Stars Conference on September 21
Live webcasts and replays will be available on Autodesk's Investor Relations Website. For inquiries, contact Autodesk Investor Relations at 415-507-6373.
Autodesk (ADSK) reported Q2 fiscal 2022 results with total revenues of $1,060 million, up 16% year-over-year. GAAP operating margin decreased by 2 percentage points to 14%, while Non-GAAP operating margin rose by 2 points to 31%. GAAP diluted EPS was $0.52, and Non-GAAP EPS was $1.21. Total billings increased by 29% to $1,015 million. Subscription plan revenue grew 21% year-over-year to $1,017 million. Cash flow from operations was $202 million, yielding free cash flow of $186 million. The company raised FY22 revenue and margin guidance, citing robust growth in new product subscriptions.
Autodesk announced plans to broadcast its Q2 fiscal 2022 financial results conference call on August 25, 2021, at 2:00 p.m. PT. The event will be accessible live via their website, with an audio replay available post-call. Additionally, Autodesk will host its Digital Investor Day on September 1, 2021, at 9:00 a.m. PT. This event aims to enhance communication with stakeholders. For further inquiries, Autodesk's Investor Relations can be reached at 415-507-6373.
Autodesk, Inc. (NASDAQ: ADSK) announces that its Autodesk Build project management solution is being utilized on over 8,000 active projects worldwide since its launch in February 2021. The platform enhances quality, safety, and cost management, creating a unified environment for project data. Notably, industry leaders like APTIM and Barton Malow are leveraging Autodesk Build to mitigate risks and improve efficiencies. Key features include centralized document management, connected data for project teams, and predictive analytics.
On July 20, 2021, Autodesk (NASDAQ: ADSK) announced the termination of its acquisition discussions with Altium Limited (ASX: ALU). Despite verbally improving their initial proposal, Autodesk could not reach an agreement to move forward. CEO Andrew Anagnost expressed respect for Altium's leadership team and wished them well. Autodesk is known for its software that supports various industries including automotive and entertainment, empowering creativity in product development.
On July 12, 2021, Autodesk announced the launch of its cloud-based digital twin platform, Autodesk Tandem, after a successful public beta. This platform aims to address inefficiencies in engineering and construction by optimizing data usage, as highlighted in a FMI report stating over 95% of data goes unused. Autodesk Tandem enhances operations and asset management for Architecture, Engineering, and Construction (AEC) firms by creating digital twins that improve operational efficiency and predictive maintenance capabilities, ultimately benefiting owners with better asset performance.
Autodesk (NASDAQ: ADSK) announced that its executives will present on Autodesk Tandem, a digital twin platform for architecture, engineering, and construction (AEC) industries, on July 12, 2021, at 11:00 AM Eastern Time. The presentation will be available via a live webcast on Autodesk's Investor Relations website. Interested parties are advised to register 15 minutes prior to the event. For further inquiries, Autodesk's Investor Relations can be contacted at 415-507-6373.
Weta Digital has partnered with Autodesk (NASDAQ: ADSK) to launch WetaM, an innovative VFX tool fully integrated with Autodesk Maya. This product will provide artists global access to Weta's proprietary tools as a subscription cloud service, marking Weta's first step into a newly formed Software-as-a-Service (SaaS) division. WetaM aims to democratize VFX production, enhancing creative capabilities for artists. The rollout is planned for a private beta in Q4, offering significant advancements in animation and visual effects.
Autodesk, Inc. (NASDAQ: ADSK) has submitted a non-binding proposal to acquire all outstanding shares of Altium Limited (ASX: ALU) at AUD$38.50 per share, representing a 41.5% premium over Altium's last closing price. The acquisition aims to integrate Altium's software solutions for PCB designers into Autodesk's portfolio, enhancing its design and manufacturing cloud platform. The proposal is subject to multiple conditions, including due diligence and regulatory approvals, with no guarantee of finalization.
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