Autodesk Stock Price, News & Analysis

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.

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.

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.

Autodesk (NASDAQ: ADSK) will present on Driving Growth with Sustainability in the Architecture, Engineering, and Construction sectors on March 29, 2022, at 11:00 AM Eastern Time. The presentation aims to showcase how Autodesk's solutions support sustainable practices within these industries. Investors can access a live webcast and replay on Autodesk's Investor Relations website. Attendees are advised to log in 15 minutes early. For inquiries, contact Autodesk Investor Relations at 415-507-6373.

Autodesk (NASDAQ: ADSK) has announced that its executives will speak at the Berenberg Thematic Software Conference 2022 on March 2, 2022. A live webcast and replay of the presentations will be accessible on Autodesk's Investor Relations Website. Attendees should log in 15 minutes early to ensure proper setup. Autodesk aims to revolutionize design and manufacturing through its software, impacting various sectors including architecture and entertainment. For further details, contact Autodesk Investor Relations at 415-507-6373.

Autodesk, Inc. (NASDAQ: ADSK) reported a strong fourth quarter for fiscal 2022, with total revenue rising 17% to $1.21 billion. Despite a decline in GAAP operating margin to 12%, non-GAAP operating margin increased to 35%. GAAP diluted EPS was $0.40, impacted by lease-related charges, while non-GAAP diluted EPS reached $1.50. Cash flow from operations was $723 million with free cash flow at $716 million. Notably, total billings increased 13% to $1.66 billion, and recurring revenue constituted 94% of total revenue, reflecting robust subscription growth and positive future outlook.

Autodesk, Inc. (NASDAQ: ADSK) will broadcast its fourth quarter fiscal 2022 financial results on February 24, 2022, at 2:00 p.m. PT. The conference call will be available via a live webcast on Autodesk's investor relations website. After the call, an audio replay will also be accessible. For further inquiries, Autodesk Investor Relations can be contacted at 415-507-6373.

Autodesk has announced the acquisition of Moxion, a New Zealand-based cloud platform that enhances digital dailies for filmmakers. This strategic move aims to expand Autodesk's offerings beyond post-production into the production phase, thereby integrating processes across the content creation pipeline. Moxion's technology ensures secure, efficient collaboration on-set, facilitating better creative decisions. The transaction, completed in Autodesk's fiscal Q4 of 2022, will not materially impact the company's guidance for that period.

GE has appointed Scott Reese as the new CEO of GE Digital, effective February 22, 2022, succeeding Patrick Byrne. Reese, previously with Autodesk, brings extensive experience in product development and growth strategies. His leadership is expected to enhance GE Digital's role in the upcoming energy company spin-off planned for 2024. Scott Strazik, CEO of GE's global energy business, expressed confidence in Reese's capabilities to drive digital transformation and decarbonization initiatives.