Autodesk Stock Price, News & Analysis

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.

Autodesk (NASDAQ: ADSK) will present at the Citi 2021 Silicon Valley Virtual Tech Bus Tour on June 7, 2021. Executives will speak about the company’s innovative software used across various industries, impacting everything from automotive design to filmmaking. A live webcast and replay of the presentation will be available on Autodesk's Investor Relations Website. Attendees are advised to register and prepare their systems 15 minutes prior to the event.

Autodesk (NASDAQ: ADSK) announced its participation in several upcoming investor conferences. Key dates include:

• June 8, 2021 - Stifel 2021 Virtual Cross Sector Insight Conference
• June 9, 2021 - Baird 2021 Global Consumer, Technology & Services Conference
• June 10, 2021 - Morgan Stanley 6th Annual Sustainable Futures Conference
• June 15, 2021 - Berenberg Thematic Software Days Conference 2021
• June 16, 2021 - Nasdaq 44th Virtual Investor Conference

Webcasts of these presentations will be available via Autodesk's Investor Relations Website.

Autodesk (Nasdaq: ADSK) has announced the retirement of Pascal W. Di Fronzo, its executive vice president of corporate affairs and chief legal officer, after 23 years of service. Di Fronzo, who joined Autodesk in 1998 and became general counsel in 2006, has contributed significantly to the company's legal matters and corporate development. He will remain in his role until December 2021 while a search for his successor begins. Di Fronzo received the Legends in Law Award in recognition of his impactful contributions during his tenure.

Autodesk reported Q1 fiscal 2022 results with total revenue reaching $989 million, a 12% increase year-over-year. GAAP diluted EPS improved to $0.70 from $0.30 last year, while non-GAAP diluted EPS rose to $1.03 compared to $0.85. Cash flow from operations was $336 million, reflecting a 2% operational cash flow increase. The company raised its FY22 revenue guidance, buoyed by strong subscription growth and robust market momentum. Maintenance plan revenue significantly decreased by 69%, impacting overall performance.

Autodesk, Inc. (NASDAQ: ADSK) will broadcast its Q1 fiscal 2022 financial results conference call on May 27, 2021, at 2:00 p.m. PT. The live webcast can be accessed via their investor website. An audio replay will be available post-call from 5:00 p.m. PT. Autodesk is renowned for its software solutions across various industries, enhancing the creation of innovative products and infrastructure.

On April 15, 2021, Autodesk announced its agreement to acquire Upchain, a provider of cloud-based product lifecycle management solutions. This acquisition aims to enhance collaboration among engineers and manufacturers by eliminating barriers in product data management. Upchain's platform will integrate with Autodesk’s existing offerings, enabling seamless data movement across various CAD systems. The transaction, subject to customary closing conditions, is expected to finalize in Autodesk's Q2 of fiscal 2022, ending July 31, 2021. This move aligns with Autodesk's strategy to bolster its end-to-end design and manufacturing solutions.