Autodesk Stock Price, News & Analysis

Autodesk (NASDAQ: ADSK) will host a live conference call to discuss its Q4 fiscal 2021 financial results on February 25, 2021, at 2:00 p.m. PT, accessible through its website. An audio replay will be available post-call after 5:00 p.m. PT. Interested parties can find more details on Autodesk's investor relations page.

Autodesk, Inc. (Nasdaq: ADSK) announced that the majority of top contractors ranked by ENR are now utilizing Autodesk Construction Cloud for critical infrastructure projects. This platform enhances collaboration among teams across various stages of construction, from planning to maintenance. Key partners include New Mexico Facilities Management Division and leading firms like Brasfield & Gorrie. With an anticipated $94 trillion needed for infrastructure by 2040, Autodesk's solutions aim to improve project efficiency and meet public spending requirements, ultimately ensuring project quality and budget management.

On December 16, 2020, Autodesk (NASDAQ: ADSK) announced that over 4,000 specialty contractors are now utilizing its Construction Cloud technology across various segments, including mechanical and HVAC. Notable adopters like Helm Mechanical and Veit & Company standardized their workflows to enhance collaboration and minimize risks. The technology aims to streamline project management and improve efficiency, helping contractors tackle increasing project complexities. Autodesk's solutions enable real-time communication, document management, and effective collaboration.

Autodesk, Inc. (NASDAQ: ADSK) has finalized its acquisition of Spacemaker, based in Oslo, Norway, for a net cash of $240 million. This marks Autodesk's thirteenth acquisition in design and construction solutions over the past three years. Spacemaker's technology aids architects and urban designers in optimizing design options based on various criteria, supporting sustainability efforts. Notable outcomes for clients include significant reductions in project costs and increased value from their developments. The acquisition is expected to enhance Autodesk's automation and design capabilities for its customers.

Autodesk, Inc. (NASDAQ: ADSK) reported strong Q3 fiscal 2021 results, with revenue of $952 million, up 13% year-over-year. The GAAP operating margin improved to 18%, while the non-GAAP operating margin reached 30%. GAAP EPS stood at $0.59, and non-GAAP EPS was $1.04. Positive cash flow from operations totaled $361 million. Enterprise customer engagement and subscription renewals fueled growth, despite a 1% decrease in total billings. The company anticipates continued double-digit growth moving forward, backed by a robust cloud-based platform.

Autodesk (NASDAQ: ADSK) announced its participation in several upcoming virtual investor conferences. Key events include the Berenberg European Conference 2020 and Credit Suisse 24th Annual Technology Conference, both on November 30, 2020, followed by Wells Fargo Securities TMT Summit on December 1, 2020, Nasdaq Virtual Investor Conference on December 4, 2020, and Barclays Global Technology Conference on December 9, 2020. A live webcast of the presentations will be available on Autodesk's Investor Relations website.

Autodesk announced the upcoming launch of Autodesk Tandem at Autodesk University on November 17, 2020. This innovative tool integrates diverse project data into a centralized digital hub, offering a comprehensive digital twin for asset management. By connecting digital models to their physical counterparts, Autodesk Tandem enhances operational insights and decision-making for owners and operators. Autodesk emphasizes the importance of maintaining data continuity through project stages, as 80% of an asset's value is realized during operations. The platform aims to streamline digital handover and improve project performance.

On November 17, 2020, Autodesk unveiled new products under its Autodesk Construction Cloud, including Autodesk Build, Autodesk Quantify, and Autodesk BIM Collaborate. These innovations aim to connect data and improve collaboration throughout the construction lifecycle. Autodesk Build integrates features from PlanGrid and BIM 360 for enhanced project management. Autodesk Quantify automates 2D and 3D quantification, while Autodesk BIM Collaborate streamlines design collaboration and coordination. The solutions offer a unified platform to enhance operational efficiency and data-driven decision-making.

Autodesk (NASDAQ: ADSK) has announced a definitive agreement to acquire Spacemaker for $240 million. Based in Oslo, Norway, Spacemaker leverages AI and generative design to enhance early-stage architectural decisions, promoting sustainability and maximizing property investments. The acquisition, expected to close in Autodesk's fourth quarter of fiscal 2021, aims to improve design efficiency and user-centric automation. Notable executives highlighted the significance of this integration for transforming urban planning amid rising global urban populations.