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 reports developments tied to its design and make software platform for architects, engineers, builders, manufacturers, media creators, and other professional users. Company news commonly covers AutoCAD, Fusion, the Design and Make Platform, cloud and AI initiatives, product packaging, small-business programs, and partnerships that apply Autodesk tools to manufacturing, construction, entertainment, and related design workflows.
Autodesk updates also include quarterly financial results, billings and subscription trends, investor conference appearances, board and governance matters, and operating changes connected to its go-to-market strategy. These announcements frame Autodesk as a software company with recurring revenue metrics, industry-cloud products, and customer segments across architecture, engineering, construction, manufacturing, and media.
Autodesk, Inc. (NASDAQ: ADSK) announced its participation in the Citi's 2020 Global Technology Conference on September 9, 2020. The conference will be held virtually, with a live webcast available for investors on Autodesk's Investor Relations Website. Interested participants should log on 15 minutes early to prepare. For inquiries, Autodesk's Investor Relations can be contacted at 415-507-6373.
Autodesk specializes in software solutions that empower creators across various industries.
Autodesk reported strong second-quarter fiscal 2021 results, with total revenue increasing by 15% year-over-year to $913 million. GAAP operating margin rose to 16%, while non-GAAP operating margin climbed to 29%. GAAP diluted EPS was $0.44, and non-GAAP diluted EPS reached $0.98. However, total billings fell 12% to $787 million. Recurring revenue constituted 98% of total revenue. Despite challenges, the company demonstrated resilience and adaptability, driven by strong cloud-based solutions and healthy renewal rates.
Autodesk has successfully acquired Pype, enhancing its Autodesk Construction Cloud suite with Pype's cloud-based software solutions. This acquisition, effective during Autodesk's FY 2021 Q3, focuses on automating workflows for the construction industry, particularly in project closeout and submittals. Pype's AI-driven offerings promise improved productivity and risk management. This marks Autodesk's fourth acquisition in construction, following Assemble, PlanGrid, and BuildingConnected, reinforcing their commitment to innovation in construction project management.
Autodesk has announced a conference call to discuss its second quarter fiscal 2021 financial results, scheduled for August 25, 2020, at 2:00 p.m. PT. The call will be broadcast live on Autodesk's investor relations website, with an audio replay available thereafter. This event presents an opportunity for investors to gain insights into Autodesk's financial performance and future outlook. For inquiries, Autodesk's Investor Relations can be contacted at 415-507-6373.
Autodesk, Inc. (NASDAQ: ADSK) has announced the acquisition of Pype, a cloud-based construction project management software provider. This acquisition aims to enhance Autodesk Construction Cloud by automating workflows related to submittals and project closeouts, ultimately boosting productivity and minimizing risk. Pype's technology utilizes AI to reduce manual data entry errors and streamline processes. Autodesk's CEO emphasizes the strategic importance of this acquisition for improving collaboration and resilience in the construction industry. The transaction is expected to close in Autodesk's third fiscal quarter of 2021.