Autodesk Inc. - ADSK STOCK NEWS

Autodesk, Inc. (ADSK) reported a 10% increase in third quarter revenue to $1.4 billion, with a 13% growth at constant exchange rates. The company's remaining performance obligations also increased by 12% year over year to $3.5 billion. Autodesk's GAAP operating margin was 24%, up 4 percentage points, and non-GAAP operating margin was 39%, up 3 percentage points. The company's diluted EPS was $1.12 (GAAP) and $2.07 (non-GAAP), with cash flow from operating activities at $18 million and free cash flow at $13 million.

Autodesk, Inc. (NASDAQ: ADSK) kicks off Autodesk University (AU), the company's annual design and make conference. Over three days, 10,000 designers, engineers, builders, and creators will unite to learn and gain inspiration for the next iterations of various products and creations. The event is available online, live and on-demand, with a free digital pass. Making its debut at AU is Autodesk AI, technology available in Autodesk products and native to its Design and Make Platform. It unlocks creativity, helps solve problems, and eliminates non-productive work across industries. Additional Autodesk AI capabilities will be unveiled at AU, including tools that automate project documentation and drawings; CNC toolpath creation; machine learning for the built environment; media production scheduling; and scene manipulation. The event also features over 600 learning sessions with industry and product experts, including mainstage sessions, panel discussions, thought leadership presentations, and Autodesk product briefings and trainings. More than 100 sessions will be led by Autodesk customers and partners demonstrating the difference Autodesk tools have made in society and around the world. AU offers free year-round access to on-demand sessions, professional development, and inspirational industry talks.

Autodesk, Inc. (NASDAQ: ADSK) Unveils Workshop XR for Improved AEC Design Reviews. Workshop XR, an immersive design review workspace connected to Autodesk Construction Cloud, allows real-time, shared experiences for better decision-making and more profitable projects. It empowers AEC teams to review and collaborate on projects, track issues, catch errors, and gain better spatial understanding. The news was announced at Autodesk University, The Design & Make Conference.

Autodesk, Inc. (NASDAQ: ADSK) announced the launch of Autodesk AI, a technology embedded in its Design and Make Platform, offering intelligent assistance and generative capabilities to enhance creativity and productivity across various industries. The company's AI Lab has published over 60 research papers, and 77% of companies plan to increase AI investment in the next three years. Autodesk AI is already available in its portfolio, providing solutions for Architecture, Engineering and Construction, Product Design and Manufacturing, and Media and Entertainment.

Autodesk, Inc. (NASDAQ: ADSK) triples education and professional development support offered during WGA and SAG-AFTRA strikes, contributing $1 million to Group Effort Initiative (GEI) to create a pipeline for underrepresented communities in the entertainment industry. The funding enables GEI to expand its educational and training opportunities over the next two years, addressing the challenges faced by below-the-line workers and young professionals in the industry.

Autodesk, Inc. (NASDAQ: ADSK) will hold its third quarter fiscal 2024 financial results conference call on November 21, 2023, at 2 p.m. PT. The live webcast will be available on the company's website, and an audio replay will be provided afterward. More information can be found on autodesk.com/investors.

Autodesk executives to speak at investor conferences.

Autodesk reports 9% revenue growth in Q2, reaching $1.3 billion. Remaining performance obligations increase by 12% YoY to $3.5 billion.

Autodesk, Inc. will hold its second quarter fiscal 2024 financial results conference call on August 23, 2023, at 2 p.m. PT. The call will be broadcasted live on Autodesk's website and an audio replay webcast will be available afterwards.