Autodesk Stock Price, News & Analysis

Autodesk (NASDAQ: ADSK) has appointed Janesh Moorjani as chief financial officer, effective December 16, 2024. Moorjani, who previously served as CFO and COO of Elastic NV, brings over 20 years of technology industry experience. He will succeed interim CFO Elizabeth 'Betsy' Rafael, who will continue as an advisor through fiscal 2025 and remain on Autodesk's Board of Directors. Moorjani's experience includes executive roles at Infoblox, VMware, Cisco, PTC, and Goldman Sachs, and he currently serves on Cohesity's Board of Directors.

Autodesk (NASDAQ: ADSK) reported strong fiscal 2025 Q3 results with total revenue increasing 11% to $1.57 billion. The company's GAAP operating margin was 22% (down 2 points), while non-GAAP operating margin was 36% (down 3 points). Total billings grew 28% to $1.54 billion, with recurring revenue representing 97% of total. Design revenue increased 9% to $1.30 billion, while Make revenue grew 28% to $171 million.

The company is raising guidance midpoints for billings, revenue, margins, earnings per share, and free cash flow. GAAP diluted EPS was $1.27, and non-GAAP diluted EPS reached $2.17. Cash flow from operating activities was $209 million, with free cash flow of $199 million.

Trane Technologies (NYSE:TT) and Autodesk (NASDAQ:ADSK) announced a strategic collaboration to optimize commercial building design for sustainability. The partnership integrates Trane's TRACE® software with Autodesk Revit to enhance MEP design efficiency and enable AI-assisted design exploration. The collaboration aims to simplify the user experience for engineers and architects by removing manual steps, expediting design processes, and promoting greater accuracy in HVAC system sizing and energy analysis. The integrated solutions will initially be available in high-BIM adoption regions like the United States and Canada.

Autodesk (NASDAQ: ADSK) has announced it will host its third quarter fiscal 2025 financial results conference call on Tuesday, November 26, 2024, at 2 p.m. Pacific Time. The call will be accessible via live webcast on the company's investor relations website. An audio replay will be made available after 5 p.m. PT on the same platform.

Esri and Autodesk (NASDAQ: ADSK) are deepening their strategic alliance by integrating Esri's authoritative geospatial reference data into Autodesk Forma. This integration aims to transform early design and planning stages for AECO professionals by providing cohesive, consistent spatial data and analytics from the outset. The collaboration brings together the strengths of GIS and BIM technologies, offering enhanced mapping capabilities and improved collaboration, potentially reducing project costs and timelines.

The integration includes access to Esri's ArcGIS basemaps and select ArcGIS Living Atlas of the World data layers, enabling architects and planners to begin designs with comprehensive geographic context. This move follows the earlier integration of ArcGIS basemaps with Autodesk Civil 3D and Autodesk AutoCAD, furthering the goal of unifying GIS and BIM technologies for AECO professionals.

Autodesk (NASDAQ: ADSK) has announced its participation in two upcoming investor conferences in September 2024. The company's executives will be presenting at the Citi 2024 Global TMT Conference on September 5 and the Goldman Sachs Communacopia & Technology Conference on September 11.

Investors and interested parties can access live webcasts and replays of these presentations through Autodesk's Investor Relations Website at investors.autodesk.com. Attendees are advised to register 15 minutes before the start of the presentations and ensure they have the necessary software installed. Additional information will be made available on the investor relations website.

Autodesk (NASDAQ: ADSK) reported strong fiscal 2025 Q2 results, with revenue growing 12% to $1.51 billion. Key highlights include:

- GAAP operating margin increased 4 percentage points to 23%
- Non-GAAP diluted EPS rose to $2.15 from $1.91
- Cash flow from operations was $212 million, up $77 million
- Current remaining performance obligations grew 11% to $3.9 billion

The company saw broad-based growth across products and regions in AEC and manufacturing. Based on sustained momentum, Autodesk is raising guidance for billings, revenue, EPS, and free cash flow. Management cited the company's ability to capitalize on long-term growth trends in reconstruction and infrastructure as key drivers of performance.

Starboard Value LP, a significant shareholder of Autodesk (NASDAQ: ADSK), has reiterated its call for significant change at the company following reports of senior executives allegedly misleading shareholders. Bloomberg News uncovered internal documents showing Autodesk employees warned management about risks associated with multi-year, upfront billings, but executives reportedly ignored these warnings to meet financial targets. The Board's Audit Committee has acknowledged the use of misleading disclosures.

Starboard urges the Board to hold management accountable and evaluate whether CEO Andrew Anagnost is fit to lead Autodesk. The investment firm believes substantial change is needed for Autodesk to achieve its full potential, citing share price underperformance, poor financial results, and troubling disclosure and governance practices.

Starboard Value LP, a significant shareholder of Autodesk (NASDAQ: ADSK), has released a presentation highlighting urgent issues at the company. The report criticizes CEO Andrew Anagnost's seven-year tenure, citing missed financial targets, subpar profitability, and sustained share price underperformance. Starboard urges Autodesk's Board to take immediate action, including:

1. Re-evaluating the CEO's position
2. Expanding operating margins by 1,000bps or more
3. Improving budgeting practices
4. Overhauling compensation practices to align with shareholder value creation

The presentation aims to address governance, operational, and financial performance issues at Autodesk, emphasizing the need for accountability and value-enhancing opportunities.