Autodesk Stock Price, News & Analysis

Autodesk has appointed Sebastian Goodwin as chief trust officer, effective March 27, 2023. Goodwin, a cybersecurity leader with over 20 years of experience, will focus on ensuring security, privacy, and data ethics within the company. This strategic move aims to enhance trust in Autodesk's products and services, fostering collaboration and innovation. Raji Arasu, CTO, emphasized the importance of trust in Autodesk's relationships with stakeholders. Goodwin's background includes prior roles as chief information security officer at Nutanix and Robert Half, and he aims to fortify Autodesk's commitment to transparency and ethics.

Autodesk, Inc. (NASDAQ: ADSK) reported a record financial performance for Q4 and fiscal year 2023. Q4 revenue rose 9% to $1.32 billion, with total billings up 28% to $2.12 billion. GAAP diluted EPS reached $1.35, and non-GAAP diluted EPS was $1.86. For the full year, total revenue increased 14% to $5.01 billion, with recurring revenue making up 98%. Cash flow from operating activities hit $911 million, reflecting strong operational performance. The company noted growth momentum and strategic partnerships, setting a solid outlook for fiscal 2024.

Autodesk, Inc. (NASDAQ: ADSK) will broadcast its fourth quarter fiscal 2023 financial results conference call on February 23, 2023, at 2 p.m. PT. Investors can listen to the live webcast via autodesk.com/investors. An audio replay will be accessible after 5 p.m. PT on the same site. Additionally, Autodesk will host its Digital Investor Day on March 22, 2023, at 8 a.m. PT. This event aims to provide insights into the company's performance and future strategy.

Autodesk announced its participation in several upcoming investor conferences. Notably, Autodesk will be represented at the Credit Suisse 26th Annual Technology Conference and the Wells Fargo 6th Annual TMT Summit, both on November 29, 2022, followed by the Barclays Global Technology, Media and Telecommunications Conference on December 8, 2022. Investors can access live webcasts of the presentations on Autodesk's Investor Relations website. For further inquiries, Autodesk's Investor Relations can be contacted at 415-507-6373.

Autodesk reported a 14% revenue growth to $1.28 billion and a 16% increase in billings to $1.36 billion for Q3 2023. GAAP operating margin improved by 3 percentage points to 20%, with non-GAAP operating margin rising 4 percentage points to 36%. Diluted EPS stood at $0.91 (GAAP) and $1.70 (non-GAAP). The board authorized a $5 billion share repurchase program to enhance shareholder value, as demand shifted towards annual contracts. Free cash flow increased to $460 million, indicating strong cash generation despite macroeconomic challenges.