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.
News about Autodesk, Inc. (NASDAQ: ADSK) focuses on its role as a global Design and Make software company and on the financial and strategic developments that shape its business. Autodesk regularly issues press releases and Form 8-K filings reporting quarterly financial results, key performance metrics, and guidance for future periods. These updates cover revenue trends across its Design, Make, and Other product types, as well as performance by geographic regions and product families such as AECO, AutoCAD and AutoCAD LT, Manufacturing, and Media and Entertainment.
Investors following ADSK news will see announcements about earnings results, billings, recurring revenue, free cash flow, and operating margins, often accompanied by commentary from Autodesk’s leadership. The company also provides business outlooks and discusses macroeconomic assumptions, tax rate expectations, and the use of non-GAAP financial measures to supplement GAAP reporting.
Beyond earnings, Autodesk news highlights product and platform developments, especially in AI and media and entertainment. For example, Autodesk has launched Autodesk Flow Studio, an AI-powered VFX and animation tool, and introduced freemium and tiered pricing to make professional-grade AI tools more accessible to creators. News releases also describe partnerships, such as Autodesk’s multi-year collaboration with the Kraft Group as the Official Design and Make Platform for the New England Patriots, and its designation as the Official Design and Make Platform of the LA28 Olympic and Paralympic Games and Team USA.
Autodesk also announces investor events, including participation in technology and AI conferences and digital investor days, as well as invitations to quarterly financial results conference calls. For anyone tracking ADSK, this news stream provides insight into Autodesk’s financial performance, strategic direction in cloud, platform, and AI, and the ways its technology is used across architecture, construction, manufacturing, and media and entertainment.
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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.