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.
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.
Autodesk, Inc. (NASDAQ: ADSK) will host a third quarter fiscal 2023 financial results conference call on November 22, 2022, at 2:00 p.m. PT, available via webcast on their investor relations page. A replay will be accessible post-event after 5:00 p.m. PT. The call will provide insights into financial performance and future guidance, critical for investors evaluating Autodesk's market position.
Autodesk has launched new capabilities within Autodesk Construction Cloud, enhancing access to model data for construction project teams. Key features include model-based workflows in Autodesk Build, allowing for up-to-date 3D asset tracking, improved cost management, and reality capture integration. With soaring adoption rates, over 50,000 projects have been initiated in the platform since launch, a significant increase from 8,000 in July 2021. These updates aim to streamline workflows, reduce errors, and facilitate quicker decision-making throughout the construction process.
Autodesk (NASDAQ: ADSK) announced a strategic collaboration with Epic Games on Sept. 27, 2022, to enhance immersive real-time experiences in the Architecture, Engineering, and Construction (AEC) sectors. This partnership aims to address challenges faced by Autodesk customers, including faster project delivery and cost reduction. The initial offering will integrate Epic's Twinmotion with Autodesk Revit, providing real-time visualization tools. The collaboration extends beyond AEC, as both companies plan to leverage real-time 3D technology across multiple industries, including Media & Entertainment and manufacturing.
Autodesk, Inc. (NASDAQ: ADSK) has commenced Autodesk University (AU) 2022 in New Orleans, which runs from September 27-29. The in-person event gathers industry leaders from architecture, engineering, construction, product design, and media to address current challenges including supply chain disruptions. Autodesk is introducing three new industry clouds: Forma for AEC, Flow for media and entertainment, and Fusion for product design, aimed at enhancing digital transformation and workflow connectivity. The event includes various sessions and classes to support professional development.
Autodesk, Inc. (NASDAQ: ADSK) announced the appointment of Dara Treseder as its new chief marketing officer, effective October 14, 2022. Treseder, previously at Peloton Interactive, brings extensive experience in marketing, having worked with renowned companies like Carbon, GE, Apple, and Goldman Sachs. She is recognized for her innovative approach and has received multiple accolades including recognition from Forbes as a leading CMO. Her role will center on enhancing Autodesk's global marketing strategy, aiming to drive demand generation and elevate the brand.
Autodesk, Inc. (NASDAQ: ADSK) announced on August 25, 2022, that its executives will present at two upcoming investor conferences. The conferences are the Deutsche Bank 2022 Technology Conference on August 31, 2022, and the Citi 2022 Global Technology Conference on September 8, 2022. A live webcast and replay of these presentations will be available on Autodesk's Investor Relations website. Investors are encouraged to visit the site 15 minutes early to ensure proper setup. For further inquiries, Autodesk's Investor Relations can be contacted at 415-507-6373.
Autodesk reported a strong performance in Q2 FY2023, with revenue rising by 17% year-over-year to $1,237 million. GAAP operating margin improved to 20%, up 6 percentage points, while non-GAAP operating margin reached 36%, up 5 percentage points. GAAP diluted EPS was $0.85, a significant increase from $0.52 last year, while non-GAAP diluted EPS rose to $1.65 from $1.21. Cash flow from operations also rose to $257 million, reflecting solid growth across all key metrics.