Autodesk Stock Price, News & Analysis

Autodesk (NASDAQ: ADSK) has launched new initiatives, Construction Master Class and Autodesk Construction Cloud Learning Center, aiming to enhance digital skills in the construction workforce. These free resources provide online tutorials and courses in multiple languages, responding to significant labor shortages—89% of firms struggle to fill craft positions. The learning center has seen over 42,000 enrollments from 134 countries since its 2021 launch. Autodesk's efforts address the growing digital skills gap and support the industry's transition to technology-driven practices.

Autodesk has appointed Ruth Ann Keene as its new chief legal officer, returning to the company after a role at Unity Technologies. Keene brings nearly three decades of experience in the technology sector, including 11 years at Autodesk. She will manage global legal matters and oversee government affairs and public policy. CEO Andrew Anagnost expressed confidence in Keene's expertise and familiarity with Autodesk's needs. This leadership change aims to bolster Autodesk's legal framework amidst its continued growth as a technology leader.

Autodesk (NASDAQ: ADSK) will present at two investor conferences in June 2022: the Baird 2022 Global Consumer, Technology & Services Conference on June 6 and the Stifel 2022 Cross Sector Insight Conference on June 7. A live webcast of the presentations will be accessible on Autodesk's Investor Relations website, where attendees are advised to register and prepare beforehand. Autodesk remains committed to using its technology to enhance design and manufacturing across various sectors, providing innovative solutions for global challenges.

Autodesk (ADSK) reported a strong first quarter for fiscal 2023, achieving 18% year-over-year revenue growth to $1,170 million and 16% growth in billings to $1,129 million. The GAAP operating margin increased by 4 percentage points to 18%, while the non-GAAP operating margin expanded by 6 percentage points to 34%. GAAP diluted EPS was $0.67, and non-GAAP diluted EPS reached $1.43. Cash flow from operations was $434 million, with free cash flow of $422 million. The company noted resilience amidst market uncertainties and strong product performance across regions.

Autodesk will host its first quarter fiscal 2023 financial results conference call on May 26, 2022, at 2:00 p.m. PT. The call will be accessible via Autodesk's website, with a replay available post-event. This initiative is part of Autodesk's commitment to transparency with investors, allowing them to stay informed about the company's financial performance and outlook.

Autodesk, Inc. (NASDAQ: ADSK) announces that Evans General Contractors has adopted Autodesk Construction Cloud as a core part of its operations. This implementation aims to enhance project management and improve team collaboration for over 50 projects annually, generating more than $1.2 billion in annual revenue. With increasing project complexity, Autodesk's platform will facilitate rapid onboarding of new team members and streamline workflows. Additionally, Evans is utilizing Autodesk Build, Autodesk Takeoff, and other tools to connect their preconstruction teams for enhanced project delivery.

Autodesk has launched Bridge, a new collaboration tool within the Autodesk Construction Cloud that enhances data sharing among construction teams. This tool allows teams to share specific project information without disclosing all data, which minimizes data loss and miscommunication. By automating data sharing, Bridge helps reduce rework and associated costs, thus improving project timelines and budgets. It offers flexibility for general contractors, specialty trades, owners, and designers, ensuring they manage their data effectively and maintain project performance visibility.

Autodesk has announced its acquisition of The Wild, a cloud-connected extended reality (XR) platform designed for architecture, engineering, and construction (AEC) professionals. The acquisition aims to enhance Autodesk's capabilities in augmented reality (AR) and virtual reality (VR) to support AEC customers throughout project delivery. With over 700 customers globally, The Wild enables immersive collaboration, which is crucial for a remote workforce. The CEO of Autodesk emphasized the strategic importance of integrating XR technology into their Forge platform.

Autodesk (NASDAQ: ADSK) will present on Driving Growth with Sustainability in the Architecture, Engineering, and Construction sectors on March 29, 2022, at 11:00 AM Eastern Time. The presentation aims to showcase how Autodesk's solutions support sustainable practices within these industries. Investors can access a live webcast and replay on Autodesk's Investor Relations website. Attendees are advised to log in 15 minutes early. For inquiries, contact Autodesk Investor Relations at 415-507-6373.