- First quarter revenue grew 12 percent, and 13 percent at constant exchange rates, to $1.4 billion. - Current remaining performance obligations were $3.9 billion, up 12 percent year over year. SAN FRANCISCO, June 11, 2024 /PRNewswire/ -- Autodesk, Inc. (NASDAQ: ADSK) today reported financial results for the first quarter of fiscal 2025. All growth rates are compared to the first quarter of fiscal 2024, unless otherwise noted. A reconciliation of GAAP to non-GAAP results is provided in the accompanying tabl ...

NEW YORK, June 10, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, reminds investors that a class action lawsuit has been filed against Autodesk, Inc. (“Autodesk” or the “Company”) (NASDAQ: ADSK) in the United States District Court for the Northern District of California on behalf of all persons and entities who purchased or otherwise acquired Autodesk securities between June 1, 2023 and April 16, 2024, both dates inclusive (the “Class Period”). Inv ...

First quarter fiscal 2025 financial results conference call to be held Tuesday, June 11, 2024, 2 p.m. PTSAN FRANCISCO, June 10, 2024 /PRNewswire/ -- Autodesk, Inc. (NASDAQ: ADSK) has filed today its Form 10-K for the year ended January 31, 2024 and its Form 10-Q for the quarter ended April 30, 2024. Autodesk will host a conference call to discuss its first quarter fiscal 2025 financial results via its website on Tuesday, June 11, 2024, at 2 p.m. Pacific Time. Join the live webcast call here: autodesk.com/in ...

Revenue and Financial Performance - Total net revenue for Q1 2024 was $1.417 billion, up from $1.269 billion in Q1 2023, representing an 11.7% year-over-year increase[23] - Architecture, Engineering and Construction product family generated $674 million in revenue, a 15.8% increase from $582 million in Q1 2023[23] - Americas region contributed $619 million in revenue, with the U.S. accounting for $509 million, a 11.6% increase from $456 million in Q1 2023[24] - Indirect sales channel generated $880 million in revenue, representing 62.1% of total net revenue[25] - Revenue recognized from deferred revenue balances was $1.19 billion in Q1 2024, up from $1.06 billion in Q1 2023[30] - Net income for Q1 2024 was $252 million, compared to $161 million in Q1 2023, representing a 56.5% increase[112] - Basic net income per share for Q1 2024 was $1.17, up from $0.75 in Q1 2023[112] - Diluted net income per share for Q1 2024 was $1.16, compared to $0.75 in Q1 2023[112] - Net income for the three months ended April 30, 2024, was $252 million, contributing to an increase in total stockholders' equity to $2.161 billion[103] Acquisitions and Investments - Autodesk acquired Payapps Limited for $387 million in cash on February 20, 2024, to enhance its construction payment management offering[62] - Autodesk acquired the PIX business of X2X, LLC for $266 million in cash on March 15, 2024, to improve production management in the media and entertainment industry[63] - Autodesk acquired Aether Media, Inc. for $131 million on May 20, 2024, enhancing AI capabilities for VFX creation tools[114] - Goodwill from acquisitions is expected to be deductible for U.S. income tax purposes, with PIX's goodwill ranging between $180 million to $190 million, while Payapps' goodwill deduction is pending[64] - Total intangible assets increased from $406 million as of January 31, 2024, to $572 million as of April 30, 2024, driven by acquisitions[64] - The fair value of assets acquired in the Payapps and PIX acquisitions totaled $647 million, including $491 million in goodwill[64] - Strategic investments in equity securities totaled $163 million as of April 30, 2024, with cumulative net unrealized adjustments of $(85) million[40][41] Cash Flow and Financial Instruments - Net cash provided by operating activities for Q1 2024 was $494 million, down from $723 million in Q1 2023[192] - Net cash used in investing activities for Q1 2024 was $638 million, primarily due to business combinations and purchases of marketable securities[194] - Net cash used in financing activities for Q1 2024 was $61 million, primarily due to taxes paid related to net share settlement of equity awards[194] - Cash equivalents decreased from $693 million on January 31, 2024, to $592 million on April 30, 2024, primarily due to a reduction in money market funds[43][45] - Marketable securities increased slightly from $1.022 billion on January 31, 2024, to $934 million on April 30, 2024, with long-term corporate debt securities rising from $104 million to $107 million[43][45] - Total financial instruments measured at fair value as of April 30, 2024, were $1.633 billion, with Level 1 assets at $699 million and Level 2 assets at $934 million[43] - Marketable debt securities with fair value of $546 million were classified by maturity, with $276 million due within 1 year[37] Stock-Based Compensation and Equity - The fair value of shares vested during the three months ended April 30, 2024, was $396 million, compared to $274 million in the same period in 2023[47] - Autodesk granted 2 million restricted stock units during the three months ended April 30, 2024, with a stock-based compensation expense of $127 million[48] - Performance stock units granted during the three months ended April 30, 2024, totaled 7 thousand, with a stock-based compensation expense of $6 million[48][49] - Autodesk recorded stock-based compensation expense related to common stock shares of $1 million for the three months ended April 30, 2024, down from $6 million in the same period in 2023[50] - Autodesk repurchased 33 thousand shares at an average repurchase price of $254.81 per share during the three months ended April 30, 2024, with $4.73 billion remaining available for repurchase under the November 2022 repurchase program[103] - Autodesk repurchased 33,000 shares of common stock in February 2024 at an average price of $254.81 per share, with $4.73 billion remaining available under the repurchase program[195][196] Leases and Liabilities - Operating lease cost for the three months ended April 30, 2024, was $17 million, with $2 million allocated to cost of subscription and maintenance revenue, $7 million to marketing and sales, $5 million to research and development, and $3 million to general and administrative[78] - Variable lease cost for the three months ended April 30, 2024, was $4 million, with $2 million allocated to marketing and sales, $1 million to research and development, and $1 million to general and administrative[78] - The present value of operating lease liabilities as of April 30, 2024, was $329 million, with maturities of $55 million for the remainder of fiscal 2025, $79 million for 2026, $58 million for 2027, $48 million for 2028, $40 million for 2029, and $78 million thereafter[79] - Cash paid for operating leases included in operating cash flows was $23 million for the three months ended April 30, 2024, and $28 million for the three months ended April 30, 2023[79] - Sublease income was $2 million for both the three months ended April 30, 2024 and 2023, with expected sublease income payments of approximately $40 million for remaining fiscal 2025 through fiscal 2029 and $30 million thereafter[80] - The weighted average remaining lease term for operating leases was 6.0 years at April 30, 2024, and 6.2 years at January 31, 2024, with a weighted average discount rate of 2.89% and 2.86%, respectively[79] Debt and Credit Facilities - The company has an unsecured revolving credit facility of $1.5 billion, with an option to increase it to $2.0 billion, and no outstanding borrowings as of April 30, 2024[72] - Autodesk issued $1.0 billion in 2.4% sustainability bonds in October 2021, with net proceeds of $988 million used for environmentally and socially responsible projects[73] - The company's total principal outstanding for borrowings as of April 30, 2024, was $2.3 billion, with $1.5 billion due after 2029[76] Deferred Revenue and Performance Obligations - Remaining performance obligations as of April 30, 2024, totaled $5.89 billion, with $3.92 billion (66%) expected to be recognized as revenue within the next 12 months[27] - Sales commissions recognized as costs to obtain a contract with a customer increased to $217 million as of April 30, 2024, from $210 million as of January 31, 2024[69] - The company's deferred compensation liability totaled $107 million as of April 30, 2024, with $10 million classified as current and $97 million as non-current[68] Cloud Computing and Intangible Assets - Cloud computing arrangements' capitalized costs increased from $254 million as of January 31, 2024, to $271 million as of April 30, 2024[66] - Amortization expense for cloud computing arrangements was $13 million for the three months ended April 30, 2024, compared to $9 million in the same period in 2023[66] Foreign Currency and Hedging - The notional amounts of foreign currency contracts designated as cash flow hedges were $1.48 billion at April 30, 2024, and $1.25 billion at January 31, 2024[85] - The notional amounts of foreign currency contracts not designated as hedging instruments were $325 million at April 30, 2024, and $455 million at January 31, 2024[94] Long-Lived Assets - Long-lived assets in the Americas totaled $224 million as of April 30, 2024, down from $236 million as of January 31, 2024[113] - Total long-lived assets as of April 30, 2024 were $331 million, compared to $345 million as of January 31, 2024[113] Income Tax - Income tax expense for the three months ended April 30, 2024, was $57 million, relative to pre-tax income of $309 million[57] Sales and Distribution - TD Synnex Corporation accounted for 38% of total net revenue in Q1 2024, down from 40% in Q1 2023[32]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _____________________________________________________________ FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended January 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 0-14338 ____________________________________________________________ ...

NEW YORK, June 10, 2024 (GLOBE NEWSWIRE) -- Gainey McKenna & Egleston announces that a securities class action lawsuit has been filed in the United States District Court for the Northern District of California on behalf of all persons or entities who purchased or otherwise acquired Autodesk, Inc. (“Autodesk” or the “Company”) (NASDAQ: ADSK) securities between June 1, 2023 and April 16, 2024, inclusive (the “Class Period”). The lawsuit seeks to recover damages for the Company’s investors under the federal se ...

Autodesk TodayADSKAutodesk$216.27 +0.22 (+0.10%) 52-Week Range$192.01▼$279.53P/E Ratio51.37Price Target$269.05Add to WatchlistAutodesk Inc. NASDAQ: ADSK is a leading provider of 3D design, engineering, and entertainment technology solutions. It's widely known for its computer-aided design (CAD) programs used by engineering, design, architecture, and construction firms. The computer and technology sector company is highly reliant on the well-being of the construction market. The company has been migrating to ...

NEW YORK, June 10, 2024 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Autodesk, Inc. (NASDAQ: ADSK).Shareholders who purchased shares of ADSK during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.CONTACT US HERE:https://securitiesclasslaw.com/securities/autodesk-loss-submission-form/?id=83246&from=4CLASS PERIOD: June 1, 2023 to April 16, 2024 ...

In the latest market close, Autodesk (ADSK) reached $216.05, with a +0.08% movement compared to the previous day. This move outpaced the S&P 500's daily loss of 0.11%. Elsewhere, the Dow lost 0.22%, while the tech-heavy Nasdaq lost 0.23%.Shares of the design software company witnessed a loss of 1.26% over the previous month, trailing the performance of the Computer and Technology sector with its gain of 6.52% and the S&P 500's gain of 3.51%.Market participants will be closely following the financial results ...

NEW YORK, June 06, 2024 (GLOBE NEWSWIRE) -- The Gross Law Firm issues the following notice to shareholders of Autodesk, Inc. (NASDAQ: ADSK). Shareholders who purchased shares of ADSK during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https://securitiesclasslaw.com/securities/autodesk-loss-submission-form/?id=82886&from=3 CLASS PERIOD: June 1, 2023 to April ...