Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or ...

Shares of Autodesk, Inc. ADSK are trading lower on Wednesday but they may have found support. The company posted earnings that were slightly better than estimates but investors are concerned about decreasing margins. Our team of traders and technical analysts has made it our Stock of the Day. Operating margin is the percent of profit a company has on a dollar of sales after all costs are considered. In Q3 of last year, Autodesk had an operating margin of 24%. This means that for every dollar of sales, the c ...

Key TakeawaysAutodesk reported better-than-expected adjusted profit and sales, but shares fell as the design software maker announced a CFO change.Interim CFO Betsy Rafael will be replaced by Janesh Moorjani at the end of the fiscal year.Rafael moved into the post in May following an audit committee report about the company's accounting practices. Autodesk (ADSK) shares fell 6% Wednesday, a day after the design software maker's solid results were overshadowed by questions about the effect of a Chief Financi ...

Autodesk (ADSK) reported third-quarter fiscal 2025 non-GAAP earnings of $2.17 per share, which beat the Zacks Consensus Estimate by 2.84% and improved 4.83% year over year. Find the latest EPS estimates and surprises on Zacks Earnings Calendar. The company reported revenues of $1.57 billion, which beat the consensus mark by 0.45% and grew 11% year over year. The company generated broad-based growth across products and regions in AEC and manufacturing, along with strong renewal rates. Autodesk launched the n ...

Financial Data and Key Metrics - No specific financial data or key metrics changes were provided in the content [1][2][3][4][5] Business Line Data and Key Metrics - No specific business line data or key metrics changes were provided in the content [1][2][3][4][5] Market Data and Key Metrics - No specific market data or key metrics changes were provided in the content [1][2][3][4][5] Company Strategy and Industry Competition - No specific details on company strategy, development direction, or industry competition were provided in the content [1][2][3][4][5] Management Commentary on Operating Environment and Future Outlook - The company made forward-looking statements during the call, including outlook and related assumptions, but no specific commentary on the operating environment or future outlook was provided [4][5] Other Important Information - The company disclaimed any obligation to update or revise forward-looking statements made during the call if the call is replayed or reviewed after today [5] Q&A Session Summary - No Q&A session details were provided in the content [1][2][3][4][5]

Autodesk (ADSK) reported $1.57 billion in revenue for the quarter ended October 2024, representing a year-over-year increase of 11%. EPS of $2.17 for the same period compares to $2.07 a year ago.The reported revenue represents a surprise of +0.48% over the Zacks Consensus Estimate of $1.56 billion. With the consensus EPS estimate being $2.11, the EPS surprise was +2.84%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine thei ...

Autodesk (ADSK) came out with quarterly earnings of $2.17 per share, beating the Zacks Consensus Estimate of $2.11 per share. This compares to earnings of $2.07 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 2.84%. A quarter ago, it was expected that this design software company would post earnings of $2 per share when it actually produced earnings of $2.15, delivering a surprise of 7.50%.Over the last four quarters, the comp ...

Revenue and Profitability - Total revenue increased 11% to $1.57 billion in Q3 FY25[3] - Subscription revenue for the three months ended October 31, 2024, was $1.457 billion, compared to $1.314 billion in the same period last year[42] - Total net revenue for the three months ended October 31, 2024, reached $1.570 billion, up from $1.414 billion in the previous year[42] - Gross profit for the three months ended October 31, 2024, was $1.423 billion, compared to $1.287 billion in the same period last year[42] - Net income for the three months ended October 31, 2024, was $275 million, up from $241 million in the previous year[42] - Net income for the nine months ended October 31, 2024, was $809 million, compared to $624 million in the same period in 2023[46] - Full-year FY25 revenue guidance is $6.115 billion to $6.130 billion, up approximately 11%[15] Operating Margins and Earnings - GAAP operating margin was 22%, down 2 percentage points[3] - Non-GAAP operating margin was 36%, down 3 percentage points[3] - GAAP diluted EPS was $1.27; Non-GAAP diluted EPS was $2.17[3] - Non-GAAP operating margin for the nine months ended October 31, 2024, was 36%, compared to 36% in 2023[51] - Non-GAAP income from operations for the nine months ended October 31, 2024, was $1,623 million, compared to $1,440 million in 2023[51] - Non-GAAP diluted net income per share for the nine months ended October 31, 2024, was $6.18, compared to $5.51 in 2023[53] Cash Flow and Financial Position - Cash flow from operating activities was $209 million; free cash flow was $199 million[3] - Net cash provided by operating activities for the nine months ended October 31, 2024, was $915 million, compared to $876 million in 2023[46] - Free cash flow for the nine months ended October 31, 2024, was $889 million, compared to $855 million in 2023[53] - Total current assets as of October 31, 2024, were $2.899 billion, compared to $3.579 billion as of January 31, 2024[44] - Deferred revenue as of October 31, 2024, was $3.277 billion, down from $3.500 billion as of January 31, 2024[44] - Total liabilities and stockholders' equity as of October 31, 2024, were $10.133 billion, compared to $9.912 billion as of January 31, 2024[44] Expenses and Costs - Research and development expenses for the three months ended October 31, 2024, were $378 million, up from $339 million in the same period last year[42] - Marketing and sales expenses for the three months ended October 31, 2024, were $525 million, compared to $439 million in the previous year[42] - Total operating expenses for the three months ended October 31, 2024, were $1.077 billion, up from $953 million in the same period last year[42] - Stock-based compensation expense for the nine months ended October 31, 2024, was $500 million, compared to $543 million in 2023[51] - Amortization of developed technologies for the nine months ended October 31, 2024, was $59 million, compared to $31 million in 2023[51] - Acquisition-related costs for the nine months ended October 31, 2024, were $39 million, compared to $16 million in 2023[51] Business Performance Metrics - Total billings increased 28% to $1.54 billion[5] - Recurring revenue represents 97% of total revenue[6] - Net revenue retention rate remained within the range of 100 to 110% on a constant currency basis[8] - Remaining performance obligations (RPO) increased 17% to $6.11 billion[8] - Business combinations, net of cash acquired, amounted to $801 million in the nine months ended October 31, 2024, compared to $44 million in 2023[46]

SAN FRANCISCO, Nov. 26, 2024 /PRNewswire/ -- Autodesk, Inc. (NASDAQ: ADSK) today announced the appointment of Janesh Moorjani as the company's chief financial officer, effective December 16, 2024. Moorjani brings over 20 years of experience in the technology industry, with deep expertise in driving growth and efficiency at scale. Most recently, Moorjani served as CFO and COO of Elastic NV (NYSE: ESTC), the Search AI Company.Reporting to chief executive officer Andrew Anagnost, Moorjani will lead and oversee ...

Autodesk’s (ADSK) shares have risen 26.4% year to date (YTD), underperforming the broader Zacks Computer and Technology sector’s appreciation of 27.8%.However, ADSK has outperformed the Zacks Computer – Software industry and its peers like Intuit (INTU) , ANSYS (ANSS) and Verint Systems (VRNT) .In the same time frame, INTU shares have gained 4.1%, while Ansys and Verint have declined 5.7% and 13.8%, respectively. The industry has risen 16.3% YTD. The company’s outperformance can be attributed to the strengt ...