Autodesk issues statement in response to comments by Starboard Value

Core Viewpoint - Autodesk is achieving strong business and financial results, indicating effective strategy implementation and commitment to shareholder value [1][5]. Financial Performance - FY 2025 revenue reached $6.1 billion, reflecting a 16% increase since FY 2019 and a 12% year-over-year growth [5]. - Non-GAAP operating margins improved by over 2,400 basis points since FY 2019, with expectations of an additional 200 to 300 basis points margin expansion in FY 2026 [5]. - Free cash flow increased from$ 1.3 billion in FY 2024 to $1.6 billion in FY 2025, marking a 22% growth, with a target of$ 2.075 billion to $2.175 billion for FY 2026 [5]. - The company plans to repurchase$ 1.1 billion to $1.2 billion of stock in FY 2026, representing a 30% to 40% increase over FY 2025 [5]. Shareholder Engagement - Autodesk has engaged with investors representing over 50% of its outstanding shares, maintaining a commitment to constructive dialogue despite challenges posed by Starboard Value LP [3][6]. - The company expressed concerns regarding Starboard's nomination approach but remains open to reviewing their nominees [4]. Strategic Initiatives - Autodesk has completed the launch of a new go-to-market approach in FY 2025 and is currently in the optimization phase, expecting continued growth and margin expansion [5].