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   Technology StocksAutodesk (ADSK), sales now increasing!


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From: JakeStraw5/24/2018 4:04:25 PM
1 Recommendation   of 206
 
Autodesk's First Quarter Results Led By Strong Annualized Recurring Revenue (ARR) Growth
markets.siliconinvestor.com
"Our first quarter results are a good start to the new fiscal year and demonstrate Autodesk is firmly in the growth phase of our business model transition," said Andrew Anagnost, Autodesk president and CEO. "Once again, our focus on driving growth in ARR has yielded strong results, which we believe will accelerate as we move through the year. Our focus and investment on our customers' experience continued to drive customers to migrate from maintenance to subscription during the quarter. We've now seen approximately half a million maintenance subscriptions convert to product subscriptions in less than a year and we expect that number to grow significantly in the coming quarters."

"Our growth in ARR was only part of the story during the first quarter, as we also delivered strong growth in billings, total deferred revenue, and ARPS," said Scott Herren, Autodesk CFO. "This quarter also marked another milestone in our business model transition with our return to non-GAAP profitability. Overall, we remain confident in achieving the targets we set for this year and the long-term targets laid out at our recent investor day."

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From: JakeStraw7/9/2018 12:06:43 PM
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Autodesk acquires Assemble Systems to build up its construction tech vertical
techcrunch.com
Autodesk has made a name for itself among designers, engineers and architects with its 3D and other modelling software. Now, as it continues to build out its business in adjacent business areas like construction, it has acquired Assemble Systems, a startup that has built a platform to help plan and run building projects — and more generally building information management (BIM) — across the network of people and jobs involved.

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From: JakeStraw8/24/2018 8:55:55 AM
2 Recommendations   of 206
 
Accelerated Annualized Recurring Revenue (ARR) Growth Highlights Autodesk's Second Quarter Results
markets.siliconinvestor.com
Subscription plan ARR was $1.68 billion, an increase of 115 percent compared to the second quarter last year as reported, and 111 percent on a constant currency basis. Under the prior revenue accounting standard, ASC 605, subscription plan ARR was $1.66 billion, an increase of 112 percent compared to the second quarter last year.
Total ARR was $2.35 billion, an increase of 28 percent compared to the second quarter last year as reported, and 27 percent on a constant currency basis. Under ASC 605, total ARR was $2.32 billion, an increase of 27 percent compared to the second quarter last year.
Subscription plan subscriptions increased 290,000 from the first quarter of fiscal 2019 to 2.86 million at the end of the second quarter. Subscription plan subscriptions benefited from 117,000 maintenance subscribers that converted to product subscription under the maintenance-to-subscription (M2S) program.
Total subscriptions increased 119,000 from the first quarter of fiscal 2019 to 3.94 million at the end of the second quarter.
Deferred revenue was $1.80 billion, an increase of 1 percent compared to the second quarter last year. Total deferred revenue (deferred revenue plus unbilled deferred revenue) was $2.21 billion, an increase of approximately 20 percent compared to the second quarter last year. Under ASC 605, total deferred revenue was $2.28 billion, an increase of approximately 24 percent compared to the second quarter last year.
Revenue was $612 million, an increase of 22 percent compared to the second quarter last year as reported, and 21 percent on a constant currency basis. Under ASC 605, revenue was $611 million, an increase of 22 percent compared to the second quarter last year.
Billings were $605 million, an increase of 27 percent compared to the second quarter last year. Under ASC 605, billings were $592 million, an increase of 24 percent compared to the second quarter last year.

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From: JakeStraw11/21/2018 7:57:30 AM
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Annualized Recurring Revenue (ARR) Growth Acceleration Highlights Autodesk's Third Quarter Results
finance.yahoo.com
"We achieved strong third quarter results across the board, punctuated by accelerating ARR growth," said Andrew Anagnost, Autodesk president and CEO. "Demand strength was balanced across all major geographies and product families, which demonstrates how our customers have embraced the value of our subscription and cloud offerings. We're also excited about our agreement to acquire PlanGrid and the huge opportunity it presents in construction."

"Subscription plan now represents over 75 percent of our ARR base, driven by continued demand for our offerings and a steady stream of existing maintenance customers migrating to product subscription," said Scott Herren, Autodesk CFO. "We also achieved another major milestone in our business model transition by ending the quarter with over 4 million active subscriptions. We're pleased with our consistent performance and are confident in our ability to drive strong operating results as we close out the fiscal year, which leaves us well-positioned to achieve our fiscal 2020 goals."

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From: JakeStraw12/20/2018 12:15:39 PM
1 Recommendation   of 206
 
Autodesk adds to construction software biz with acquisition of BuildingConnected for $275M
techcrunch.com
AutoDesk CEO Andrew Anagnost sees this addition as another key piece in the company’s growing construction management portfolio. “We are investing in digitizing and automating construction workflows. Autodesk’s goal is to connect construction processes across design, build and operations. BuildingConnected has proven to customers the tremendous value in moving from traditional rolodexes, whiteboards, emails and spreadsheets to an easy-to-use digital bidding platform,” he said in a statement.

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From: JakeStraw3/1/2019 8:38:50 AM
   of 206
 
Autodesk Reports Strong Fourth Quarter Results Led By Annualized Recurring Revenue
finance.yahoo.com
"We achieved multiple milestones in fiscal 2019 and are entering fiscal 2020 with strong momentum," said Andrew Anagnost, Autodesk president and CEO. "With less than 20 percent of our revenues coming from maintenance, we are effectively finished with our business model transition and now look forward to executing on our multi-year growth strategy. Our core design offerings and cloud-based solutions for construction, manufacturing and production are benefiting our customers as they undergo their own digital transformations, which offers an ongoing tailwind to our business. We are particularly excited about entering the new fiscal year with an unrivaled portfolio of cloud-based solutions for construction."

"With over $300 million in free cash flow for the year, we delivered well above our target and are demonstrating the cash generating power of our model," said Scott Herren, Autodesk CFO. "Fiscal 2019 was a year of solid execution as we accomplished multiple financial milestones that have positioned us well to keep driving growth in fiscal 2020 and beyond. We're exiting the business model transition with a much more predictable business at 95 percent recurring revenue and feel confident about our free cash flow goal for fiscal 2020."

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From: JakeStraw3/6/2019 12:40:33 PM
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Autodesk was upgraded by analysts at Argus to a "buy" rating.

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From: occams_phasor5/23/2019 4:18:02 PM
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Surprised how little activity there is here.

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From: JakeStraw5/24/2019 8:19:15 AM
   of 206
 
Autodesk, Inc. Announces Fiscal 2020 First Quarter Results
investors.autodesk.com
Strong Growth Across All Regions; Momentum in Construction Drives Cloud ARR Up 164%

"We are off to a strong start in fiscal 2020 with billings and free cash flow coming in at or above expectations and great momentum across the entire business," said Andrew Anagnost, Autodesk president and CEO. "We are particularly pleased with the performance of our Construction portfolio, where we have started realizing both the sales and technology synergies we envisioned when we acquired PlanGrid and BuildingConnected. Overall, we are on track to achieve our fiscal 2020 ARR and free cash flow guidance and are reaffirming our fiscal 2023 targets."

"Our solid execution during the growth phase of the business model transition drove 33% ARR growth and enabled significant margin expansion," said Scott Herren, Autodesk CFO. "All product categories and geographies made solid contributions to our strong start in the first quarter, and market demand remains robust. Over the last 12 months, we have generated $550 million in free cash flow, positioning us well to hit our fiscal 2020 target of $1.35 billion."

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From: JakeStraw6/18/2019 8:40:56 AM
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Autodesk Introduces PlanGrid Advanced RFIs and Project Hub to Boost Project Visibility and Extend Workflows to the Field
investors.autodesk.com
"Construction is a massive logistical challenge involving hundreds of people, and the flow of information on a jobsite can sometimes be like a game of telephone. Crucial data can get lost as it travels, whether it's between the field and the office or between team members, and decisions then get bottlenecked," said Sameer Merchant, head of products, site construction, Autodesk Construction Solutions. "The innovations we're introducing today, Advanced RFIs and Project Hub, provide greater visibility across a project, boost collaboration and help teams move forward faster. By automating and streamlining the flow of data, Autodesk Construction Solutions is empowering the construction industry to make decisions more effectively and keep projects on track."

"On a typical project, we're managing vast quantities of information, and we need a way to make this information manageable and easily accessible. If my team doesn't have the insights we need, work stalls out and it can cause a domino effect on interrelated resources across the project," said Rob Winklepleck, General Manager, West Brothers Construction. "The new features in PlanGrid not only help speed up the building process but also show me exactly what needs to happen to move the project forward. My team is able to get a quick response to pressing issues, and I spend less time calling or walking back and forth from the trailer to the field to verify work."

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