Autodesk, Inc. (ADSK) - NASDAQ
  • Aug. 14, 2014, 4:02 PM
    • Autodesk (NASDAQ:ADSK): Q2 EPS of $0.35 beats by $0.07.
    • Revenue of $637M (+13.4% Y/Y) beats by $33.84M.
    • Shares +7.3%.
    | Aug. 14, 2014, 4:02 PM
  • Aug. 13, 2014, 5:35 PM
  • Jun. 30, 2014, 4:43 PM
    • Mark Hawkins, Autodesk's (ADSK) CFO since '09, is leaving at the end of July to become Salesforce's (CRM) CFO. Hawkins will replace Graham Smith, who announced plans to retire in February.
    • Separately, Autodesk says it now expects FQ2 revenue and EPS to be "at or above" the high end of prior guidance ranges of $595M-$610M and $0.25-$0.30. Consensus is at $600.2M and $0.28.
    • The CAD software giant is reiterating its FY15 guidance. It has launched "a selection process" to find a new CFO. Shares -1% AH.
    | Jun. 30, 2014, 4:43 PM | 1 Comment
  • Jun. 18, 2014, 11:47 AM
    • Adobe beat May quarter estimates on the back of better-than-expected Creative Cloud subscriber growth, and also hiked its FY14 sub growth forecast. All of that is going over well with Autodesk (ADSK +3.8%) investors.
    • Autodesk's 3ds Max (3D modeling/rendering) and Maya (3D animation) software targets many of the same media/publishing firms Adobe sells Creative Cloud to. Moreover, Autodesk is undergoing a similar transition towards cloud/subscription-based revenue streams.
    • Previous: Autodesk buys 3D game engine developer
    | Jun. 18, 2014, 11:47 AM
  • Jun. 9, 2014, 1:40 PM
    • Autodesk (ADSK -0.7%) has bought Bitsquid, the Swedish creator of a 3D game engine used by multiple console/PC game developers. Terms are undisclosed.
    • Autodesk says it'll use Bitsquid's engine to "supercharge its portfolio of tools for game makers through the development of a new 3D game engine," as well as to "create new tools that push the limits of real-time 3D visualization for architects and designers."
    • The company goes as far as to say the deal will "revolutionize real-time exploration of complex data" for CAD projects. "Imagine being able to walk through and explore any type of design, from buildings to cars, with the same freedom you experience in the open world of a next-generation console game."
    • The purchase comes as the gaming industry's E3 conference gets underway. Autodesk already sells its Maya animation software and 3ds Max modeling/rendering software to game developers.
    • Past acquisitions: Creative Market, Circuits.io, Delcam
    | Jun. 9, 2014, 1:40 PM
  • May 16, 2014, 5:37 PM
    | May 16, 2014, 5:37 PM | 1 Comment
  • May 16, 2014, 9:17 AM
    | May 16, 2014, 9:17 AM | 2 Comments
  • May 15, 2014, 5:10 PM
    • Autodesk (ADSK) expects FQ2 revenue of $595M-$610M and EPS of $0.25-$0.30 vs. a consensus of $576.3M and $0.28.
    • Moreover, the company is hiking its respective FY15 (ends Jan. '15) billings and revenue growth guidance ranges to 7%-9% and 4%-6% from prior ranges of 5%-8% and 3%-5%. The revenue growth consensus is currently at 3.7%.
    • Billings, which (unlike revenue) take into account deferred revenue tied to cloud subscriptions, grew 10% Y/Y in FQ1, easily outpacing rev. growth of 4%. Subscriptions rose by 89K Q/Q to 1.94M, and the deferred revenue balance by 7% Q/Q and 13% Y/Y to $964M.
    • Subscription revenue accounted for 47% of revenue vs. 45% in FQ4. Opex rose 12% Y/Y to $471.6M.
    • Americas sales +2% Y/Y, EMEA +4%, Asia-Pac +6%. Architecture, Engineering, and Construction was a strong point (sales +14%), and Media & Entertainment a weak point (-19%).
    • FQ1 results, PR
    | May 15, 2014, 5:10 PM
  • May 15, 2014, 4:04 PM
    • Autodesk (ADSK): Q1 EPS of $0.32 beats by $0.11.
    • Revenue of $593M (+4.0% Y/Y) beats by $24.42M.
    • Shares +4.56% AH.
    | May 15, 2014, 4:04 PM
  • May 14, 2014, 7:27 PM
    • Good news for 3D printer vendors: (DDD, SSYS, VJET, XONE): CAD software giant Autodesk (ADSK) plans to launch Spark, an open-source software platform it hopes will lower software costs (both 3rd-party licensing and in-house R&D) for printer makers, and also improve/ease the design process for users.
    • Bad news: To show off Spark, Autodesk plans to make a reference printer whose design "will be made publicly available to allow for further development and experimentation." CEO Carl Bass calls the printer "a midmarket industrial machine," and notes similar hardware typically costs ~$5K.
    • Autodesk's printer will rely on stereolithography (SLA), a printing process  less frequently used than fused deposition modeling (FDM) in mass-market printers, but which is gaining steam thanks to speed/reliability benefits and patent expirations. The company promises a wide range of materials will be supported.
    • Autodesk, which reports tomorrow, is undoubtedly hoping to drive further usage of its CAD software, already used in plenty of 3D printing projects. Its efforts could have implications for software vendor Materialise (recently filed for an IPO).
    • Earlier: ExOne -12.8% AH on Q1 miss, margin pressure
    | May 14, 2014, 7:27 PM | 3 Comments
  • May 14, 2014, 5:35 PM
  • Apr. 28, 2014, 9:35 AM
    • Citing reseller checks that point to stronger-than-expected growth, Pac Crest has upgraded Autodesk (ADSK +1.8%) to Outperform, and set a $60 PT.
    • The CAD software giant's FQ1 report is expected next month.
    | Apr. 28, 2014, 9:35 AM
  • Mar. 19, 2014, 2:08 PM
    • Autodesk's (ADSK -1.7%) latest acquisition is Creative Market, provider of an online marketplace for graphics, templates, fonts, and other digitally-designed content. Terms are undisclosed.
    • In a blog post, Creative Market's founders suggest Autodesk is buying the company in part to provide "a more consumer-focused offering" for the digital content space.
    • The CAD software giant has already made a string of acquisitions aimed at growing its consumer and/or cloud exposure. Other purchases: Qontext, Socialcam, Tinkercad.
    | Mar. 19, 2014, 2:08 PM
  • Mar. 10, 2014, 9:27 AM
    • A weekend column titled "Beware 3-D Printing!" questions industry valuations, and suggests 3D Systems (DDD -4.2% premarket) could drop 80%.
    • The column highlights Whitney Tilson's critique of 3D Systems and the company's recent warning, argues 3D printing/additive manufacturing "remains slow and cumbersome," and notes the presence of rivals such as printing services firm Shapeways and leading metal printer maker EOS.
    • Barron's suggests software vendors Autodesk (ADSK) and Dassault (DASTY) are a better way to play the trend (ed: 3D printing use cases account for only a fraction of each company's sales), and notes the former's efforts to automate design work by leveraging real-life info. "The goal is for a designer to input a function, letting the computer dictate the most efficient design."
    • SSYS -3.1%. XONE -3.3%. VJET -1.7%.
    | Mar. 10, 2014, 9:27 AM | 31 Comments
  • Mar. 3, 2014, 9:32 AM
    • Autodesk (ADSK -2.7%) has been cut to Sell by Citi. Shares initially rose last week in response to the CAD software giant's FQ4 revenue beat and strong top-line guidance, but later sold off.
    • Intuit (INTU +0.3%) has been upgraded to Buy by Citi.
    • RF Micro (RFMD +0.7%) has been upgraded to Buy by BofA/Merrill.
    • Infosys (INFY -2%) has been cut to Neutral by Baird.
    • Intelsat (I -3.5%) has been cut to Neutral by JPMorgan.
    • Procera (PKT -1.2%) has been cut to Buy from Strong Buy by Needham in the wake of last Thursday's Q4 miss.
    • TDS (TDS +3.8%) and U.S. Cellular (USM +3.3%) have been upgraded to Overweight by JPMorgan.
    | Mar. 3, 2014, 9:32 AM
  • Feb. 26, 2014, 5:35 PM
    • Autodesk (ADSK) expects FQ1 revenue of $560M-$575M and EPS of $0.19-$0.22. While the latter (pressured by the transition to cloud/subscription sales) is below a $0.35 consensus, the former is above a $550.5M consensus.
    • Revenue is expected to grow 3%-5% in FY15 (ends Jan. '15); that's easily above a -0.2% consensus. Billings are expected to grow 5%-8%, and op. margin is expected to be in a range of of 14%-16%. Autodesk is aiming for a 30% FY18 op. margin.
    • Autodesk's deferred revenue balance rose 8% Y/Y in FQ4 to $901M. Adjusting for a shift to more flexible licensing terms, the balance rose 4%. Subscription revenue +10% Y/Y, and now 45% of all revenue. Licensing/other revenue -12%.
    • Americas sales -6% Y/Y to $202M, EMEA -4% to $216M, Asia-Pac +2% to $152M. Opex +1% Y/Y to $63M, with a 9% increase in R&D spend offsetting lower sales/marketing and G&A spend.
    • FQ4 results, PR
    | Feb. 26, 2014, 5:35 PM
Company Description
Autodesk, Inc. is a design software and services company, offering customers productive business solutions through various technology products and services. The company serves variety of customers in the field of architecture, engineering and construction; manufacturing; and digital media and... More
Sector: Technology
Industry: Technical & System Software
Country: United States