- Improved Billings Forecast: Autodesk now expects billings of $5.88 billion to $5.98 billion, up from the previous forecast of $5.81 billion to $5.96 billion. The market forecast was $5.52 billion.
- Third Quarter Revenue Forecast: Expected revenue for the third quarter is $1.56 billion to $1.57 billion, higher than the market estimate of $1.54 billion.
- Second Quarter Strong Financials:
- Adjusted EPS rose to $2.15 from $1.91 year-over-year, beating the $2.01 estimate.
- Net revenue increased by 12% year-over-year to $1.51 billion, exceeding the $1.48 billion estimate.
- Subscription net revenue grew by 11% to $1.41 billion, slightly above the $1.4 billion estimate.
- Maintenance net revenue declined by 21% to $11 million, marginally missing the $11.7 million estimate.
- Other net revenue surged by 41% to $86 million, significantly higher than the $67.7 million estimate.
- Adjusted operating income climbed 15% to $560 million, ahead of the $530.8 million estimate.
- Adjusted operating margin increased to 37% from 36% year-over-year, topping the 35.9% estimate.
- Free cash flow skyrocketed by 59% to $203 million, far surpassing the $52.4 million estimate.
- CEO Comments: Andrew Anagnost, Autodesk’s president and CEO, credited the strong performance to the company’s focused strategy and ability to capitalize on long-term growth trends, such as global reconstruction and infrastructure.
- Upgraded Financial Guidance: Due to sustained momentum and a successful launch of the new transaction model in North America, Autodesk is raising the mid-points of its billings, revenue, earnings per share, and free cash flow guidance ranges.
- Analyst Ratings: Autodesk has received 14 buys, 10 holds, and 1 sell rating.
Autodesk Inc on Smartkarma
Analyst coverage of Autodesk Inc on Smartkarma has been positive, with insights from Baptista Research shedding light on the company’s recent acquisitions and the implementation of a new transactional model. In the report titled “Autodesk Inc.: The Recent Acquisitions Of Wonder Dynamics & Payapps Enhancing Their Value Proposition? – Major Drivers,” Autodesk’s strong financial performance for the Fourth Quarter and Full Year Fiscal 2024 is highlighted. The report emphasizes Autodesk’s 14% constant currency revenue growth in the fourth quarter, driven by its subscription business model and product diversification.
Furthermore, in the report “Autodesk Inc.: Implementation of The New Transactional Model A Potential Game Changer? – Key Drivers,” Baptista Research recognizes Autodesk’s resilience and discipline showcased through its strong performance in the fiscal year 2024. The company’s balanced growth is attributed to its diversified consumer base across various regions and industries. The implementation of a new transactional model is seen as a potential game-changer for Autodesk, indicating positive sentiment and outlook towards the company’s strategic direction.
A look at Autodesk Inc Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 1 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 2.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Autodesk Inc, a company known for its PC software and multimedia tools, has received a mixed outlook based on Smartkarma Smart Scores. While the company scored high in momentum, indicating strong market performance, its value and dividend scores were lower. The growth and resilience scores stood at moderate levels. The varied scores suggest a nuanced long-term outlook for Autodesk, with potential for growth and resilience but with some considerations regarding its value and dividend aspects.
Autodesk, Inc. provides a wide range of two-dimensional and three-dimensional products that cater to diverse industries and individual users. These products are utilized for architectural design, mechanical design, geographic information systems, mapping, and visualization applications. The company distributes its software products globally through a network of dealers and distributors. With a focus on innovation and technology, Autodesk continues to play a significant role in the software and design industry, positioning itself for future growth opportunities.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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