Latest news with #AndrewAnagnost
Yahoo
3 days ago
- Business
- Yahoo
Can Technology Fix the Housing Crisis? Autodesk CEO Explains
The housing industry still struggling to gain traction as higher material costs, lower inventory and a wary consumer weigh on the sector. On Bloomberg Open Interest, we explore how technology could play a role in easing the housing crisis. Andrew Anagnost, the CEO of Autodesk joined our C-Suite with more. Autodesk is a global technology platform specializing in architecture, engineering and construction, best known for its AutoCAD software.
Bloomberg
3 days ago
- Business
- Bloomberg
Can Technology Fix the Housing Crisis? Autodesk CEO Explains
The housing industry still struggling to gain traction as higher material costs, lower inventory and a wary consumer weigh on the sector. On Bloomberg Open Interest, we explore how technology could play a role in easing the housing crisis. Andrew Anagnost, the CEO of Autodesk joined our C-Suite with more. Autodesk is a global technology platform specializing in architecture, engineering and construction, best known for its AutoCAD software. (Source: Bloomberg)
CNBC
23-05-2025
- Automotive
- CNBC
Autodesk CEO: We're not seeing uncertainty yet but expect clouds
Andrew Anagnost, Autodesk CEO, joins CNBC's 'Squawk on the Street' to discuss the company's most recent quarter, expectations for the rest of the year, and more.
Yahoo
23-05-2025
- Business
- Yahoo
Autodesk Inc (ADSK) Q1 2026 Earnings Call Highlights: Strong Revenue Growth Amidst Strategic ...
Total Revenue Growth: 15% as reported, 16% in constant currency. New Transaction Model Revenue Contribution: $78 million in Q1. Billings Growth: 29% as reported, 30% in constant currency. New Transaction Model Billings Contribution: $105 million in Q1. Remaining Performance Obligations (RPO): $7.2 billion, up 21%. Current Annualized Recurring Revenue (ARPU): $4.6 billion, up 16%. GAAP Operating Margin: 14%, decreased by 7 percentage points due to restructuring charges. Non-GAAP Operating Margin: 37%, increased by 3 percentage points. Free Cash Flow: $556 million in Q1. Share Repurchases: Approximately 1.3 million shares for $353 million at an average price of $269 per share. Revenue Guidance Range for Fiscal '26: $6.925 billion to $6.995 billion. Billings Guidance Range for Fiscal '26: $7.16 billion to $7.31 billion. Free Cash Flow Guidance Range for Fiscal '26: $2.1 billion to $2.2 billion. Warning! GuruFocus has detected 2 Warning Sign with PLUS. Release Date: May 22, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Autodesk Inc (NASDAQ:ADSK) delivered strong first-quarter results, with revenue and non-GAAP earnings per share exceeding the higher end of guidance ranges. The company saw a 15% increase in total revenue as reported and 16% in constant currency, driven by the new transaction model and strong performance in AECO and the Autodesk store. Billings increased by 29% as reported and 30% in constant currency, reflecting the shift to annual billings for most multi-year contracts. Non-GAAP operating margins increased by 3 percentage points due to operating leverage from ongoing cost discipline and timing benefits from restructuring. Autodesk Inc (NASDAQ:ADSK) is focusing on strategic growth investments in cloud, platform, and AI, which are expected to drive long-term shareholder value. GAAP operating margins decreased by 7 percentage points, primarily due to restructuring charges and a one-time non-cash charge related to stock-based compensation. The company is facing uncertainty due to geopolitical and macroeconomic factors, which could impact customer bidding processes and material costs. There is a potential risk of disruption from ongoing sales and marketing optimization and the transition to a new Chief Revenue Officer. The Asia Pacific region showed some softness, particularly in Japan, China, and Korea, due to macroeconomic turmoil and trade discussions. The transition to the new transaction model is still ongoing, with channel partners adapting and onboarding their long tail of customers. Q: Andrew, given the significant uncertainty out there, could you talk about how customer conversations are evolving, if at all? And maybe just touch on your thoughts on the macro, given how much time you spend with customers. A: Andrew Anagnost, CEO: Customers are flagging uncertainty due to trade policy and supply chain costs, but they are more concerned about the second half of the year. Despite this, construction backlog increased, and we saw more activity on our platforms, indicating that while there's concern, it's not yet impacting their or our business. Q: Janesh, Q1 margins were better than expected. Could you talk about your margin momentum and the sales and marketing optimization plan? A: Janesh Moorjani, CFO: The strong Q1 performance was due to revenue outperformance and expense discipline. The restructuring initiated our go-to-market optimization, and we're building capabilities for future sales and marketing evolution. We're on track with our optimization plan for the year. Q: Andrew, you mentioned accelerating roadmaps for industry clouds. Could you elaborate on this, especially regarding the integration of ACC with Forma? A: Andrew Anagnost, CEO: We're accelerating Fusion's roadmap, focusing on data management and customer priorities. For Forma, we're enhancing collaboration across disciplines and integrating it with tools like Revit. Expect more emphasis on AI features and collaboration tools like Forma Board. Q: Andrew, regarding the channel, how is the transaction model progressing, and is there an opportunity for it to become a tailwind? A: Andrew Anagnost, CEO: We're not seeing the disruptions we saw last year. Channel partners are adapting to the new transaction model, and productivity should increase as they focus on new business growth. This phase should lead to better channel productivity. Q: Janesh, could you clarify the guidance prudence regarding macroeconomic uncertainty? Are you seeing anything in the business that warrants this caution? A: Janesh Moorjani, CFO: We haven't seen any impact yet; the business momentum is strong. The guidance prudence is due to macroeconomic uncertainty and customer conversations, not current business performance. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
Reuters
22-05-2025
- Business
- Reuters
Autodesk raises annual results forecast on strong software demand
May 22 (Reuters) - Autodesk (ADSK.O), opens new tab raised its forecast for fiscal 2026 revenue and adjusted profit on Thursday, anticipating strong demand for its design and engineering software used across various industries, sending its shares up around 2% in extended trading. Autodesk's broad portfolio of cloud-based design products is seeing strong adoption from companies across industries ranging from architecture to animation, while its investment in artificial intelligence has further boosted spending. "We have not seen changes in overall business momentum when compared to recent quarters," said Janesh Moorjani, Autodesk finance chief. The company's CEO, Andrew Anagnost, said Autodesk is focusing on its priorities in cloud, platform and AI while working on driving higher margins. In February, the company said it would reduce workforce by about 9% and laid out plans to invest more in cloud and AI. Autodesk was embroiled in an activist proxy fight with Starboard Value over the past two months, with the hedge fund expressing concerns over the software-design company's margins and high costs. The company last month said it will add two newcomers to its board and settle the matter with Starboard. Autodesk raised its annual revenue forecast to between $6.93 billion and $7 billion, compared with its earlier expectations of $6.90 billion to $6.97 billion. It also raised its adjusted earnings outlook for fiscal 2026 to a range of $9.50 to $9.73 per share, compared with its prior projection of $9.34 and $9.67 per share. It forecast second-quarter revenue of between $1.72 billion and $1.73 billion, compared with estimates of $1.70 billion, according to data compiled by LSEG. For the first quarter, the company reported revenue of $1.63 billion, beating estimates of $1.61 billion.
