Autodesk, Inc. (NASDAQ:ADSK ) Citi's 2024 Global TMT Conference September 5, 2024 10:50 AM ET Company Participants Andrew Anagnost - CEO Conference Call Participants Tyler Radke - Citi Tyler Radke Happy Thursday. Welcome to day two of Citi's Tech Conference.
Autodesk's 2Q25 revenue grew 12% to $1.5 billion, beating guidance, with gross margins expanding to ~93% and free cash flow margin improving to 13.5%. Positive macro indicators, such as potential Fed rate cuts and a stabilized construction backlog, suggest strong future construction activity, benefiting ADSK. The new transaction model rollout is ahead of schedule, enhancing pricing control, cross-selling opportunities, and operational efficiencies, supporting robust future growth.
Autodesk stock (NASDAQ: ADSK) price rose by 5.9% on Thursday, 29th August, even as the benchmark S&P 500 index traded sideways. Autodesk's peer Oracle (NYSE: ORCL) did not have a good day either, with its stock barely moving the needle.
The world of artificial intelligence has been experiencing a major shift in sentiment lately, especially as the leader of the technology sector recently missed expectations for the future. Shares of NVIDIA Co. NASDAQ: NVDA are now trading lower for the second consecutive day since the company announced its second-quarter 2024 earnings results.
ADSK's second-quarter fiscal 2025 results reflect gains from growth across products and regions in AEC and manufacturing product families.
Autodesk Inc (NASDAQ:ADSK) and MongoDB Inc (NASDAQ:MDB) are enjoying post-earnings tailwinds this morning.
Autodesk, Inc. ADSK posted better-than-expected second-quarter EPS and revenues on Thursday.
The design-software company tops quarterly estimates and boosts its outlook.
Autodesk, Inc. (NASDAQ:ADSK ) Q2 2025 Earnings Conference Call August 29, 2024 5:00 PM ET Company Participants Simon Mays-Smith - VP, IR Andrew Anagnost - CEO Betsy Rafael - Interim CFO Conference Call Participants Saket Kalia - Barclays Jay Vleeschhouwer - Griffin Securities Adam Borg - Stifel Jason Celino - KeyBanc Capital Markets Elizabeth Porter - Morgan Stanley Joe Vruwink - Baird Ken Wong - Oppenheimer & Co Tyler Radke - Citigroup Operator Good day, and thank you for standing by. Welcome to the Q2 Fiscal '25 Autodesk Earnings Conference Call.
Although the revenue and EPS for Autodesk (ADSK) give a sense of how its business performed in the quarter ended July 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Autodesk (ADSK) came out with quarterly earnings of $2.15 per share, beating the Zacks Consensus Estimate of $2 per share. This compares to earnings of $1.91 per share a year ago.
Autodesk, a maker of software for computer-aided design and workflows, beat analyst estimates for its fiscal second quarter.