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Autodesk Inc (ADSK.OQ)

ADSK.OQ on NASDAQ Stock Exchange Global Select Market

154.69USD
25 Mar 2019
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Latest Key Developments (Source: Significant Developments)

Autodesk Reports Fourth Quarter Results
Friday, 1 Mar 2019 

Feb 28 (Reuters) - Autodesk Inc ::AUTODESK REPORTS STRONG FOURTH QUARTER RESULTS LED BY ANNUALIZED RECURRING REVENUE (ARR).Q4 NON-GAAP EARNINGS PER SHARE $0.46.Q4 GAAP EARNINGS PER SHARE $0.29.Q4 EARNINGS PER SHARE ESTIMATE $0.42 -- REFINITIV IBES DATA.QTRLY TOTAL ARR WAS $2.75 BILLION, AN INCREASE OF 34 PERCENT COMPARED TO Q4 LAST YEAR AS REPORTED.QTRLY SUBSCRIPTION PLAN ARR WAS $2.20 BILLION, AN INCREASE OF 87 PERCENT COMPARED TO Q4 LAST YEAR AS REPORTED.SEES 2020 EPS NON-GAAP $2.71 - $2.90.QTRLY TOTAL SUBSCRIPTIONS INCREASED 252,000 FROM Q3 OF FISCAL 2019 TO 4.33 MILLION AT END OF Q4.SEES 2020 EPS GAAP $1.12 - $1.31.QTRLY DEFERRED REVENUE WAS $2.09 BILLION, AN INCREASE OF 7 PERCENT COMPARED TO Q4 LAST YEAR.SEES 2020 REVENUE $3,250 MILLION - $3,300 MILLION.QTRLY REVENUE WAS $737 MILLION, AN INCREASE OF 33 PERCENT COMPARED TO Q4 LAST YEAR AS REPORTED.SEES 2020 TOTAL ARR $3,500 MILLION - $3,550 MILLION.SEES 2020 BILLINGS $4,050 MILLION - $4,150 MILLION.SEES Q1 EPS NON-GAAP $0.44 - $0.48.SEES Q1 EPS GAAP $0.06 - $0.10.SEES Q1 REVENUE $735 MILLION - $745 MILLION.Q4 REVENUE VIEW $707.7 MILLION -- REFINITIV IBES DATA.Q1 EARNINGS PER SHARE VIEW $0.56, REVENUE VIEW $725.3 MILLION -- REFINITIV IBES DATA.FY2020 EARNINGS PER SHARE VIEW $3.17, REVENUE VIEW $3.23 BILLION -- REFINITIV IBES DATA.  Full Article

Autodesk Inc - On Dec 17, Entered Term Loan Agreement For Delayed Draw Term Loan Facility In Amount Of $500 Million
Thursday, 20 Dec 2018 

Dec 20 (Reuters) - Autodesk Inc ::AUTODESK INC - ON DEC 17, ENTERED TERM LOAN AGREEMENT FOR DELAYED DRAW TERM LOAN FACILITY IN AMOUNT OF $500 MILLION.AUTODESK INC - ON DEC 17, ALSO ENTERED AMENDED AND RESTATED CREDIT AGREEMENT FOR UNSECURED REVOLVING LOAN FACILITY IN AMOUNT OF $650 MILLION.AUTODESK INC - CREDIT AGREEMENT REPLACED & TERMINATED EXISTING $400 MILLION AMENDED AND RESTATED CREDIT AGREEMENT DATED MAY 29, 2015.AUTODESK SAYS PROCEEDS OF REVOLVING LOANS UNDER CREDIT AGREEMENT MAY BE USED FOR WORKING CAPITAL, OTHERS - SEC FILING.AUTODESK INC - REVOLVING LOANS MAY BE BORROWED, REPAID AND REBORROWED UNTIL DEC 17, 2023.  Full Article

Autodesk To Acquire Buildingconnected, A Leading Construction Bid-Management Platform
Thursday, 20 Dec 2018 

Dec 20 (Reuters) - Autodesk Inc ::AUTODESK TO ACQUIRE BUILDINGCONNECTED, A LEADING CONSTRUCTION BID-MANAGEMENT PLATFORM.AUTODESK INC - DEAL FOR FOR $275 MILLION NET OF CASH ACQUIRED.AUTODESK INC - ACQUISITION WILL HAVE NO MATERIAL IMPACT ON AUTODESK'S Q4 AND FISCAL YEAR 2019 GUIDANCE.AUTODESK INC - FOR FISCAL YEAR 2020, AUTODESK EXPECTS AN IMMATERIAL REVENUE AND ANNUALIZED RECURRING REVENUE BENEFIT.AUTODESK INC - FOR FISCAL YEAR 2020. EXPECTS SLIGHTLY DILUTIVE IMPACT FROM DEAL TO PROFITABILITY AND CASH FLOW.AUTODESK INC - INCLUSIVE OF TRANSACTION, COMPANY IS MAINTAINING ITS FREE CASH FLOW GOAL FOR YEAR.  Full Article

Autodesk To Acquire PlanGrid
Wednesday, 21 Nov 2018 

Nov 20 (Reuters) - Autodesk Inc ::AUTODESK TO ACQUIRE PLANGRID TO ACCELERATE CONSTRUCTION PRODUCTIVITY.AUTODESK INC - DEAL FOR $875 MILLION NET OF CASH.AUTODESK INC - DEAL FOR FOR $875 MILLION.AUTODESK INC - HAS NOT INCLUDED ANY IMPACT IN ITS BUSINESS OUTLOOK FOR Q4 FROM DEAL.AUTODESK INC - COMPANY EXPECTS DEAL TO CONTRIBUTE SLIGHTLY TO REVENUE AND BE MODESTLY NEGATIVE FOR PROFITABILITY AND CASHFLOWS FOR QUARTER.AUTODESK INC - FOR FISCAL YEAR 2020, AUTODESK EXPECTS PLANGRID TO CONTRIBUTE APPROXIMATELY $100 MILLION IN ARR.AUTODESK INC - INCLUSIVE OF TRANSACTION, COMPANY IS MAINTAINING ITS FREE CASH FLOW GOAL FOR YEAR.AUTODESK INC - FOR FISCAL YEAR 2020, AUTODESK EXPECTS PLANGRID TO BE SLIGHTLY DILUTIVE TO PROFITABILITY AND CASH FLOW.  Full Article

Jana Partners LLC Takes Sole Share Stake In Microsoft, Alibaba Group
Tuesday, 14 Aug 2018 

Aug 14 (Reuters) - Jana Partners LLC::JANA PARTNERS LLC TAKES SOLE SHARE STAKE IN ALIBABA GROUP HOLDING OF 439,479 SPONSORED ADS.JANA PARTNERS LLC TAKES SOLE SHARE STAKE IN MICROSOFT CORP OF 742,569 SHARES.JANA PARTNERS LLC CUTS SOLE SHARE STAKE IN AUTODESK INC BY 29.4 PERCENT TO 892,833 SHARES.JANA PARTNERS LLC CUTS SOLE SHARE STAKE IN FIRST DATA CORP BY 35.4 PERCENT TO 3.4 MILLION CLASS A COMMON SHARES - SEC FILING.JANA PARTNERS LLC - CHANGE IN HOLDINGS ARE AS OF JUNE 30, 2018 AND COMPARED WITH THE PREVIOUS QUARTER ENDED AS OF MARCH 31, 2018.  Full Article

Autodesk Says Selling Stockholders May Offer & Resell Up To 340,769 Shares Of Co's Common Stock
Tuesday, 17 Jul 2018 

July 16 (Reuters) - Autodesk Inc ::AUTODESK SAYS SELLING STOCKHOLDERS MAY OFFER & RESELL UP TO 340,769 SHARES OF CO'S COMMON STOCK - SEC FILING.  Full Article

Autodesk, Citibank, Others Entered Letter Amendment No 2 To Amended And Restated Credit Agreement
Saturday, 30 Jun 2018 

June 29 (Reuters) - Autodesk Inc ::AUTODESK SAYS ON JUNE 27 CO, CITIBANK, OTHERS ENTERED LETTER AMENDMENT NO 2 TO AMENDED AND RESTATED CREDIT AGREEMENT DATED MAY 29, 2015 - SEC FILING.AUTODESK INC - UNDER TERMS MINIMUM INTEREST COVERAGE RATIO WILL NOT APPLY FOR FISCAL QTRS ENDING JULY 31 AND OCTOBER 31.AUTODESK - UNDER TERMS MINIMUM INTEREST COVERAGE RATIO OF 2.50 TO 1.00 WILL APPLY FOR FISCAL QUARTER ENDING JANUARY 31, 2019.AUTODESK INC - UNDER TERMS MINIMUM INTEREST COVERAGE RATIO OF 3.00 TO 1.00 WILL APPLY FOR FISCAL QUARTER ENDING APRIL 30, 2019 AND THEREAFTER.AUTODESK - AMENDMENT ALSO EXTENDS APPLICATION OF FIXED CHARGE COVERAGE RATIO OF GREATER THAN 1.00 TO 1.00 THROUGH FISCAL QUARTER ENDED OCTOBER 31.  Full Article

Autodesk Inc Q4 GAAP Loss Per Share $0.79
Wednesday, 7 Mar 2018 

March 6 (Reuters) - Autodesk Inc ::Q4 NON-GAAP LOSS PER SHARE $0.09.Q4 GAAP LOSS PER SHARE $0.79.Q4 REVENUE ROSE 16 PERCENT TO $554 MILLION.SUBSCRIPTION PLAN SUBSCRIPTIONS INCREASED 371,000 FROM Q3 OF FISCAL 2018 TO 2.27 MILLION AT END OF Q4.TOTAL SUBSCRIPTIONS INCREASED 127,000 FROM Q3 OF FISCAL 2018 TO 3.72 MILLION AT END OF Q4.‍SUBSCRIPTION PLAN SUBSCRIPTIONS INCREASED 371,000 FROM Q3 OF FISCAL 2018 TO 2.27 MILLION AT END OF Q4​.SEES Q1 FY19 UNDER ASC 606 REVENUE $550 MILLION - $560 MILLION.‍TOTAL SUBSCRIPTIONS INCREASED 127,000 FROM Q3 OF FISCAL 2018 TO 3.72 MILLION AT END OF Q4​.SEES Q1 FY19 UNDER ASC 606 GAAP LOSS PER SHARE $0.44 - $0.41.SEES FY 2019 REVENUE UNDER ASC 606 OF $2,455 MILLION TO $2,505 MILLION.SEES Q1 FY19 UNDER ASC 606 EPS NON-GAAP $0.01 - $0.04.Q1 EARNINGS PER SHARE VIEW $0.16, REVENUE VIEW $584.7 MILLION -- THOMSON REUTERS I/B/E/S.SEES FY 2019 LOSS PER SHARE UNDER ASC 606 OF $0.92 TO $0.74.SEES FY 2019 ADJUSTED EARNINGS PER SHARE UNDER ASC 606 OF $0.77 TO $0.95.SEES FY 2019 NET SUBSCRIPTION ADDITIONS UNDER ASC 606 OF 500,000 TO 550,000.FY2019 REVENUE VIEW $2.55 BILLION -- THOMSON REUTERS I/B/E/S.Q4 EARNINGS PER SHARE VIEW $-0.11, REVENUE VIEW $544.7 MILLION -- THOMSON REUTERS I/B/E/S.  Full Article

Autodesk Posts Q3 Gaap Loss Per Share $0.55
Wednesday, 29 Nov 2017 

Nov 28 (Reuters) - Autodesk Inc ::Q3 NON-GAAP LOSS PER SHARE $0.12.Q3 GAAP LOSS PER SHARE $0.55.Q3 REVENUE $515 MILLION VERSUS I/B/E/S VIEW $513.5 MILLION.Q3 EARNINGS PER SHARE VIEW $-0.13 -- THOMSON REUTERS I/B/E/S.- COMPANY ANNOUNCES RESTRUCTURING PLAN TO FOCUS ON STRATEGIC PRIORITIES.- "NEED TO RE-BALANCE INVESTMENTS ... THIS INCLUDES DIVESTING FROM SOME AREAS AND INCREASING OUR INVESTMENT IN OTHERS".SEES ‍Q4 REVENUE $537 MILLION - $547 MILLION ​.- RESTRUCTURING NOT A COST REDUCTION ACTIVITY.- ‍THROUGH RESTRUCTURING, AUTODESK SEEKS TO STREAMLINE ORGANIZATION AND RE-BALANCE RESOURCES TO BETTER ALIGN WITH COMPANY'S PRIORITIES​.SEES ‍Q4 GAAP LOSS PER SHARE $1.18 - $1.11​.- ‍$91 MILLION TO $100 MILLION IN PRE-TAX RESTRUCTURING CHARGE​ WILL BE TAKEN IN Q4 2018.- MAINTAINING COMMITMENT TO KEEP TOTAL NON-GAAP SPEND FLAT THIS YEAR AND NEXT.SEES ‍Q4 NON-GAAP LOSS PER SHARE $0.14 - $0.10​.Q4 EARNINGS PER SHARE VIEW $-0.14, REVENUE VIEW $544.8 MILLION -- THOMSON REUTERS I/B/E/S.- ‍ REMAINING PRE-TAX RESTRUCTURING CHARGE APART FROM $91 MILLION TO $100 MILLION TO BE TAKEN IN Q4 WILL BE TAKEN IN FISCAL 2019​.- ‍ANTICIPATES TAKING PRE-TAX RESTRUCTURING CHARGE IN RANGE OF $135 MILLION TO $149 MILLION​.- Q3 TOTAL ANNUALIZED RECURRING REVENUE WAS $1.90 BILLION, AN INCREASE OF 24 PERCENT.- ‍SUBSCRIPTION PLAN SUBSCRIPTIONS INCREASED 307,000 FROM Q2 OF FISCAL 2018 TO 1.9 MILLION AT END OF Q3​.- ‍ TOTAL SUBSCRIPTIONS INCREASED 146,000 FROM Q2 OF FISCAL 2018 TO 3.6 MILLION AT END OF Q3​.  Full Article

Tiger Global Management takes share stake in Redfin, Weibo, Autodesk
Wednesday, 15 Nov 2017 

Nov 14 (Reuters) - Tiger Global Management::Takes share stake of 7.7 million shares in Redfin Corp - SEC filing.Takes share stake of 910,000 sponsored ADRS in Weibo Corp.Takes share stake of 1.2 million shares in Autodesk.Change in holdings are as of Sept. 30, 2017 and compared with the previous quarter ended as of June 30, 2017.  Full Article

Corrected: Autodesk, Flex veterans raise $179 mln for manufacturing startup

(Corrects paragraph 4 to say McNamara is current Flex CEO rather than former Flex CEO)