AUTODESK ($NASDAQ:ADSK) reported their financial results for the second quarter of FY2024, ending August 23 2023, with total revenue of USD 1345.0 million, an 8.7% increase from the previous year. Net income was reported to be USD 222.0 million, showing a 19.4% growth from the year prior.
On Wednesday, AUTODESK released its Fiscal Year 2024 Q2 financial results ending August 23, 2023. AUTODESK stock opened at $202.2 and closed at $204.4, up by 1.9% from its last closing price of 200.6.
Additionally, the gross margin also increased by 3% from the prior year, indicating that AUTODESK is focused on product and services optimization. Overall, these results are very positive for AUTODESK and suggest that the company is on track to reach its financial goals for the fiscal year 2024. This is also reflected in the stock’s performance, as it closed up 1.9% from its last closing price on Wednesday. Live Quote…
About the Company
Ownership (Institutional/ Fund Holdings)
Below shows the total revenue, net income and net margin for Autodesk. More…
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Cash Flow Snapshot
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Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Autodesk. More…
Balance Sheet (Yearly/ Quarterly)
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Key Ratios Snapshot
Some of the financial key ratios for Autodesk are shown below. More…
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At GoodWhale, we conducted an analysis of AUTODESK‘s wellbeing. We used our Star Chart to classify AUTODESK as a ‘gorilla’, a type of company that has achieved stable and high revenue or earnings growth due to its strong competitive advantage. These types of companies are attractive to a wide range of investors; however, AUTODESK does not offer a dividend. Nonetheless, it is strong in assets, growth, and profitability. Additionally, with regard to cash flows and debt, AUTODESK has a high health score of 8/10. This suggests that the company is capable of paying off its debt and can fund its future operations. Therefore, we conclude that AUTODESK is an attractive investment option for investors who are looking for companies with strong competitive advantages and steady growth potential. More…
Risk Rating Analysis
Star Chart Analysis
In the world of architectural and engineering design software, Autodesk Inc. is a giant. Its main competitors are Beijing YJK Building Software Co Ltd, Nemetschek SE, and ZUKEN Inc. All three companies offer similar products and services, but Autodesk Inc. has the lion’s share of the market.
– Beijing YJK Building Software Co Ltd ($SZSE:300935)
Beijing YJK Building Software Co Ltd is a leading provider of enterprise software solutions in China. The company offers a comprehensive suite of products and services that enable organizations to streamline their operations, improve their productivity, and reduce their costs. Beijing YJK Building Software Co Ltd has a market cap of 2.21B as of 2022, a Return on Equity of 2.61%. The company’s products and services are used by a wide range of industries, including manufacturing, construction, healthcare, education, and government. Beijing YJK Building Software Co Ltd has a strong focus on innovation and R&D, and has a number of patents and intellectual property rights. The company’s products are distributed through a network of resellers and distributors in China and around the world.
Nemetschek SE is a holding company for a group of companies that develop software solutions for the AEC industry. The company operates in two segments, Architecture, Engineering, and Construction (AEC) and Media & Entertainment (M&E). The AEC segment provides software solutions for the design, construction, and operation of buildings and infrastructure. The M&E segment provides software solutions for the creation, distribution, and monetization of digital content.
Nemetschek SE has a market cap of 5.53B as of 2022 and a Return on Equity of 22.14%. The company’s strong market position and financial performance are due to its diversified portfolio of software products and solutions, which cater to the needs of the AEC and M&E industries.
Mitsubishi UFJ Financial Group, Inc. (MUFG) is one of the largest banks in the world with total assets of over $2.5 trillion. MUFG has a long history dating back to the Meiji period in Japan and is currently one of the leading banks in Asia. The company offers a wide range of financial services including retail banking, corporate banking, investment banking, and asset management. MUFG has a strong presence in Japan with over 3,000 branches and a market share of around 20%. The company also has a significant international presence with operations in over 50 countries.
Investors in Autodesk were pleased with the release of their financial results for FY2024 Q2. Total revenue increased 8.7% over the previous year to USD 1345.0 million, while net income grew 19.4% to USD 222.0 million. These strong results demonstrate the company’s overall growth and potential return on investment, especially when compared to previous financial periods. Autodesk is a strong investment opportunity for those looking to capitalize on a profitable stock.