AUTODESK Reports Fourth Quarter Earnings Results for FY2023

Earnings Overview

On February 23 2023, AUTODESK ($NASDAQ:ADSK) reported its earnings for the fourth quarter of its fiscal year ending January 31 2023. During that period, the company’s total revenue increased by a staggering 228.8% year over year to USD 293.0 million and net income rose 8.8% to USD 1318.0 million compared to the same quarter in the previous year.

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Autodesk reported strong fourth quarter and full-year results, with overall demand remaining consistent with the third quarter. Billings in the quarter increased 28%, with multi-year contracts and large renewals providing a tailwind to both billings and free cash flow. Total revenue grew 9% as reported and 12% in constant currency. Gross margin remained broadly level at 92%, while operating margin increased by 1 percentage point to approximately 36%.

GAAP operating margin increased by 9 percentage points to 21%. Free cash flow was a record $900 million in the quarter and $2 billion for the full year, reflecting the strong billings growth.

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Autodesk. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Autodesk. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Autodesk. More…

Key Ratios Snapshot

Some of the financial key ratios for Autodesk are shown below. More…

Share Price

The results showed a positive outlook for the company, with their stock opening at $218.1 and closing at $221.2 for the day, up by 2.1% from last closing price of 216.7. Moreover, the company also saw an increase in operating income of 11%, and its net income grew by 14%. This all serves as a sign that AUTODESK is continuing to remain strong and resilient throughout these trying times.

The company’s stock increased in value, their revenue surged, and their operating income and net income increased. These results demonstrate that AUTODESK is in a great position for further success, and that investors and shareholders believe in their potential for growth. autodesk-reports-fourth-quarter-earnings-results-for-fy2023″>Live Quote…

Analysis

GoodWhale analyzed AUTODESK’s financials and our Star Chart revealed that AUTODESK is a strong company in terms of asset, growth, and profitability; however, its dividend is lower than average when compared to other companies. Additionally, AUTODESK had a high Health Score of 8/10, which indicated that it is capable to sustain future operations in times of crisis due to its strong cashflows and low debt. Classified as a ‘gorilla’, AUTODESK is a company we conclude that achieved stable and high revenue or earning growth due to its strong competitive advantage. As such, investors who are looking for a long-term investment in a reliable and successful company, would be very interested in AUTODESK. autodesk-reports-fourth-quarter-earnings-results-for-fy2023″>More…

Peers

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 ($LTS:0FDT)

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.

– ZUKEN Inc ($TSE:6947)

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.

Summary

AUTODESK recently reported its financial results for Q4 of 2023 with impressive numbers. Total revenue increased by 228.8% compared to the same quarter in the previous year, amounting to USD 293.0 million. Furthermore, net income rose 8.8% year over year to USD 1318.0 million.

These numbers demonstrate the company’s success and make it an attractive investment opportunity for those looking to diversify their portfolio. With a proven track record and a bright future ahead, AUTODESK is a great choice for investors.