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The company saw strength among both enterprise customers and entry-level buyers in its latest quarter, its CEO said.
Autodesk's (ADSK) fiscal fourth-quarter 2024 results are likely to reflect strength in demand for software products, higher subscription revenues, steady renewals and new customer billings.
Alphabet's (NASDAQ: GOOG , NASDAQ: GOOGL ) Google has been on an AI roll lately. It released its conversational AI model Gemini back in early December of last year.
Besides Wall Street's top -and-bottom-line estimates for Autodesk (ADSK), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended January 2024.
The coming week is likely to be a consolidation period, the market is likely to move higher through 2024. Technology is the leading sector and will remain so.
We've all seen the headlines – America's infrastructure is falling apart, bridges are crumbling, and major roads are chock full of potholes. The government knows infrastructure has been neglected for decades.
Autodesk has successfully transitioned from a licensing model to a subscription-based model, resulting in accelerated revenue growth and increased operating profits. The shift from multi-year contracts to annual subscriptions has impacted upfront payments and reduced free cash flow, but a recovery is expected in FY24. Despite challenges in cash flow, Autodesk maintains solid topline growth and a strong outlook, with a 9% revenue growth floor for the next fiscal year.
Alphabet's focus on artificial intelligence is starting to pay off. Autodesk is following a well-established business model.
Sustainable stocks continue to get a bad rap from investors. The standard argument against sustainable investing is that it's not profitable, even when done correctly using all the appropriate screens to exclude companies not adhering to the stringent criteria for sustainable stocks.
Autodesk, Inc. (NASDAQ:ADSK ) Barclays Global Technology Conference December 7, 2023 6:05 PM ET Company Participants Stephen Hooper - VP of Design and Manufacturing Simon Mays-Smith - Head of IR Conference Call Participants Saket Kalia - Barclays Saket Kalia Okay, folks. Well, welcome to the last session of day 2 at the Barclays Conference, and I can truly say we saved the best for last.