Autodesk looks forward to achieving a more sustainable planet through the efficient use of water. Autodesk has announced the acquisition of Innovyze, a water infrastructure software company, for $1 billion in cash. Surpassing PlanGrid acquisition for $875 million in 2018, this is the biggest acquisition in Autodesk’s history. The company will enable Autodesk to strengthen … [Read more...] about Autodesk is acquiring Innovyze for water infrastructure solutions
Andrew Anagnost
Autodesk Q3 results show continued gains
Advances in products for construction and manufacture bring in added revenues. It’s not news to anyone that cloud-based workflows are booming, but it’s good news for Autodesk that its customers are buying into SaaS models. In addition to rising revenues, the company says it’s becoming more engaged with its customers as strategic partners. In his call to investors, CEO … [Read more...] about Autodesk Q3 results show continued gains
AU 2020: Autodesk’s continued focus on AEC
Autodesk continues building out its construction and cloud options; updates Revit. The motto for AU this year was Reimagine Possible and we’ve been doing plenty of that. We’re reimagining everything from going to the grocery store to visiting with friends using a computer. Why should work be any different? Autodesk CEO Andrew Anagnost talked about how the pandemic has … [Read more...] about AU 2020: Autodesk’s continued focus on AEC
Autodesk’s first quarter fiscal 2021 financial highlights
For the first quarter of what is already a very difficult year, Autodesk maintains an even keel. The company's AEC business thrives; manufacturing slows. Autodesk has come through its first quarter with good results and the company expressed satisfaction and just moderate caution about the rest of the year. The company raised revenue 20% to $886 million and reported a net … [Read more...] about Autodesk’s first quarter fiscal 2021 financial highlights
Autodesk announces solid results for the quarter
But hedges bet in the face of all kinds of uncertainty. Autodesk reported increased earnings and brought its income up out of the red and into the black at $40.2 million. With revenues up 30% to $797, the company pushed its ARR up to $3.07 billion. Total billings increased by 48% to $892 million. The company’s recurring revenue is at 97% of the total. And yet, the stock went … [Read more...] about Autodesk announces solid results for the quarter
Autodesk names SVP Andrew Anagnost as new President and Chief Executive Officer
After an external search and an internal review, the Autodesk board goes with continuity instead of change. Autodesk has announced the appointment of Andrew Anagnost as the company’s new CEO and President. Anagnost had been serving as co-CEO with Amar Hanspal through an interim period as the company conducted an outside search and weighed their options with both contenders. … [Read more...] about Autodesk names SVP Andrew Anagnost as new President and Chief Executive Officer