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Despite pandemic, geopolitical, policy, and macroeconomic headwinds, Autodesk gave a strong financial performance in the quarter and delivered an all-around beat. By product, AutoCAD LT, AutoCAD, and AEC revenue grew. The product subscription renewal rate and its net revenue retention rate remain strong. The company continues to make excellent progress in its strategic initiatives, which drives accelerating the adoption of the Autodesk Construction Cloud. It added around 1000 new logos, generate
Companies: AUTODESK (ADSK:NYSE)Autodesk, Inc. (ADSK:NAS)
Baptista Research
In a challenging macroeconomic environment, Autodesk delivered a decent quarterly result and has performed in line with expectations in terms of revenues as well as earnings. Its strong competitive performance, new business growth, and resilient subscription renewal rates were partly offset, given the geopolitical, macroeconomic policy-related headwinds. Outside of China and Russia, new business growth decelerated slightly in the quarter. The renewal business of the company continues to be a hig
Autodesk reported a solid quarter in terms of revenue, free cash flow, and non-GAAP operating margin. The end market's demand remained strong for the company and it delivered another all-around beat. Autodesk’s renewal rates continue to be good and its strong competitive position helps the management offset the indirect and direct impact of Covid-19, policy, macroeconomic, and geopolitical related factors. The company sustained strong momentum in its manufacturing portfolio this quarter as it co
Autodesk had a strong first quarter, with broad-based strength across products and regions. The company managed to surpass Wall Street expectations on all fronts and its structural growth drivers continue to support and propel the business even as macroeconomic, geopolitical, and policy uncertainties increase. The company’s growth drivers strengthen their position as a key player in customers' digital transformations. While its capital allocation strategy remains unchanged, the management contin
Companies: Autodesk, Inc. (ADSK:NAS)Autodesk, Inc. (0HJF:LON)
Autodesk’s deteriorating revenue momentum and the lowered management expectations with respect to future cash flows have been a cause of concern for stakeholders. The company was unable to meet management guidance in 2021 despite a fairly decent year though it did manage a strong cash generation. The company's free cash flow margin of 49% was phenomenal. Autodesk’s renewal rates were strong, subscription growth was strong, and digital sales were rapidly expanding, among other factors. Its divers
Autodesk’s share price has taken a hit like most other software players but the management made the most out of it through the recent share repurchase at a higher rate than in previous quarters, allowing them to offset the past dilution and getting ahead of a significant portion of their estimated dilution in the coming fiscal on account of future acquisitions. The company had a strong cash generation during the year and its free cash flow margin of 49% was phenomenal. Autodesk’s renewal rates w
Autodesk delivered a good third-quarter results with new subscriptions, record subscription renewal rates, a net revenue retention rate toward the high end of the company's range, and solid competitive performance. Their RPO and billings grew by 18% and 16%, respectively, despite a tougher year than 2020. In the automotive sector, the company continues to expand beyond the design studio into manufacturing and connected factories as automotive OEMs seek to break down work silos and shorten handof
Autodesk delivered yet another outstanding second-quarter results with a subscription revenue growth of 21%. Its AutoCAD and AutoCAD LT revenues increased by an impressive 12% whereas its AEC revenue increased by 21%, and manufacturing revenue increased by 12%. However, there was a selloff in the stock after its earnings given the management’s decision to tweak its billing strategy for its large enterprise clients. Earlier, companies would pay Autodesk upfront for three-year subscriptions and ge
Autodesk had a reasonably good quarterly result with a 11.7% top-line growth and earnings surpassing Wall Street expectations. The computer-aided design (CAD) software giant has recently been in the news for its failed attempt to acquire Australia-based software maker, Altium. There is little doubt over the fact that Autodesk trades at a heavy premium but we believe that it continues to have a strong upside. With the heavy infrastructure push being given by the Biden administration, the demand f
Companies: ADSK AUD ADSK 1ADSK 0HJF
Research Tree provides access to ongoing research coverage, media content and regulatory news on Autodesk, Inc.. We currently have 0 research reports from 3 professional analysts.
Journeo has confirmed record results for FY23A, in-line with recent upgraded expectations across the board. FY23A revenue increased significantly by 118% to £46.1m (including 20% organic growth) and Adj PBT increased 270% to £4m, representing a near doubling of the Adj PBT margin. Journeo has positioned itself for a period of sustained growth following the transformational Infotec acquisition, the bolt-on MultiQ acquisition and ongoing R&D in the existing business. Journeo looks compelling on an
Companies: Journeo plc
Cavendish
Craneware is the market leader in value cycle SaaS provision in the US with a 40% market penetration and the ambition to become ubiquitous in US hospitals. The shackles of Covid disruption, digestion of the Sentry acquisition, and the transitioning of its customers to the fully cloud based Trisus platform, have fallen away and opened up new sales opportunities for the group. While the shares have out-performed strongly, multiples look reasonable compared with peers. We calculate a DCF based fair
Companies: Craneware plc
Capital Access Group
In 2023, the company delivered strong 13% organic constant currency revenue growth and Adjusted EBITDA in line with expectations, even after including one-off inventory provisions.
Companies: Big Technologies PLC
Zeus Capital
Companies: CML Microsystems Plc
Shore Capital
Companies: FOG PEB KBT EMR TIME GETB JNEO
The trading update confirms revenues in line with our expectations. Excess inventory flow through and market softness in China have impacted CML’s core business, but Microwave Technologies Inc (MwT) is performing ahead of expectations. The net effect, along with MwT acquisition related costs, is that Reported PBT and EBITDA are to be lower than expectations, but not substantially so. The long-term investment case is founded upon the opportunity in next-generation wireless and, with £18m cash and
Progressive Equity Research
Companies: Nanoco Group PLC
Turner Pope Investments
Nanoco, the world-leading provider of cadmium-free Quantum Dot technology, has reported positive 1H24 results, and stated that FY24 performance is expected to be in-line with market expectations. We reiterate our FY24E forecasts. Operationally, the company has achieved strong progress over the past six months, and the interims statement includes further progress on the company’s next-generation revenue programmes being implemented post period end. We maintain our 60.2p price target.
GetBusy’s FY23 results show organic revenue growth of +10% to £21.1m, FY23 adjusted EBITDA +£0.1m ahead of our +£0.3m upgrade at the January trading update, and a promising outlook that leads us to reiterate our FY24E forecasts. At constant currency, ARR grew +10% yoy to £20.5m, recurring revenue grew +12% to £20.3m, and net revenue retention of 100.0% per month reflects upselling and price increases, with gross monthly churn of 0.8% per month vs 0.9% in FY22. Within SmartVault, the July 2023 la
Companies: GetBusy Plc
Companies: FOG TND BVXP ACC HDD
Companies: PMG DUKE CMCL BOOM
Broadcast playout automation solutions provider Pebble Beach has reported confident FY23 results to Dec 2023 in line with updated January trading update expectations, and has announced the much-anticipated Project Oceans will launch as PRIMA (Platform for Real-time Integrated Media Applications) in April 2024. This underpins a mid-term 80% recurring revenue ambition and expansion in addressable market. FY23 delivered +11% revenue growth to £12.4m, which benefitted from the unwind of defensive in
Companies: Pebble Beach Systems Group PLC
Companies: LPA SOLI NANO QTX
Companies: Windward Ltd.
Canaccord Genuity
Companies: BILN IGP RBN SBTX
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