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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 1 research reports from 3 professional analysts.
Made Tech has won a material expansion (worth up to £19.5m/2yrs) with a long-standing customer, The Department for Levelling Up, Housing and Communities (“DLUHC”). Coming off the back of a soft H1 bookings performance, we expect this win to materially boost investor sentiment and reassure how notwithstanding a tough backdrop (given an impending general election) MTEC continues to outcompete legacy providers and in-so-doing, grow its share of wallet with large/strategic customers. Landing near FY
Companies: Made Tech Group PLC
Singer Capital Markets
Eleco’s FY23 results show robust organic recurring revenue growth of +17% with recurring revenue +22% to £20.7m, adj EBITDA +2% ahead of the January update, and a confident outlook with Q1 ARR already at £24.5m vs £22.6m at FY23. At this point, the excellent start to FY24 leads us to reiterate our FY24-26E revenue, adj EBITDA, EFCF, and DPS, and we include the April 2024 acquisition of Vertical Digital in our FY24-26E net cash, as we explain below. As Eleco builds upon the successful acquisition
Companies: Eleco Plc
Cavendish
Companies: Cerillion Plc
Liberum
Cerillion has announced a very solid update, as H1 sales and EBITDA are both up 10% y/y to £22.5m and £10.9m respectively, notwithstanding the exceptionally strong base period (sales and EBITDA +27% and +38% resp.). Results therefore point to continued strong customer demand, reflecting how Cerillion’s out-of-the-box product continues to resonate and gain adoption, particularly in a ‘budget conscious’ environment, by offering faster time to market, greater configurability and at a lower cost. Me
As reported in March, underlying EBITDA profitability improved to record levels despite FX headwinds. Further platform and proposition developments were completed, key steps on its digital roadmap, and it has already won 7 contracts YTD. Alongside planned growth in private membership, this will at least offset the loss of one contract. Forecasts are left unchanged today and, as member engagement throttles back up, FX headwinds ease, and proof points of digital efficiency emerge, markets should b
Companies: Ten Lifestyle Group PLC
itim is a disruptive SaaS-based platform that enables store-based retailers to implement a proven Omni-channel solution. This morning, the group has announced an additional professional services contract with its long-standing client, The Entertainer. Following a year-long trial, The Entertainer is opening in over 800 Tesco stores across the UK & Ireland, alongside a supplier agreement for Tesco stores across Central Europe. Under the contract, The Entertainer will extend its use of itim's Unify
Companies: Itim Group PLC
WHIreland
GE Healthcare has announced the launch of the Voluson Signature 20 and 18 ultrasound systems, with the related press release noting these systems ‘comprehensively integrate artificial intelligence’ to improve the ultrasound procedure for clinicians and the women being scanned. These ultrasound systems include SonoLyst, the AI which incorporates Intelligent Ultrasound’s ScanNav Assist and ScanNav AutoCapture AI software. The launch of additional Voluson systems including the SonoLyst suite of AI
Companies: Intelligent Ultrasound Group Plc
22nd April 2024 * A corporate client of Hybridan LLP ** Arranged by type of listing and date of announcement *** Alphabetically arranged **** Potential means Intention to Float (ITF) has been announced Dish of the day Admissions: Delistings: What’s baking in the oven? ** Potential**** Initial Public Offerings: Reverse Takeovers: 16 April 2024: Electric Guitar (ELEG.L) Concurrent with its Admission to trading on AIM, Electric Guitar is proposing to acquire the entire issued share capital of 3radi
Companies: ARV CTL AFRN FEN HUW TENG BBSN EAAS VAL
Hybridan
Alphawave Semi has reduced guidance for FY23 and prospectively citing lower revenues from China, changes in expected revenue recognition from long-term contracts, and continuing investment in R&D. The share price has reacted negatively, giving up most of the gains since the trading statement at the end of January. Current consensus, which is a good match for pre-existing guidance, should be reduced, most likely following release of the FY23 results and full 1Q24 trading update due on 23 April. H
Companies: Alphawave IP Group PLC
Capital Access Group
Devolver Digital encouragingly delivered 2023 results slightly ahead of expectations and provided a steady medium-term outlook that leads us to reiterate our 2024 Adjusted EBITDA estimates. Longer term, the company is now planning to further develop its two major planned titles, Human Fall Flat 2 and System Era's next major new release. We now expect those major titles to be released in 2026 rather than 2025, meaning we lower our 2025 Adjusted EBITDA forecast to $10.6m from $17.6m but introduce
Companies: Devolver Digital, Inc.
Zeus Capital
Companies: FOG PEB KBT EMR TIME GETB JNEO
This report is intended to help UK small- and mid-cap investors gain a better understanding of software companies’ routes to market, and to highlight how one of the most important facets of the way in which they grow and deliver value is routinely ignored. We examine sales processes for six UK-listed companies and one that has recently been taken over, and consider why they have followed their respective paths.
Companies: Idox plc
Progressive Equity Research
Banquet Buffet*** Abingdon Health 9.25p £11.3m (ABDX.L) The lateral flow contract development and manufacturing organisation announces its unaudited interim results for the six months ended 31 December 2023. Revenue increased 117% to £2.4m (H1 2023: £1.1m). The Adjusted EBITDA loss decreased 47% to £1.2m (H1 2023: £2.2m). Furthermore, reduction in operating loss of 50% to £1.2m (H1 2023: £2.4m). The Board therefore expects that H2 2024 revenue will be significantly improved compared with H1 2024
Companies: CPX SLP FA/ FIPP ECR ETP ORCA
Companies: IGP RUA BOOM
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