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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.
Audioboom’s FY23 results and Q1 trading update show Q1 24 revenue growth of +11% yoy, $6.7m of March 2024 revenue marking the platform’s highest revenue month since May 2022, and a confident outlook that leads us to reiterate our FY24E forecasts. Following the focus on new initiatives through FY23, the platform is now in its strongest ever operational position, with a record 1.1bn monthly ad impressions created in March 2024, record global audience reach of 38.6m unique global listeners in Janua
Companies: Audioboom Group PLC
Cavendish
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
Crimson Tide has reported FY23 results to December in line with expectations, with additional operating leverage benefitting updated FY24 and maiden FY25 and FY26 forecasts. FY23 delivered +15% revenue growth to £6.2m at 86% GM, of which over 90% is recurring, and maintained £5.8m ARR even after unexpected customer churn in the year as we previously noted. Crucially, the Group achieved milestone adj EBITDA profitability of £0.4m at 7% EBITDA margin, and edges closer to adj PBT profitability expe
Companies: Crimson Tide Plc
Companies: BILN ELCO NXQ CUSN ATG
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: 88E RNO TRIN KRM EXR BOOM
Checkit has won contracts with two customers worth at least £417k over the three-year lives of the contracts, confirming its ability to upsell to its existing customer base and supporting our forecasts. Having trialled the new technology with multiple customers, Checkit has launched its Asset Intelligence module, which uses advanced analytics and machine learning to enhance customer sustainability, reduce costs and increase revenue.
Companies: Checkit plc
Edison
Companies: Kainos Group PLC
Canaccord Genuity
ATG’s H1/24 trading statement indicates revenue for the six-month period to 31 March 2024 was $86m, a 6% increase on H1/23 (1% organic growth), helped by the addition of the EstateSales.Net (ESN) marketplace last year, which performed well in the period. Total marketplace revenue increased 2% (organic), driven by growth in value-added services (VAS) and event fees, offsetting a decline in commission revenue (mainly through lower asset prices).
Companies: Auction Technology Group PLC
Companies: Crimson Tide Plc (TIDE:LON)Plant Health Care PLC (PHC:LON)
Touchstar is a supplier of mobile data computing solutions and managed services to a variety of industrial sectors. This morning's full year results reflect the outcome of a multi-year strategy coming to fruition for the group, with recurring revenue growth of 8.7% delivering overall revenue growth of 7.1% and in turn a 60% increase in PBT to £0.7m. Over the past few years, Touchstar has focused on enhancing the returns from their product offering through a shift towards recurring software licen
Companies: Touchstar plc
WHIreland
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
ENGAGE XR’s FY23 results show revenue and net cash in line with the February trading update, EBITDA ahead at -€4.0m vs -€4.5m due to the split of cash outflow between opex and working capital, and a confident outlook that leads us to reiterate our FY24E forecasts. FY23 revenue for the core ENGAGE platform was unchanged vs FY22 at €3.3m, as H2 23 revenue was impacted by the record seven-figure contract announced in February shifting to 2024, and several enterprise customers scaling back renewals
Companies: Engage XR Holdings PLC
Companies: Cirata Plc
Liberum
Companies: UTL ASC DNLM BWNG MONY DFS BOO
Shore Capital
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