New User:

Forgot your password?

Stock Market & Financial Investment News

News Breaks
June 30, 2014
16:37 EDTADSKAutodesk reiterates FY15 guidance
The following are forward-looking statements based on current expectations and assumptions, and involve risks and uncertainties some of which are set forth below. Autodesk's business outlook for Q2 and FY15 assumes, among other things, a continuation of the current economic environment and foreign exchange currency rate environment, and interest expense related to Autodesk's $750M debt offering in December 2012. A reconciliation between the GAAP and non-GAAP estimates for FY15 is provided in the tables that follow.
News For ADSK From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
October 6, 2015
12:40 EDTADSKAutodesk management to meet with JPMorgan
Subscribe for More Information
September 30, 2015
08:44 EDTADSKAutodesk requires more patience but end still compelling, says Cowen
Subscribe for More Information
September 29, 2015
15:26 EDTADSKAutodesk took 'major step' in right direction with analyst day, says JPMorgan
JPMorgan analyst Sterling Auty said that Autodesk took a "major step in the right direction" by giving transparency on what the company should look like through its subscription transition and beyond during its analyst day meeting. Among the "number of positives" coming from the meeting are the company's explicit revenue and margin guidance through the transition, its outlook for cash flow greater than $4 per share in FY20, and its assertion that the subscription shift is expanding its market opportunity, Auty said. The analyst has an Overweight rating on Autodesk shares.
15:08 EDTADSKAutodesk sees strong growth in ARR and subscriptions from FY16 to FY20
Autodesk sees strong growth in ARR and subscriptions from FY16 to FY20. The company notes that FY17 is the inflection point as perpetual license sales end. the company sees traditional financial metrics to normalize by FY20. Autodesk sees revenue of at least $3.5B in FY20 with sustainable double-digit growth. Sees Non-GAAP operating margin in the mid-20% range in FY20 and increasing to 30% plus. Sees free cash flow of $1B in FY20 and increasing. The company added that model acceleration continues beyond FY20. Information from company slides presentation.
08:32 EDTADSKAutodesk still sees FY16 adjusted EPS 60c-72c, consensus 67c
Sees FY16 revenue $2.47B-$2.51B, consensus $2.48B. Sees billings up 2%-4%. Sees net subscription additions 375,000-425,000.
08:31 EDTADSKAutodesk still sees Q3 adjusted EPS 5c-10c, consensus 7c
Subscribe for More Information
September 27, 2015
12:43 EDTADSKAutodesk shares could rise 50% in 18 months, Barron's says
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the disclaimer & terms of use