Sign in

    Autodesk Inc (ADSK)

    You might also like

    Autodesk, Inc. is a global leader in 3D design, engineering, and entertainment technology solutions, serving industries such as architecture, engineering, construction, product design, manufacturing, media, and entertainment . The company offers a wide range of products categorized into four primary families: Architecture, Engineering and Construction (AEC), AutoCAD and AutoCAD LT, Manufacturing (MFG), and Media and Entertainment (M&E) . Autodesk sells its products globally through a combination of indirect and direct channels, with a significant portion of revenue derived from international markets .

    1. Architecture, Engineering and Construction (AEC) - Provides comprehensive tools for designing, engineering, and constructing buildings and infrastructure.
    2. AutoCAD and AutoCAD LT - Offers versatile software for 2D and 3D CAD design, drafting, and modeling.
    3. Manufacturing (MFG) - Delivers solutions for product design, manufacturing processes, and factory planning.
    4. Media and Entertainment (M&E) - Supplies technology for creating visual effects, animation, and immersive experiences.
    NamePositionExternal RolesShort Bio

    Andrew Anagnost

    ExecutiveBoard

    President and CEO

    Board Member at HubSpot, Inc.

    Andrew Anagnost has been CEO since June 2017. He joined Autodesk in 1997 and has held various leadership roles, including Co-CEO and Chief Marketing Officer. He holds a PhD in Aeronautical Engineering from Stanford.

    View Report →

    Betsy Rafael

    Executive

    Interim Chief Financial Officer

    Board Member at Informatica LLC and Kinaxis, Inc.

    Betsy Rafael became Interim CFO in May 2024. She has extensive financial leadership experience, including roles at Apple, Cisco, and GoDaddy. She joined Autodesk's board in 2013 before transitioning to this role.

    Rebecca Pearce

    Executive

    EVP and Chief People Officer

    None

    Rebecca Pearce joined Autodesk in 2015 and became Chief People Officer in January 2022. She has held various HR leadership roles within the company.

    Ruth Ann Keene

    Executive

    EVP, Corporate Affairs, Chief Legal Officer, and Corporate Secretary

    None

    Ruth Ann Keene rejoined Autodesk in January 2022 and became Chief Legal Officer in May 2022. She previously held senior legal roles at Unity Technologies and Autodesk.

    Steve M. Blum

    Executive

    Executive Vice President and COO

    None

    Steve Blum joined Autodesk in 2003 and has held multiple leadership roles, including Chief Revenue Officer. He became COO in January 2022.

    Ayanna Howard

    Board

    Director

    Dean of the College of Engineering at The Ohio State University; Board Member at Motorola Solutions, Inc.

    Ayanna Howard joined Autodesk's board in 2019. She is a robotics and AI expert and the Dean of Engineering at The Ohio State University.

    Blake Irving

    Board

    Director

    Board Member at DocuSign, Inc.; ZipRecruiter, Inc.; Flowhub, LLC

    Blake Irving joined Autodesk's board in 2019. He is the former CEO of GoDaddy and has held leadership roles at Yahoo! and Microsoft.

    John Cahill

    Board

    Director

    Director at American Airlines and Colgate-Palmolive; Vice Chair of Kraft Heinz Company

    John Cahill joined Autodesk's board in December 2024. He has extensive leadership experience, including as CEO of Kraft Foods Group and Vice Chair of Kraft Heinz.

    Karen Blasing

    Board

    Director

    Board Member at Zscaler, Inc. and GitLab, Inc.

    Karen Blasing joined Autodesk's board in 2018. She is the former CFO of Guidewire Software and has extensive financial leadership experience.

    Ram Krishnan

    Board

    Director

    Director at Aspen Technology

    Ram Krishnan joined Autodesk's board in December 2024. He is the COO of Emerson and has played a key role in its transformation into an industrial technology leader.

    Rami Rahim

    Board

    Director

    CEO of Juniper Networks, Inc.

    Rami Rahim joined Autodesk's board in 2022. He is the CEO of Juniper Networks and has extensive experience in networking and technology leadership.

    Reid French

    Board

    Director

    Board Member at Verint Systems Inc., JSSI, Inc., and NetDocuments Software, Inc.

    Reid French joined Autodesk's board in 2017. He has over 20 years of leadership experience in the software industry, including as CEO of Applied Systems.

    Stacy J. Smith

    Board

    Non-Executive Chair of the Board

    Executive Chairman of Kioxia Corporation; Board Member at Wolfspeed, Inc.

    Stacy J. Smith has been a director since 2011 and became Non-Executive Chair in 2018. He previously held senior roles at Intel, including CFO and Group President.

    Stephen Milligan

    Board

    Director

    None

    Stephen Milligan has been a director since 2018. He previously served as CEO of Western Digital Corporation and has extensive experience in technology and finance.

    1. Given that Autodesk is currently at the bottom end of its long-term revenue growth guidance of 10% to 15%, and considering the various headwinds like the pandemic, inflation, and exiting the Russian business , what specific strategies are you implementing to accelerate growth and move towards the higher end of that range?

    2. With the ongoing transition to the new transaction model and the increased investments in people, processes, and automation , can you provide more details on how these changes will impact your operating margins in the short term, and what is the timeline for realizing the expected efficiencies?

    3. You mentioned that Project Bernini is not commercially available yet and there's uncertainty around its monetization model ; how do you plan to generate revenue from AI initiatives like Bernini in the future, and what metrics will you use to measure success in this area?

    4. Given the competitive landscape and your assertion that Autodesk is ahead in AI and cloud investments , how do you plan to maintain your competitive advantage, especially considering that the benefits from AI are still uncertain in terms of monetization?

    5. Regarding the large license compliance agreement you mentioned, which included one of your largest ever , to what extent are such compliance efforts contributing to your revenue growth, and do you expect this to be a significant contributor going forward?

    Program DetailsProgram 1Program 2
    Approval DateNovember 2022 November 2024
    End Date/DurationNo fixed expiration No fixed expiration
    Total additional amount$5 billion $5 billion
    Remaining authorization$4.30 billion N/A
    DetailsOffset dilution, reduce shares, return excess cash Offset dilution, reduce shares, return excess cash
    YearAmount Due (in millions)Debt TypeInterest Rate% of Total Debt
    2025$3002015 Notes4.375%13.0% = (300 / 2300) * 100
    2026$3002015 Notes4.375%13.0% = (300 / 2300) * 100
    2027$5002020 Notes3.5%21.7% = (500 / 2300) * 100
    2028$5002020 NotesN/A21.7% = (500 / 2300) * 100
    2031$1,0002021 & 2017 NotesN/A43.5% = (1000 / 2300) * 100

    Competitors mentioned in the company's latest 10K filing.

    CompanyDescription

    A primary global competitor in the design software market, which is characterized by rapid change and vigorous competition. The company competes in various vertical markets served by the design software industry.

    A primary global competitor in the design software market, which is characterized by rapid change and vigorous competition. The company competes in various vertical markets served by the design software industry.

    Dassault Systèmes S.A.

    A primary global competitor in the design software market, including its subsidiary Dassault Systèmes SolidWorks Corp., which operates in various vertical markets served by the design software industry.

    Intergraph Corporation

    A primary global competitor in the design software market, operating as a wholly owned subsidiary of Hexagon AB. The company competes in various vertical markets served by the design software industry.

    MSC Software Corporation

    A primary global competitor in the design software market, which is characterized by rapid change and vigorous competition. The company competes in various vertical markets served by the design software industry.

    Nemetschek AG

    A primary global competitor in the design software market, which is characterized by rapid change and vigorous competition. The company competes in various vertical markets served by the design software industry.

    A primary global competitor in the design software market, which is characterized by rapid change and vigorous competition. The company competes in various vertical markets served by the design software industry.

    A primary global competitor in the design software market, which is characterized by rapid change and vigorous competition. The company competes in various vertical markets served by the design software industry.

    A primary global competitor in the design software market, which is characterized by rapid change and vigorous competition. The company competes in various vertical markets served by the design software industry.

    A primary global competitor in the design software market, which is characterized by rapid change and vigorous competition. The company competes in various vertical markets served by the design software industry.

    Siemens PLM

    A primary global competitor in the design software market, which is characterized by rapid change and vigorous competition. The company competes in various vertical markets served by the design software industry.

    A primary global competitor in the design software market, which is characterized by rapid change and vigorous competition. The company competes in various vertical markets served by the design software industry.

    CustomerRelationshipSegmentDetails

    TD Synnex Corporation

    Largest distributor, channel partner

    All

    33% of net revenue in FY2025 , 39% in FY2024 , 37% in FY2023 , 5% of trade A/R on January 31, 2025 , 18% on January 31, 2024

    Ingram Micro

    Major distributor, channel partner

    All

    5% of net revenue in FY2025 , 7% in FY2024

    NameStart DateEnd DateReason for Change
    Ernst & Young LLP1983 PresentCurrent auditor

    Notable M&A activity and strategic investments in the past 3 years.

    CompanyYearDetails

    Wonder Dynamics (Aether Media, Inc.)

    2024

    Autodesk acquired Wonder Dynamics (also known as Aether Media, Inc.) on May 20, 2024, for a total of $131 million in cash—with $122 million as purchase consideration and $9 million recorded as prepaid expenses— to enhance its AI capabilities for visual effects through its cloud‐based AI pipeline for creating computer-generated 3D characters on the Flow platform.

    PIX business of X2X, LLC

    2024

    Acquired on March 15, 2024, for $266 million in cash, the PIX business is a production management solution for secure review and collaboration in media and entertainment, with the deal structured to include developed technology, customer relationships, and significant goodwill that supports greater production efficiencies.

    Payapps Limited

    2024

    Autodesk completed its $387 million cash acquisition (with $381 million as purchase consideration and $6 million recorded as prepaid expenses) of Payapps Limited on February 20, 2024, to deepen its Construction Cloud offering by automating construction-related payment processes and enhancing transparency and speed-to-payment.

    Cloud-connected extended reality (XR) platform

    2023

    In fiscal 2023, Autodesk acquired a cloud-connected XR platform to support its digital transformation in the AEC sector by enabling immersive, interactive AR/VR experiences for project collaboration and review, addressing increased demand for immersive technologies.

    Multiple Business Combinations (Aggregate)

    2023

    Autodesk executed a series of business combinations in fiscal 2023 involving a mix of cash consideration and restricted stock awards (with a total of $114 million consideration), acquiring developed technologies, customer relationships, and recording $85 million in goodwill, with terms including stock vesting conditions and deferred revenue adjustments to capture expected synergies.

    Multiple Business Combinations (Aggregate)

    2022

    In 2022, Autodesk completed multiple business combinations—including deals like Innovyze and Upchain—using a mix of cash and stock totaling up to $114 million, acquiring capabilities in developed technologies and customer relationships with significant goodwill where a portion was tax-deductible, all aimed at expanding its portfolio and market presence.

    Storm UK Holdco Limited (parent of Innovyze, Inc.)

    2021

    On March 31, 2021, Autodesk acquired Storm UK Holdco Limited, parent of Innovyze, Inc., for a total consideration of $1,040.9 million (primarily cash plus a minor stock component) to integrate advanced water infrastructure software and modeling solutions into its BIM offerings, with the purchase including developed technologies, customer relationships, and substantial goodwill subject to customary closing conditions.

    Recent press releases and 8-K filings for ADSK.

    Autodesk Posts Strong FY 2025 Financials, Responds to Starboard Comments
    ADSK
    Board Change
    Share Buyback
    Revenue Acceleration/Inflection
    • Autodesk delivered FY 2025 revenue of $6.1 billion, showing a 16% annual growth since FY 2019 and a 12% year-over-year increase, with markedly improved operating margins.
    • The company reported significant free cash flow growth from $1.3 billion in FY 2024 to $1.6 billion in FY 2025 and raised its FY 2026 free cash flow target to between $2.075 billion and $2.175 billion.
    • Increased share repurchase commitments were announced, with plans to buy back $1.1 billion–$1.2 billion of stock in FY 2026, complemented by proactive board strengthening through independent director appointments.
    • Autodesk addressed criticisms by Starboard Value regarding its nomination process, reaffirming its commitment to constructive shareholder engagement despite challenges posed by Starboard’s tactics.
    Mar 26, 2025, 7:45 PM