Autodesk, Inc. (ADSK)

Sector: Technology|Industry: Software - Application|Market Cap: $62.91B|Employees: 14.1K


Autodesk, Inc. is a global leader in 3D design, engineering, and entertainment software solutions. The company's core business model revolves around providing professional software products for visualizing, simulating, and analyzing real-world performance early in the design process, with primary revenue streams coming from subscriptions. Autodesk's products are sold globally through a combination of indirect and direct channels.

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  2. Company Profile

Business Summary

Autodesk, Inc. is a global leader in 3D design, engineering, and entertainment technology solutions. The company's software products enable customers to design, fabricate, manufacture, and build by visualizing, simulating, and analyzing real-world performance early in the design process. Autodesk's core business model revolves around subscription-based access to its software, which is sold globally through a combination of direct and indirect channels. The company’s market position is supported by its broad portfolio of professional software products and services. Autodesk's competitive advantage lies in its ability to connect workflows and data across the ecosystem of its customers' projects. Key markets include architecture, engineering, construction, product design, manufacturing, media, and entertainment. The company has a global geographic presence.

Key Statistics

  • Employees: Approximately 14,100 (as of January 31, 2024)
  • Geographic Footprint: Global
  • Headquarters: San Francisco, California
  • Founded: 1982
  • Revenue: $5.50 billion (FY2024)
  • Key Subsidiaries/Brands: AutoCAD, Revit, Fusion, Maya, 3ds Max, Inventor, BIM Collaborate Pro, Autodesk Build, BuildingConnected, and Flow Production Tracking

Leadership

  • CEO: Andrew Anagnost
  • Interim CFO: Elizabeth (Betsy) Rafael
  • Chief Strategy Officer: Deborah L. Clifford
  • Chief Operating Officer: Steven M. Blum
  • Chief Legal Officer & Corporate Secretary: Ruth Ann Keene
  • Chief People Officer: Rebecca Pearce

Elizabeth (Betsy) Rafael was appointed as Interim Chief Financial Officer effective May 31, 2024. Deborah L. Clifford was appointed as Chief Strategy Officer effective May 31, 2024.

Key Financial Metrics

  • Annual Revenue: $5.50 billion (FY2024)
  • Net Income: $906 million (FY2024)
  • Total Assets: Not explicitly stated, but total liabilities and stockholder's equity is $9.912 billion (as of January 31, 2024)
  • Employees: Approximately 14,100 (as of January 31, 2024)
  • Key Financial Highlights: Revenue increased by 10% year-over-year, with recurring revenue comprising 98% of net revenue.

Products and Services

Autodesk offers a range of products and services across various industries:

  • Architecture, Engineering, and Construction (AEC): Includes AutoCAD, AutoCAD Civil 3D, Revit, BIM Collaborate Pro, and Autodesk Build, designed for building, infrastructure, and industrial projects.
  • Manufacturing (MFG): Includes Fusion, Inventor, Vault, and the Product Design & Manufacturing Collection, providing solutions for digital design, engineering, manufacturing, and production.
  • Media and Entertainment (M&E): Includes Flow Production Tracking, Maya, 3ds Max, and the Media & Entertainment Collection, offering tools for digital sculpting, modeling, animation, effects, rendering, and compositing.

Key Business Segments

Autodesk's operations are not explicitly divided into reportable segments. However, the company categorizes its revenue by product family:

  • AEC: $2.58 billion (FY2024)
  • AutoCAD and AutoCAD LT: $1.46 billion (FY2024)
  • MFG: $1.06 billion (FY2024)
  • M&E: $295 million (FY2024)
  • Other: $97 million (FY2024)

Business Strategy

Autodesk's current strategic priorities include building a platform for Design and Make, accelerating adoption of Fusion, Forma, and Flow, and transforming customer experience. The company is focused on delivering data-driven and connected products and services. Key strategic initiatives include investments in AI, machine learning, and generative design. Autodesk is also modernizing its go-to-market motion by transitioning to annual billings for multi-year contracts and introducing new transaction models. The company is focused on building more durable and direct relationships with customers and updating its data infrastructure.

Industry Context

Autodesk operates in the highly competitive software industry, facing competition from large, global companies, smaller firms, and in-house solutions. Key competitors include Adobe Systems Incorporated, Bentley Systems, Inc., Dassault Systèmes S.A., Intergraph Corporation, MSC Software Corporation, Nemetschek AG, Oracle Corporation, Procore Technologies, Inc., PTC Inc., 3D Systems Corporation, Siemens PLM, and Trimble Navigation Limited. The industry is characterized by rapid technological changes and a shift towards cloud and mobile computing. Autodesk strives to maintain its competitive edge through investments in research and development and effective marketing and sales strategies.

Risk Factors

  • Strategic Risks: The company faces risks related to its strategy to develop and introduce new products and services, which may result in limited customer acceptance, product defects, and large expenditures.
  • Global Economic and Political Risks: Global economic and political conditions, including economic volatility and geopolitical activities, may impact the company's business and financial results.
  • Acquisition and Investment Risks: The company's business could be negatively impacted by the costs and challenges associated with strategic acquisitions and investments.
  • International Operations Risks: The company is dependent on international revenue and operations, exposing it to significant international regulatory, economic, intellectual property, collections, currency exchange rate, taxation, and political risks.
  • Financial Risks: The company's financial results, key metrics, and other operating metrics fluctuate, making future revenue and financial results difficult to predict.

Last Updated

2024-06-10

(Generated from latest 10-K filing)