Investors shouldn’t overlook this software company

Today’s video focuses on Autodesk (ADSK -2.67% ), breaking news concerning the company and the earnings report released on November 23rd. Here are some highlights from the video.

  1. Autodesk posted revenue of $ 1.13 billion, up 18% year over year and free cash flow of $ 257 million. Autodesk saw double-digit growth in all product solutions and in all geographic regions in which it operates.
  2. Autodesk makes most of its money with annual subscriptions. Still, the high price of the annual service discourages potential customers who do not need to use Autodesk solutions on a daily basis. In September Autodesk announced a new consumption model that opens the door to new customers.
  3. Management mentioned that supply chain issues are a significant headwind for Autodesk. Supply chain issues cause delays in construction materials, enforce delays in construction projects and the signing of new projects, and reduce the short-term need for Autodesk solutions.

Click the video below for my full thoughts and analysis.

* The share prices used were the midday prices from 11/29/2021. The video was published on November 29, 2021.

This article represents the opinion of the author who may disagree with the “official” referral position of a premium advisory service from the Motley Fool. We are colorful! Questioning an investment thesis – including one of our own – helps us all think critically about investing and make decisions that will help us get smarter, happier, and richer.


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