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.
- 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.
- 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.
- 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.
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