Autodesk

Autodesk announced a strategy linking AI, platform integration (Forma, Fusion, Revit, AutoCAD) and an expansion from pure design to Design, Make and Operate. Management emphasized usage revenue (16–17% of revenue) as a growth driver, an "agent-first" assistance model, and numerous small neural CAD models to boost productivity. The company is targeting a non‑GAAP operating margin of 41% by fiscal 2029, plans to return about 50% of free cash flow to shareholders, and is expanding into operations with the acquisition of MaintainX. The sales reorganization places greater focus on new business and expansion; demand is stable in industrial, infrastructure and data center sectors, while commercial real estate remains weaker. » Plus sur de.investing.com

At Citi’s Global TMT Conference, Autodesk unveiled a lifecycle platform designed to link design, construction and operations over decades, positioning Tandem with MaintainX as core products. Management estimates the addressable operations market at roughly $40 billion and sees a 50–70 year revenue opportunity compared with 3–5 years in the construction cycle. Artificial intelligence is intended to structure data, enable predictive maintenance and support autonomous actions; initial major customers and integrations (e.g., IBM Maximo, SAP) have already been named. The company highlights growth potential and cross-selling opportunities, but also warns of execution risks in expanding into the market. » Plus sur de.investing.com

Berenberg kept a Buy on Autodesk and modestly trimmed its price target after the company reported Q2 revenue up 16% to $2.05bn, billings up 10% and non-GAAP operating margin rising to 41%. Free cash flow grew 24% to $561m and RPO increased 12% to $5.25bn, highlighting strong recurring subscription visibility. Analysts note growing competitive pressure from AI-native and cloud-native design tools and slower billing growth could temper future bookings despite solid fundamentals. » Plus sur finance.yahoo.com