Autodesk, Inc. ($ADSK) Earnings (Q2 FY23)

 Autodesk, Inc. ($ADSK) Earnings and Opinion:


Autodesk is a company in the Technology sector and operates in the Software-Application industry. The company provides 3D design, engineering, and entertainment software and services worldwide. Autodesk was incorporated in 1982 and is currently headquartered in San Rafael, California. The company made its debut on the stock market in 1985.

Autodesk Earnings Results:

  • Revenues of $1.24B beating expectations of $1.22B
  • Operating Income of $444M beating expectations of $434M
  • Adjusted EPS of $1.65 beating expectations of $1.57
  • Free Cash Flow of $246M beating expectations of $155M
  • Billings and Deferred Revenue both missed expectations
  • Guidance beat estimates on everything except FY23 Revenues and Billings
Opinion:
Autodesk is currently soaring higher, after reporting strong earnings after the market closed this afternoon. The top line metrics were strong and the margins beat expectations. The guidance for revenue and billings were very slim misses, in fact less than a 0.1%. This earnings shows a lot of optimism for a company that has thrived during the technology boom. Autodesk is a pretty old company, compared to all of the newer tech companies. They have been very innovative and are able to keep up with all of the changing pace in the technology sector. For valuation, the P/E ratio is at 85.90, which is high compared to averages. The P/S ratio is at 9.08 is also high compared to averages. The ROE stands out at over 50%, which is a good metric. Growth has steadied out, but current ratio is below 1, which is a huge warning sign. The debt also outweighs the cash. In my opinion, invest at your own risk. This company has some potential if they're able to stay innovative. The current ratio turns me away from this one, but it doesn't mean it's a bad company. I just think some of the other tech companies have a better opportunity for better upside than Autodesk.


*Information from Yahoo Finance, CMLVIZ, Consensus Gurus, Motley Fool

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