Autodesk Q1 FY1/25 Earnings Review

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If (Recession =0), Then (ADSK =Up). Probably.

by Alex King, CEO, Cestrian Capital Research, Inc.

In my mind, even if not in anyone else's, the Autodesk revenue growth rate isn't a bad indicator of the health of the US economy. At its most basic level, if companies are committing to capex projects, be they buildings or new electronic systems designs, then producer confidence is high, and if producer confidence is high, probably the economy is OK. You're welcome.

For a boring old software v1.0 company, Autodesk has more than its fair share of drama. In recent years we've seen revenue model shifts, activist shareholder involvement, late SEC filings, all that. It's almost as if the management team are so bored by going to work to do exactly the same thing all day for the last 30 years that they have to think up things to do to liven up the day. In any event this has thus far provided some buyable dips.

The quarter just printed was good, solid, fine. Not exciting. Fine. Just like the company itself. But since not everything can be Nvidia, sometimes boring is good and has a place in one's portfolio.

Here's the headline numbers just printed.

Below - available to paying subscribers of all tiers here - we review the fundamentals, the valuation, the stock chart, our rating and price target. Read on folks.