Autodesk (NASDAQ: ADSK) is one of the world's largest software companies. The conglomerate , which targets the architecture, engineering, and construction (AEC) industries, has a lot of growth ambition and continues to acquire start-ups at a steady pace. On Thursday, May 27, Autodesk will release its first-quarter report. Here's what investors should watch out for when looking at those results.
Revit and AutoCAD are Autodesk's legacy, low-growth products that target the design industry, specifically architects. The two business lines continue to be steady cash cows for the company and likely will continue to be in Q1. Last fiscal year, which ended in January of 2021, Autodesk generated $1.42 billion in free cash flow , which was around the same as the year prior, since it relaxed some payment schedules due to the COVID-19 pandemic.
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Looking Ahead: What to Watch for When Autodesk Reports Earnings This Week