ADSK | Market Cap: $44.8B (07/13/26)
Industry:
Software

DESCRIPTION

Autodesk makes professional software for design, engineering, construction, and manufacturing. Its core products are AutoCAD (2D/3D drafting used broadly across industries), Revit (Building Information Modeling for architects and engineers), Civil 3D (civil and infrastructure engineering), Inventor and Fusion (product and mechanical design for manufacturers), and Autodesk Construction Cloud (cloud-based construction project management covering documents, submittals, quality, safety, and cost). Autodesk organizes its business into four product families: AECO (its largest, covering architecture, engineering, and construction), Manufacturing, standalone AutoCAD, and Media & Entertainment (Maya, 3ds Max). Nearly all revenue is subscription-based — term licenses recognized ratably, standalone cloud subscriptions, and Enterprise Business Agreements where large customers pay for broad access to a product pool. Revenue growth is driven by renewal rates, seat expansion and upsell within the existing customer base, and new logo growth, particularly in construction and manufacturing. Autodesk sells through direct channels, its online store, and roughly 1,170 resellers, though it is actively transitioning channel partners from resellers to agents, giving Autodesk more direct customer relationships and pricing control. Autodesk's strategy centers on connecting design and construction workflows on a unified cloud platform, expanding into facility operations, and building AI-powered features that management expects to monetize through consumption-based pricing over time.

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