Stocks Analysis by MarketBeat.com (Leo Miller) covering: Autodesk Inc. Read MarketBeat.com (Leo Miller)'s latest article on Investing.com
Autodesk is a leading provider of software for designing physical products.) is a technology company that provides digital solutions to customers focused on solving physical problems. With Morgan Stanley recently naming this stock one of its “top picks," it feels pertinent to dive into what this company does and understand what aspects could make it a strong investment. I’ll explain the company’s products and strategy going forward and give my assessment of the stock right now.
Autodesk has several key components of its strategy going forward. One is that it intends to transition more to direct sales. This aims to give the company more customer data, provide more pricing control, and ultimately increase revenue. Additionally, the company has shown success in increasing its adjusted operating margin. Excluding foreign exchange and a shift to direct sales, the company has raised its operating margin by 300 basis points since fiscal 2023. It says it is a year ahead of schedule in achieving its adjusted operating margin of between 38% and 40%, excluding these effects.
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