-
Posted by
Two Blokes May 17 -
Filed in
Stock
-
4 views
I reiterate my 'Buy' rating for Autodesk due to its robust profitability, high margins, and effective capital allocation through acquisitions and share buybacks. Autodesk's financial performance is strong, with $6.1 billion in revenue, 92% gross margins, and significant operating leverage leading to a $1.1 billion net profit. Despite a slight underperformance compared to the S&P 500, Autodesk's valuation remains fair relative to peers like Procore, given its superior profitability and steady growth.
