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Autodesk launches cloud solution for AECO industry

Published Feb 08, 2024 01:58
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SAN FRANCISCO - Autodesk, Inc. (NASDAQ: NASDAQ:ADSK) announced today the launch of Autodesk Informed Design, a new cloud-based tool aimed at connecting design and manufacturing workflows to improve the building design and construction process. This solution is designed to aid architects and manufacturers in the architecture, engineering, construction, and operations (AECO) industry by providing customizable, pre-defined building products that ensure valid results.

Informed Design is intended to address the challenges faced by the AECO industry, such as the need to build nearly 100,000 new affordable homes daily to meet the housing demands of an estimated 3 billion people by 2030. The industry is also under pressure to reduce its environmental impact, as it is currently responsible for almost 40% of global CO2 emissions.

Ryan McMahon, director and general manager of Informed Design at Autodesk, stated, "The way the AECO industry works today is not sustainable or scalable. Informed Design brings industrialized construction workflows to reality, empowering architects and product managers to collaborate more effectively."

The new solution is part of Autodesk's Design and Make Platform, which includes other cloud-connected software solutions that unify teams, data, and workflows. It is available globally as a free add-in for Autodesk's industry solutions: Revit 2024 and Inventor 2024.

Green Canopy NODE, a construction technology company, has been utilizing early access versions of Informed Design and has reported improved design and engineering processes. Benjamin Hall, senior product manager at Green Canopy NODE, praised the solution for its ability to integrate customization and quality engineering into mass production.

Jeffrey Hojlo, Research Vice President at International Data Corporation (IDC), also commented on the benefits of Informed Design, highlighting the ease of optimizing supplier performance and delivering quality products and services.

This announcement is based on a press release statement from Autodesk, Inc.

InvestingPro Insights

In the wake of Autodesk's latest product launch, Informed Design, the company's financial health and market performance remain areas of investor interest. Autodesk (NASDAQ: ADSK) stands out with a gross profit margin of 91.45% over the last twelve months as of Q3 2024, reflecting the company's ability to maintain profitability amidst its innovative endeavors. This impressive margin underlines Autodesk's efficiency in translating sales into gross profit, a positive sign for stakeholders betting on the company's growth strategies.

Nevertheless, an InvestingPro Tip points out that Autodesk is trading at a high Price / Book multiple of 36.66 as of Q3 2024, which may suggest the stock is priced optimistically compared to its book value. Additionally, the company's P/E Ratio stands at 59.66, indicating a premium valuation that investors are willing to pay for Autodesk's earnings. This high earnings multiple could be a reflection of market confidence in Autodesk's future growth, aligning with the company's forward-looking initiatives like the Informed Design tool.

For investors seeking a deeper dive into Autodesk's financials and market performance, there are 15 additional InvestingPro Tips available. These tips provide a comprehensive analysis that could help in making informed investment decisions. To access these tips, visit InvestingPro's Autodesk page. For those interested in a subscription, use coupon code SFY24 to get an additional 10% off a 2-year InvestingPro+ subscription, or SFY241 to get an additional 10% off a 1-year InvestingPro+ subscription.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Autodesk launches cloud solution for AECO industry

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