Today in 3 minutes or less:

1. Autodesk, Inc. Reports Strong Fiscal 2025 Q1 Results with 12% Revenue Growth ($ADSK)

2. Cognizant to Acquire Belcan for $1.3 Billion to Enhance ER&D and A&D Leadership ($CTSH)

3. ESG News of the Day: Microsoft Releases 2024 Environmental Sustainability Report, Showcasing Significant Progress and Ongoing Challenges ($MSFT)

4. Interview of the day: Crowdstrike CEO at RSA on 'Secure by Design' pledge and 'platformization' ($CRWD)

1. Autodesk, Inc. Reports Strong Fiscal 2025 Q1 Results with 12% Revenue Growth YoY ($ADSK)

• Revenue Growth: First quarter revenue increased by 12% to $1.42 billion (YoY).

• Operating Margins: GAAP operating margin rose to 21%, and non-GAAP operating margin to 35%.

• Earnings Per Share (EPS): GAAP diluted EPS was $1.16, while non-GAAP diluted EPS was $1.87.

• Cash Flow: Cash flow from operating activities was $494 million, with free cash flow at $487 million.

• Q2 Fiscal 2025 Expectations:

  • Net Revenue (in millions): $1,475 - $1,490

  • Diluted EPS: $1.12 - $1.18

Furthermore, Autodesk introduced a new transaction model, establishing a direct relationship between the company and its customers.

Source: Autodesk, Inc , Autodesk, Inc

2. Cognizant to Acquire Belcan for $1.3 Billion to Enhance ER&D and A&D Leadership ($CTSH)

• Expanding Market Access: The acquisition gives Cognizant entry to the $190 billion ER&D services market, growing at a 10% CAGR through 2026.

• Revenue and EPS Growth: Expected to generate over $100 million in annual revenue synergies within three years, contributing to EPS growth by 2026.

• Enhanced Workforce: Integrating Belcan’s 6,500 engineers and consultants with Cognizant's global delivery network.

• Strategic Sector Diversification: Increases presence in the aerospace, defense, space, and marine sectors, serving blue-chip clients.

Source: Cognizant 

3. ESG News of the Day: Microsoft Releases 2024 Environmental Sustainability Report, Showcasing Significant Progress and Ongoing Challenges ($MSFT)

• Carbon Commitments and Challenges: Scope 1 and 2 emissions decreased by 6.3%, but Scope 3 emissions rose by 30.9%.

• Water Positive Initiatives: Achieved clean water access for 1.5 million people; 25 million m³ water replenishment projects underway.

• Zero Waste Goals: Achieved an 89.4% reuse and recycle rate for cloud hardware; diverted 18,537 metric tons of waste.

• Ecosystem Protection: Exceeded land protection target by 40%, with 15,849 acres permanently protected.

Source: Microsoft Corporation

4. Interview of the day: Crowdstrike CEO at RSA on 'Secure by Design' pledge and 'platformization' ($CRWD)

Short updates on your favorite stocks & markets

• Paramount Global owner calls off merger talks with Skydance Media. YF

• Apple Vision Pro to sell in China, Japan and Singapore by end of this month in first debut outside the U.S. CNBC

• GameStop raises over $2bn after Roaring Kitty rally. BBC

• Rentokil shares jump as activist investor Peltz takes stake. FT

• Elon Musk drops suit against OpenAI and Sam Altman. CNBC

• Umicore Slashes Guidance After Slower EV Demand Hits Battery-Materials Business. WSJ

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