“$5 Billion Feels Like Overkill”

Motley Fool Hidden Gems Investing

The Motley Fool

Business, Investing

4.3 • 3.1K Ratings

🗓️ 23 November 2022

⏱️ 26 minutes

🔗️ Recording | iTunes | RSS

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Summary

Nordstrom is facing a problem with its customers, while Autodesk faces a problem it created. (0:21) Asit Sharma and Tim Beyers discuss: - Questions about Autodesk’s capital allocation strategy. - Nordstrom's plans for a tough retail environment. - Favorite Thanksgiving traditions! (12:44) Tim White joins Tim Beyers for an audio version of “This Week in Tech.” They discuss the fundamentals of software platforms, and how they could change over the next five years. Stocks mentioned: ADSK, JWN, CRM, TWLO, MDB, AMZN Host: Asit Sharma Guests: Tim Beyers, Tim White Producer: Ricky Mulvey Engineers: Dan Boyd, Rick Engdahl Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	AutoDisk faces a problem on Wall Street and Nordstrom faces a problem with its shoppers.
0:10.6	You're listening to Motlin Fool Money.
0:14.8	I'm Asit Sharma and joining me from Colorado, Senior Analyst and Advisor and my good friend,
0:27.4	Tim Byers.
0:28.4	Tim, how are you?
0:29.4	I'm well, sir, fully caffeinated, ready to go.
0:32.2	Good to see you, Asit.
0:33.6	So AutoDisk earnings.
0:35.9	Stock is down about 6% as we're taping here around noon on the 23rd of November.
0:43.2	Looks like to me, AutoDisk had a pretty decent quarter.
0:47.2	Revenue was up.
0:48.2	Billings were up.
0:49.7	Double digits.
0:50.7	But the market didn't like something that management had to say about the revenue composition
0:58.1	going forward.
0:59.1	So, what exactly didn't the market like Tim and what do you make of it?
1:03.4	Well, they expect full year billing.
1:05.3	Billings is kind of, you just alluded to it, is what you might expect in revenue to
1:12.0	come.
1:13.0	These are, these are billings that are to be expected.
1:15.8	So the, the guidance is for between 5.57 billion and 5.67 billion.
1:21.2	And that's down from their own guidance of 5.71 billion to 5.81 billion.
	...

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