August 27, 2018

Autodesk Shares Hit 52-Week High After Strong Q2 FY 2019 Report

Autodesk (NASDAQ: ADSK) shares hit a 52-week high as the company reports huge success with its subscription program in the second quarter of fiscal year 2019. Among the company’s highlights is subscription plan annualized recurring revenue of $1.68 billion, a 115 percent increase year-over-year. Total annualized recurring revenue was $2.35 billion, a 28 percent increase year-over-year. Deferred revenue was $1.80 billion representing a 1 percent increase year-over-year.

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Netflix Explained: A Company in Possession of Good Fortune

With quarterly revenue nearing $4 billion and 130 million worldwide streaming subscribers and growing, Netflix nonetheless continues to attract criticism – and its volatile stock price reflects that. However, the story behind the data reveals that Netflixs fundamentals are sound, and that the video-on-demand company with a track record of flexibility is headed in the right direction.

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