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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