Autodesk Shares Hit 52-Week High After Strong Q2 FY 2019 Report
Company also reports subscription success as the design software maker continues transition to the subscription model.
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.
Subscription Insider now embargoes NEWS and FEATURE articles 14 days after they are published.
All registered site users can enjoy access to our full archive of news and feature content by logging in.
Remember — Subscription Insider membership includes access to all embargoed content.
Subscription Insider has upgraded to a new technology platform and our login process has changed:
FOR FREE EMBARGOED ACCESS:
- Newsletter Subscribers (Free): Please log in using the email you used to signup for our Newsletter. The first time you log in, you will need to reset your password.
- Registered Site Users: Please use the email and password you used when you registered for free site access for Subscription Insider.