Autodesk delivered yet another outstanding second-quarter results with a subscription revenue growth of 21%. Its AutoCAD and AutoCAD LT revenues increased by an impressive 12% whereas its AEC revenue increased by 21%, and manufacturing revenue increased by 12%. However, there was a selloff in the stock after its earnings given the management’s decision to tweak its billing strategy for its large enterprise clients. Earlier, companies would pay Autodesk upfront for three-year subscriptions and ge ....
22 Sep 2021
Autodesk, Inc. - Investment Thesis, Key Drivers, Financial & Price Forecasts, DCF Valuation 9/21
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Autodesk, Inc. - Investment Thesis, Key Drivers, Financial & Price Forecasts, DCF Valuation 9/21
- Published:
22 Sep 2021 -
Author:
Ishan Majumdar -
Pages:
14
Autodesk delivered yet another outstanding second-quarter results with a subscription revenue growth of 21%. Its AutoCAD and AutoCAD LT revenues increased by an impressive 12% whereas its AEC revenue increased by 21%, and manufacturing revenue increased by 12%. However, there was a selloff in the stock after its earnings given the management’s decision to tweak its billing strategy for its large enterprise clients. Earlier, companies would pay Autodesk upfront for three-year subscriptions and ge ....