Conventional Metrics says second quarter results point to a third straight year of losses. New Metrics says things are great. New Autodesk CEO Andrew Anagnost reported his company’s financial results for the second quarter of fiscal 2018 last week. There are two ways to tell this story; with Conventional Metrics (which we use) or New Metrics (which Anagnost used). Conventional … [Read more...] about Autodesk revenue continues to be a good news/bad news story
The warnings about lower revenue during business model transition are still true. AutoCAD business is in the cellar. By Randall S. Newton Autodesk (NASDAQ: ADSK) continues to see revenue declines as it moves through its transition from selling software licenses to selling software subscriptions. Revenue in the third quarter of Fiscal 2017 (ended October 31, 2016) was $490 … [Read more...] about Autodesk revenue down 18% in third quarter
The answer may be about next year's earnings per share. Autodesk has announced a new program to repurchase up to 30 million shares of its common stock. This new repurchase program is in addition to the approximately 1.5 million shares that remain to be repurchased from previously announced share repurchase programs. As a public company, Autodesk is required by law to … [Read more...] about Autodesk to launch new stock repurchase plan; why?
Sees increase in subscriptions and uptake in suites. Autodesk reported revenue of $551 million for the quarter ending in July ’16 (second quarter of fiscal 2017), which represents 10% decline year over year. New model subscription revenue increased 82% year over year to $371 million. Net loss was $98.2 million, which is an improvement year over year; the company reported a … [Read more...] about Autodesk reports “terrific” second quarter
Transition to subscriptions is going well, but the short-term revenue hit remains strong. Autodesk (ADSK: NASDAQ) has reported first quarter results for fiscal 2017 that are in line with its long-term forecast for moving revenue from product purchases to subscriptions. During this transition, quarterly revenue is impacted because more revenue is recognized over the course … [Read more...] about Autodesk Q1 revenue down, as expected