MSFT - What Makes Autodesk A Strong Buy
Autodesk (ADSK) had an amazing Q4 2018 earnings report that flew under the radar here at Seeking Alpha. It’s a shame because ADSK is emerging as a potent Software-as-a-Service company. The company transitioned to full subscription-only software licensing last January 2017. Its quarterly annual recurring revenue ((ARR)) in Q1 2017 was only around $1.4 billion. ADSK is a compelling buy right now because the subscription business model helped it deliver $2.72 billion in Q4 2019 ARR.
Subscription plan ARR for Q4 FY 2019 was $2.2 billion (+87% Y/Y). The growing ARR