Autodesk’s Subscription Shift Remains On Track; Announces PlanGrid Acquisition; Shares at a Premium
Autodesk reported a strong third-quarter result with subscription plan annualized recurring revenue, or ARR, surging on a year-over-year basis. The result illustrates the firm’s ongoing and successful transition to a subscription-based business model, which we believe will create better customer life time value for Autodesk. Subscription plan subscriptions rose 252,000 sequentially and now total 3.12 million. The growth in the subscriptions was bolstered by 71,000 maintenance subscribers convert...Autodesk is a design software and services company. The company is engaged in 3D design, engineering and entertainment software and services. The company's product offerings include: AutoCAD, which is a customizable and extensible CAD application for design, drafting, detailing, and visualization; AutoCAD Civil 3D, which provides surveying, design, analysis, and documentation solution for civil engineering; CAM Solutions, which is a computer-aided manufacturing software that provides solutions for computer numeric control machining, inspection, and modeling for manufacturing; and Inventor, which provides tools for 3D mechanical design, simulation, analysis, tooling, visualization, and documentation.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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