Is Autodesk, Inc. (adsk) Ready To Fly?

It looks as though the business will benefit from subscription income going forward.



24 August 2018

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Regular subscriptions are the key to excellent cashflow:-

"Overall, 290,000 new subscribers joined Autodesk's plans over the past three months, representing a gain of more than 10%, and the company specifically said that its initiative to get its existing maintenance subscribers to switch to the product subscription plan succeeded in getting more than 117,000 customers to switch."

 

I am watching this one closely - hope to see a pull back from an over bought position and then it will be time to start loading up. Subscription income is the Holy Grail of business - makes planning ahead so much easier and reduces lumpy cashflow.

 

Looks like the profit taking is starting to kick in after the sudden jump over the last few days. No need to panic if you hold the shares, looks like a classic partial retracement after which the shares will consolidate and make a new push to new highs.