Autodesk: Billing Changes Affect Free Cash Flow, But It's Likely Temporary
ADSKAutodesk(ADSK) Seeking Alpha·2024-01-09 17:16
Laurence Dutton Autodesk (NASDAQ:ADSK) is a leading player providing software and cloud subscriptions for the Architecture, Engineering, and Construction (AEC) end-market. Like some other software players, they initiated their transition from a licensing model to SaaS a few years ago. They have achieved double-digit revenue growth with decent operating profit growth. However, the current shift in billing from multi-year contracts to annual subscriptions is expected to result in lower upfront payments fr ...