Dallas, Texas 01/01/2014 (FINANCIALSTRENDS) – Autodesk, Inc. (NASDAQ:ADSK) steadily moves forward, despite insider sales and CEO off-loading shares, for no strategic purpose. An October acquisition has led to a much needed second-wind for the company in the post-insider selling phase. Autodesk has now bought rights to Advance Steel and Advance Concrete form Graitec. The deal is expected to be effective in 2014 and brings higher value to Autodesk services.
Autodesk, Inc. (NASDAQ:ADSK) already offers a string of high-quality software for users from diverse streams from creative film industry to civil and buildings industry. The new line of products will now allow Autodesk to build tools for users such as structural engineer’s fabricators as well as contractors and fabricators. This will now allow Autodesk to enter the Building Information Modelling sector, a highly specialized and competitive sector.
Moreover, Autodesk, Inc. (NASDAQ:ADSK) has been successful in moving to a more profitable revenue-earning process. The company has silently but efficiently moved from physical update delivery to subscription based, online delivery. Additionally, the company now offers cost-effective subscription plans based on the usage patterns and more. Already, this software giant is one of the low-cost producers – typically priced at $4,00 0 as against massive $10,000 of some of the big name competitors which include Adobe Systems and Parametric Technology.
Autodesk, Inc. (NASDAQ:ADSK) has since beefed its AutoCad software. Users have now moved to monthly subscriptions and now represent 22% of the company’s user base. The current user base is roughly 1.9 million subscribers and Autodesk executives expect this to grow by nearly 50 per cent in the next four years.
Autodesk, Inc. (NASDAQ:ADSK) has in the recent quarters lost much consumer ground in the Middle East African as well as the European regions. Autodesk products are used widely in the construction and entertainment industry and the recent fall in global users has been offset by two per cent growth in the American market revenue by 2 per cent.