Wells Fargo analyst Philip Winslow noted that Autodesk CEO Andrew Anagnost opened the company's investor day by issuing updated guidance on annualized recurring revenue, subscriptions, and average revenue per subscription. He said the company has decreased subscriber growth guidance to an 18% CAGR from a 20% CAGR but also increased its ARPS growth guidance to a 6% CAGR from a 3% CAGR for 2016-2020. In addition to reframing the drivers of ARR growth, they have also highlighted their pricing power during the event, said Winslow, who continues to expect Autodesk to raise the price of existing maintenance subscriptions to approach that of desktop subscriptions. He views management's ARPS guidance as "extremely conservative" and he maintains an Outperform rating and $200 price target on Autodesk shares.

Autodesk announced an interoperability agreement with the Nemetschek Group to improve open collaboration and efficiencies for the architecture, engineering, construction and operations, or AECO, and media and entertainment industries. The agreement will enhance existing interoperability between the two companies' industry cloud and desktop products and improve the fluent exchange of information across solutions. Whether constructing buildings or highways or producing media assets, working with cloud-connected tools powers automation and unlocks valuable insights for better decisions at every stage of a project. But too often, people, processes, and data are siloed due to software and file incompatibility, resulting in inefficient workflows. Under the terms of the agreement, Autodesk and the Nemetschek Group will provide mutual access to their APIs and industry clouds, thereby giving developer access to Autodesk solutions including AutoCAD, Revit, 3ds Max and Maya, as well as Autodesk Forma and Autodesk Construction Cloud, similarly to Nemetschek solutions including Allplan, Archicad, Bluebeam, Maxon One, Vectorworks as well as Nemetschek's relevant cloud platforms. This will enable the two companies to improve upon existing data exchanges and open new data-centric workflows that span disciplines and industries.