Autodesk announced its 4th quarter earnings on Thursday, February 28th. It certainly has been an exciting year to be an Autodesk shareholder with the stock up 35% over the past 12 months. It is also hard to believe the change Autodesk has gone through as the pricing model morphed to subscription-based over the last few years, driving the stock price up 200% since early 2016. Applied Software, the sister company of eVolve MEP, has been a proud Autodesk partner for over 35 years. It will be another interesting year as we head into 2019.
The past few months have been interesting to watch with the Building Connected acquisition closing on January 23rd and the PlanGrid deal closing in December. The analysts we read seem to be bullish on the continued growth in the construction market, and we are proud to be right in the middle of all of the action. We have seen tremendous interest in eVolve Electrical and eVolve Mechanical solutions as the trades continue to move toward and embrace prefabrication.
LinkedIn news articles, trade journals and economists all seem to point towards a robust construction market in 2019, and we want to know what you think will happen to your business. Are you seeing the same demand in early 2019 that you had in 2018? How does your pipeline of new projects look? Are you utilizing prefabrication on any of your new projects? Do you sense any change in mix on the projects you are bidding? We also want to know what you think of the new additions to the Autodesk portfolio and how you are utilizing them to keep you competitive in 2019. We look forward to helping clients have a great 2019. Let us know how we can serve you with our suite of Autodesk products, training and implementation services.