Description

Autodesk’s MaintainX Bet — AI Maintenance Meets Design And Make Convergence!

Autodesk reported robust fiscal first quarter results for 2027, surpassing the high end of its guidance range for both revenue and earnings per share. The company’s reported revenue grew 18% year-over-year (16% in constant currency), while billings increased by 18% (15% in constant currency). A notable contributor to this growth was a 3.5 percentage point tailwind from a new transaction model, though this effect is expected to diminish through the year. Renewal rates remained strong, offsetting anticipated disruptions from a sales reorganization which targeted optimizing the go-to-market strategy by shifting partner focus from renewals to new business generation. The company acknowledged some short-term softness in new subscription growth due to this transition but expects gradual normalization over subsequent quarters.