SAN RAFAEL, CA – Computer-aided design software firm Autodesk reported fiscal first quarter revenue of $486 million, down 5% year-over-year.
“Broad-based strength across all subscription types and geographies led to another record quarter for total subscription additions and a fantastic start of the new fiscal year,” said Amar Hanspal, Autodesk co-CEO and chief product officer. "Customers continue to embrace the subscription model, and we're expanding our market opportunity with continued momentum of our cloud-based offerings, such as BIM 360 and Fusion 360."
Last summer, Autodesk acquired the Eagle PCB software line from Cadsoft.
For its fiscal second quarter ending July 31, Autodesk expects sales of $494 million. The company is now transitioning from licensed software to cloud computing services.