Autodesk's first quarter fiscal 2027 revenue grew 18% beating estimates, while billings missed expectations.

Autodesk reported first quarter fiscal 2027 revenue of $1.93 billion, up 18% year-over-year, with non-GAAP EPS of $2.99. Both figures surpassed analyst expectations, and the company raised its full-year guidance.

Key Highlights

• Revenue growth was broad-based, led by a 20% increase in the Architecture, Engineering, Construction, and Operations (AECO) segment to $970 million.
• Current Remaining Performance Obligations (RPO), a key indicator of future revenue, grew 18% year-over-year to $5.38 billion, aligning with revenue growth.
• Free cash flow increased 58% from the prior year to $876 million, reflecting strong operational performance and collections.