Autodesk (NASDAQ: ADSK) reported Q1 EPS of ($0.10), $0.04 better than the analyst estimate of ($0.14). Revenue for the quarter came in at $512 million versus the consensus estimate of $513.03 million.

Total subscriptions were 2.71 million, a net increase of 132,000 from the fourth quarter of fiscal 2016. Under which, new model subscriptions (product (formerly titled Desktop), enterprise flexible license, and cloud subscription) were 567,000, a net increase of 140,000. The increase in new model subscriptions was led by product subscription. Maintenance subscriptions were 2.14 million, a net decrease of 8,000 from the fourth quarter of fiscal 2016.

GUIDANCE:

Autodesk sees Q2 2017 EPS of ($0.18)-($0.11), versus the consensus of ($0.07). Autodesk sees Q2 2017 revenue of $500-520 million, versus the consensus of $542.1 million.

Autodesk sees FY2017 EPS of ($0.95)-($0.70), versus the consensus of ($0.72). Autodesk sees FY2017 revenue of $1.95-2.05 billion, versus the consensus of $1.99 billion.

For earnings history and earnings-related data on Autodesk (ADSK) click here.