Total recurring revenue in the first quarter was 95 percent of total revenue compared to 90 percent of total revenue in the first quarter last year.

Revenue in the Americas was $234 million, an increase of 11 percent compared to the first quarter last year. Revenue in EMEA was $221 million, an increase of 16 percent compared to the first quarter last year as reported, and on a constant currency basis. Revenue in APAC was $106 million, an increase of 23 percent compared to the first quarter last year as reported, and 22 percent on a constant currency basis.

Under ASC 605

• Subscription plan ARR was $1.43 billion, an increase of 106 percent compared to the first quarter last year.
• Maintenance plan ARR was $746 million, a decrease of 29 percent compared to the first quarter last year.
• Total ARR was $2.17 billion, an increase of 25 percent compared to the first quarter last year.
• Billings were $561 million, an increase of 12 percent compared to the first quarter last year.
• Total revenue was $574 million, an increase of 18 percent compared to the first quarter last year as reported, and on a constant currency basis.
• Revenue in the Americas was $238 million, an increase of 13 percent compared to the first quarter last year.
• Revenue in EMEA was $229 million, an increase of 21 percent compared to the first quarter last year, and 20 percent a constant currency basis.
• Revenue in APAC was $107 million, an increase of 25 percent compared to the first quarter last year, and 24 percent on a constant currency basis.

Business Outlook

The following are forward-looking statements based on current expectations and assumptions, and involve risks and uncertainties some of which are set forth below under "Safe Harbor Statement."  Autodesk's business outlook for the second quarter and full year fiscal 2019 assumes, among other things, a continuation of the current economic environment and foreign exchange currency rate environment.  A reconciliation between the fiscal 2019 GAAP and non-GAAP estimates is provided below or in the tables following this press release.

Starting the first quarter of fiscal 2019, Autodesk reports its results under two new accounting standards.  Revenue is now reported under Accounting Standard Codification ("ASC") 606 and sales commissions are now reported under ASC 340-40. We did not recast historical information as we elected to use the modified retrospective transition method. These new standards did not result in a change in timing or amount of revenue recognized for the majority of our maintenance and subscription offerings.  However, we are required to capitalize and amortize sales commissions under the new standards. ASC 606 and ASC 340-40 do not affect cash flows or subscriptions.