Autodesk, Inc.

Good day, ladies and gentlemen, and thank you for your patience. You've joined Autodesk first quarter fiscal 2020 earnings conference call. At this time, all participants are in a listen-only mode. Later we will conduct a question-and-answer session, and instructions will be given at that time. Should you require any additional assistance during the call, please press star, then zero on your touchtone telephone. As a reminder, this conference may be recorded. I would now like to turn the call over to your host. VP of Investor Relations, Abhay Lamba. Sir, you may begin.

Thanks, operator, and good afternoon. Thank you for joining our conference call to discuss the results of our first quarter of fiscal 20. On the line is Andrew Anagnost, our CEO, and Scott Herron, our CFO. Today's conference call is being broadcast live via webcast. In addition, a replay of the call will be available at autodesk.com slash investor. You can also find our earnings press release and a slide presentation on our website. We will also post a transcript of today's opening commentary on our website following this call. During the course of this conference call, we may make forward-looking statements. These statements reflect our best judgment based on factors currently known to us. Actual events or results could differ materially. Please refer to RICC filings for important risks and other factors that may cause our actual results to differ from those in our forward-looking statements. Forward-looking statements made during the call are being made as of today. If this call is replayed or reviewed after today, the information presented during the call may not contain current or accurate information. Autodesk disclaims any obligation to update or revise any forward-looking statements. During the call, we will quote a number of numeric or growth changes as we discuss our financial performance, and unless otherwise noted, each such reference represents a year-on-year comparison. And now I would like to turn the call over to Andrew. Thanks, Abhay.

We started off fiscal 20 with great momentum, accentuated by continued acceleration of recent construction acquisitions and strong growth across all geographic regions. Our billings and free cash flow came in at or above expectations and reflect the strength of our business. We are on track with the integration of plan grid and building connected and have exciting achievements to share with you. Although our first quarter revenue came at the low end of our guidance range, we are on track to achieve our fiscal 20 ARR and free cash flow guidance and are reaffirming our fiscal 23 targets. Our pipeline for the rest of the year is strong and growing, and the underlying demand strength we've seen in prior quarters continues to drive growth in our business. There is no change to our view of the strength of the business or the current spending environment in our end markets. Before I offer you more color on strategic highlights during the quarter, let me turn it over to Scott to give you more details on our first quarter results as well as our guidance. I'll then return with further insights into some of the key drivers of our business, including construction, manufacturing, and digital transformation, before we open it up to Q&A.