Autodesk (ADSK) reported its first-quarter results after the closing bell. The quarterly results topped analyst estimates both on revenue and earnings front.

The company’s revenue increased 15% to $560 million and adjusted earnings came in at $0.06 per share compared to $0.16 loss in the prior-year period, driven mainly by strong recurring revenues. However, stock price is down nearly 5% in the extended hours of trading.