Total ARR for the fourth quarter increased 10 percent to $1.38 billion compared to the fourth quarter last year as reported, and 12 percent on a constant currency basis. New model ARR was $255 million and increased 68 percent compared to the fourth quarter last year as reported, and 74 percent on a constant currency basis. Maintenance ARR was $1.12 billion and increased 2 percent compared to the fourth quarter last year as reported, and 4 percent on a constant currency basis.

Revenue in the Americas was $257 million, an increase of 8 percent compared to the fourth quarter last year as reported and 9 percent on a constant currency basis. EMEA revenue was $238 million, a decrease of 13 percent compared to the fourth quarter last year as reported and 4 percent on a constant currency basis. Revenue in APAC was $153 million, a decrease of 1 percent compared to the fourth quarter last year as reported and an increase of 6 percent on a constant currency basis. Revenue from emerging economies was $94 million, a decrease of 12 percent compared to the fourth quarter last year as reported and 11 percent on a constant currency basis. Revenue from emerging economies represented 14 percent of total revenue in the fourth quarter.

Revenue from the Architecture, Engineering and Construction business segment was $254 million, an increase of 5 percent compared to the fourth quarter last year. Revenue from the Manufacturing business segment was $194 million, an increase of 2 percent compared to the fourth quarter last year. Revenue from the Platform Solutions and Emerging Business segment was $160 million, a decrease of 15 percent compared to the fourth quarter last year. Revenue from the Media and Entertainment business segment was $40 million, a decrease of 7 percent compared to the fourth quarter last year.

Revenue from Flagship products was $296 million, a decrease of 1 percent compared to the fourth quarter last year. Revenue from Suites was $232 million, a decrease of 7 percent compared to the fourth quarter last year. Revenue from New and Adjacent products was $120 million, an increase of 3 percent compared to the fourth quarter last year.

Financial Highlights for Fiscal 2016*

• Total subscriptions increased by approximately 345,000 to 2.58 million.
• New model subscriptions increased 94 percent and comprised 60 percent of the subscription additions.
• Total ARR increased 10 percent as reported and 12 percent on a constant currency basis.
• New model ARR increased 68 percent as reported and 74 percent on a constant currency basis.
• Total deferred revenue increased 31 percent to $1.52 billion.
• Total billings increased 5 percent as reported and 11 percent on a constant currency basis.
• Revenue was flat at $2.50 billion as reported and increased 4 percent on a constant currency basis.

*All numbers are compared to fiscal 2015.

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." Autodesk's business outlook for the first quarter and full year fiscal 2017 assumes, among other things, a continuation of the current economic environment and foreign exchange currency rate environment. A reconciliation between the GAAP and non-GAAP estimates is provided below or in the tables following this press release.

First Quarter Fiscal 2017