The software firm targets a $40 billion total addressable market with its planned acquisition of operations platform MaintainX.
Autodesk raised its fiscal 2027 revenue outlook to a range of $8.155 billion to $8.215 billion, citing strong first-quarter performance. The update accompanies a definitive agreement to acquire MaintainX, a move aimed at expanding its footprint in operations management.
The company previously did not disclose a specific revenue target for FY 2027. Management highlighted the acquisition as a strategic step to tap into a $40 billion total addressable market and accelerate the shift from static to dynamic digital twins.
No immediate market reaction was detailed in the release.