diff --git a/configure.in b/configure.in
index 7042d4241..9adcef63f 100644
--- a/configure.in
+++ b/configure.in
@@ -5,7 +5,7 @@ AC_PREREQ(2.54)
 # An even micro number indicates a released version.
 m4_define(cairo_version_major, 1)
 m4_define(cairo_version_minor, 2)
-m4_define(cairo_version_micro, 2)
+m4_define(cairo_version_micro, 3)
 
 AC_INIT([cairo],
       cairo_version_major.cairo_version_minor.cairo_version_micro,