diff --git a/configure.in b/configure.in
index b3383a560..25968767d 100644
--- a/configure.in
+++ b/configure.in
@@ -6,8 +6,8 @@ dnl			  even => stable series
 dnl For the micro number: odd => in-progress development (from git)
 dnl			  even => tar-file snapshot or release
 m4_define(cairo_version_major, 1)
-m4_define(cairo_version_minor, 6)
-m4_define(cairo_version_micro, 5)
+m4_define(cairo_version_minor, 7)
+m4_define(cairo_version_micro, 1)
 
 AC_INIT([cairo],
       cairo_version_major.cairo_version_minor.cairo_version_micro,
@@ -26,16 +26,16 @@ dnl ===========================================================================
 # libtool shared library version
 
 # Increment if the interface has additions, changes, removals.
-LT_CURRENT=19
+LT_CURRENT=20
 
 # Increment any time the source changes; set to
 # 0 if you increment CURRENT
-LT_REVISION=5
+LT_REVISION=0
 
 # Increment if any interfaces have been added; set to 0
 # if any interfaces have been removed. removal has
 # precedence over adding, so set to 0 if both happened.
-LT_AGE=17
+LT_AGE=18
 
 dnl ===========================================================================