diff --git a/CMakeLists.txt b/CMakeLists.txt
index 5de39a866..898d4b9e6 100644
--- a/CMakeLists.txt
+++ b/CMakeLists.txt
@@ -28,7 +28,7 @@ if("${CMAKE_SOURCE_DIR}" STREQUAL "${CMAKE_BINARY_DIR}")
      You must delete them, or cmake will refuse to work.")
 endif()
 
-project(wolfssl VERSION 4.7.0 LANGUAGES C)
+project(wolfssl VERSION 4.7.1 LANGUAGES C)
 
 # shared library versioning
 # increment if interfaces have been added, removed or changed
diff --git a/configure.ac b/configure.ac
index dd8a6ac74..542c006a7 100644
--- a/configure.ac
+++ b/configure.ac
@@ -7,7 +7,7 @@
 #
 AC_COPYRIGHT([Copyright (C) 2006-2020 wolfSSL Inc.])
 AC_PREREQ([2.63])
-AC_INIT([wolfssl],[4.7.0],[https://github.com/wolfssl/wolfssl/issues],[wolfssl],[https://www.wolfssl.com])
+AC_INIT([wolfssl],[4.7.1],[https://github.com/wolfssl/wolfssl/issues],[wolfssl],[https://www.wolfssl.com])
 AC_CONFIG_AUX_DIR([build-aux])
 
 # The following sets CFLAGS to empty if unset on command line.  We do not
@@ -55,7 +55,7 @@ LT_PREREQ([2.2])
 LT_INIT([disable-static win32-dll])
 
 #shared library versioning
-WOLFSSL_LIBRARY_VERSION=28:0:4
+WOLFSSL_LIBRARY_VERSION=28:1:4
 #                        | | |
 #                 +------+ | +---+
 #                 |        |     |
diff --git a/wolfssl.rc b/wolfssl.rc
index cd9a6fa84..6ddc1103c 100644
Binary files a/wolfssl.rc and b/wolfssl.rc differ
diff --git a/wolfssl/version.h b/wolfssl/version.h
index 3f7d97692..0bc820cbf 100644
--- a/wolfssl/version.h
+++ b/wolfssl/version.h
@@ -28,8 +28,8 @@
 extern "C" {
 #endif
 
-#define LIBWOLFSSL_VERSION_STRING "4.7.0"
-#define LIBWOLFSSL_VERSION_HEX 0x04007000
+#define LIBWOLFSSL_VERSION_STRING "4.7.1"
+#define LIBWOLFSSL_VERSION_HEX 0x04007001
 
 #ifdef __cplusplus
 }