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In The News

Autodesk shifts its budget Focus

Autodesk Inc., the biggest spender on research and development among companies of a similar size, plans to shift more of its budget toward technology that helps distribute its design software via the Internet. During its last fiscal year, Autodesk spent 25.4 percent of net sales on research and development, the largest percentage among U.S. software or Internet companies that have a market value above $5 billion and an annual R&D budget of at least $300 million, according to Bloomberg data.

The largest seller of engineering and design software, Autodesk aims to deliver more of its products over the Web, ramping up use of so-called cloud computing. The spending plan marks a change in strategy for Autodesk, whose software is used to design everything from bridges to special effects in the 3-D blockbuster “Avatar.”  The company expects that all of their major products will be available in the cloud within the next three years.  

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