Investor's Daily Digest reports on the current release of AutoCAD and the company's finances.
"The latest version, AutoCad 2005, includes lots of new 3-D features."
... except that it doesn't.
"We believe in the next 10 years that our entire user base will move from 2-D to 3-D."
... another decade to complete the transition! Except that I don't think that will ever happen.
[3D] "makes the customer much more productive, so we can charge more per user-seat," said cfo Al Castino.
... so don't expect to be paying less for software from Autodesk.
"... the change [to subscriptions and annual releases] ... generates 30% more revenue per user over time, says Castino. That's because most buyers would only renew their licenses every two to three years under the old model, if that."
... but more.
To cut costs, "Some Autodesk facilities were combined, hundreds of jobs were moved offshore, and 125 staff positions were cut."
The company is not worried about competitors: "Short of a big interest rate hike or terrorist attacks, we don't see a real risk to the company right now," said " Sue Pirri, head of investor relations.
Read the full report at Yahoo.
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