Autodesk 2011 Annual Report Download - page 109

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We expect to balance our need to invest in the marketing and sales of our products with our desire to
actively manage our sales and marketing operating expenses. As a result, we expect marketing and sales expense
to increase in absolute dollars, but to slightly decrease as a percentage of net revenue in fiscal 2012, as compared
to fiscal 2011.
Research and Development
Fiscal year
Ended
January 31,
2011
Increase
compared to
prior fiscal year
Fiscal year
Ended
January 31,
2010
Decrease
compared to
prior fiscal year
Fiscal year
Ended
January 31,
2009$ % $ %
(in millions)
Research and development ......... $496.2 $38.7 8% $457.5 $(118.6) -21% $576.1
As a percentage of net revenue ..... 25% 27% 25%
Research and development expenses, which are expensed as incurred, consist primarily of salaries, bonuses,
benefits and stock-based compensation expense for research and development employees, and the expense of
travel, entertainment and training for such personnel, rent and occupancy, professional services such as fees paid
to software development firms and independent contractors. Research and development expenses increased 8%
during fiscal 2011, as compared to fiscal 2010, primarily due to an increase in bonuses, salaries and benefits.
Research and development expenses decreased 21% during fiscal 2010, as compared to fiscal 2009, primarily
due to decreases in employee-related costs driven by decreased research and development headcount. Also
contributing to the decline was a decrease in acquisition related in-process research and development charges
from fiscal 2009 to fiscal 2010. We expect research and development expense to increase in absolute dollars, but
remain relatively consistent as a percentage of net revenue during fiscal 2012, as compared to fiscal 2011, as we
continue to invest in product development and acquire new technology in fiscal 2012.
General and Administrative
Fiscal year
Ended
January 31,
2011
Increase
compared to
prior fiscal year
Fiscal year
Ended
January 31,
2010
Decrease
compared to
prior fiscal year
Fiscal year
Ended
January 31,
2009
$ % $ %
(in millions)
General and administrative ........... $200.8 $3.1 2% $197.7 $(8.0) -4% $205.7
As a percentage of net revenue ........ 10% 12% 9%
General and administrative expenses include salaries, bonuses, benefits and stock-based compensation
expense for our finance, human resources and legal employees, and the expense of travel, entertainment and
training for such personnel as well as professional fees for legal and accounting services, amortization of
acquisition related customer relationships and trade names, expense of communication and the cost of supplies
and equipment. General and administrative expenses increased 2% from fiscal 2010 to fiscal 2011 primarily due
to an increase in bonuses and salaries partially offset by a decrease in stock based compensation expense.
General and administrative expenses decreased 4% from fiscal 2009 to fiscal 2010 primarily due to decreases in
employee-related costs driven by decreased general and administrative headcount and reduced rent and
occupancy costs due to the consolidation of facilities. This decrease was partially offset by higher depreciation
and amortization related to capital expenditures from fiscal 2009 and 2010. We expect general and administrative
expense to increase in absolute dollars, but remain consistent as a percentage of net revenue during fiscal 2012,
as compared to fiscal 2011.
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