In a regulatory filing, Autodesk (ADSK) said that, “We are confident in our plans to drive long-term shareholder value and remain focused on executing our established strategic priorities in cloud, platform, and AI; optimizing our sales and marketing to drive higher margins; and allocating capital to organic investment, targeted and tuck-in acquisitions, and continuing our share repurchase program as our free cash flow grows.” Shares of Autodesk are up about 6% at $296.55 in afternoon trading as the company seems to have called off an acquisition of PTC (PTC).
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