Autodesk (ADSK) shares rose more than 4% in recent premarket trading Monday after the company said it remains confident in executing its strategic priorities across its cloud, platform and artificial intelligence businesses.
The company also said it is optimizing sales and marketing to drive higher margins.
Autodesk said it is allocating capital to organic investment, targeted and tuck-in acquisitions, and continuing its share repurchase program as free cash flow grows.
Last week, media outlets reported that Autodesk was mulling an acquisition of PTC (PTC).
Price: 294.00, Change: +13.61, Percent Change: +4.85
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