The Zhitong Finance App learned that on Monday, Autodesk (ADSK.US) rebounded by more than 5%. Previously, the stock price weakened and fell nearly 11% for 3 consecutive trading days, and is now at 294.60 US dollars. According to the news, the company said it is confident in implementing its strategic priorities in the cloud platform and artificial intelligence business. Autodesk said that as free cash flow grows, the company will allocate funds to organic investments, targeted mergers and acquisitions, and continue to implement a stock repurchase plan. Furthermore, according to people familiar with the matter, Autodesk has decided to put on hold its plan to acquire PTC Inc. (PTC.US) in cash and stock, which, if completed, could have become one of the largest mergers and acquisitions in the global software industry this year.

The Zhitong Finance App learned that on Monday, Autodesk (ADSK.US) rebounded by more than 5%. Previously, the stock price weakened and fell nearly 11% for 3 consecutive trading days, and is now at 294.60 US dollars. According to the news, the company said it is confident in implementing its strategic priorities in the cloud platform and artificial intelligence business. Autodesk said that as free cash flow grows, the company will allocate funds to organic investments, targeted mergers and acquisitions, and continue to implement a stock repurchase plan. Furthermore, according to people familiar with the matter, Autodesk has decided to put on hold its plan to acquire PTC Inc. (PTC.US) in cash and stock, which, if completed, could have become one of the largest mergers and acquisitions in the global software industry this year.