Autodesk says it has concluded accounting audit, shares pop
) shares surged Monday after the company announced that its internal investigation concluded without necessitating any restatements or adjustments to prior financial statements.
Initially, on April 1, Autodesk reported finding discrepancies related to its"free cash flow and non-GAAP operating margin practices." This discovery led to a delay in the filing of its 10-K report for the fiscal year ending January 31, as the company launched a thorough internal review of these issues.
Commenting on the latest developments, analysts at Oppenheimer said they expect ADSK shares to “react positively with the investigation overhang removed without a negative restatement to past results or adjustments to future profitability KPIs .”Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
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