(CercleFinance.com) — Marking its quarterly reporting, Autodesk noted Tuesday night that its board has authorized a $5 billion stock buyback, a program that will allow it to offset dilution and reduce outstanding shares over time.
In its third accounting quarter, the enterprise software publisher achieved adjusted earnings per share of $1.70 and non-GAAP operating margin of 36%, up four points, on revenue that increased 14% to $1.28 billion.
For the current full year, Autodesk expects adjusted EPS of $6.56 to $6.62, a non-GAAP operating margin of approximately 36% and revenue of $4.99 billion to $5.005 billion, up about 14%.