Autodesk (ADSK) Approves New 30M Common Buyback; Reaffirms Q2, FY13 Outlook

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Autodesk, Inc. (Nasdaq: ADSK) has approved the repurchase of up to 30 million shares of the company's common stock, in addition to the approximately 12 million shares that remained at the end of the first quarter of fiscal 2013 under previously authorized share repurchase programs. The repurchase plan provides Autodesk with the authorization to cover dilution and reduce shares outstanding over time.

In addition, the Company reaffirmed its business outlook for the second quarter and full year fiscal 2013, initially provided on May 17, 2012.

Autodesk reaffirmed its business outlook in conjunction with today's Meeting with Autodesk Management investor event.

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