BMC Software (BMC) said it has increased its share repurchase program by $1 billion. The company has $69.8 million remaining on a previous $3 billion authorization.
“BMC Software�s strong balance sheet, cash position and free cash flow generation continue to allow us to enhance shareholder value by returning funds to shareholders,” CFO Steve Solcher said in a statement. “BMC�s share repurchase program remains one of the many ways we deliver value to our shareholders.”
BMC is up 2 cents, at $38.24.
The company will report earnings after the close.
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