SAN RAFAEL, Calif., Dec 14, 2010 (BUSINESS WIRE) --
Inc. (NASDAQ:ADSK) today announced that its Board of Directors has
approved the repurchase of up to 20 million shares of the company's
common stock, in addition to approximately 5.5 million shares remaining
under previously authorized share repurchase programs. The repurchase
plan helps offset dilution from Autodesk's equity compensation programs.
The stock repurchase authorization does not have an expiration date and
the pace and timing of repurchases will depend on factors such as levels
of cash generation from operations, the volume of stock option exercises
by employees, cash requirements for acquisitions, economic and market
conditions, stock price and legal and regulatory requirements.
In the first three quarters of fiscal 2010, Autodesk repurchased
approximately 7 million shares of its common stock at an average price
of $29.13 per share.
Autodesk, Inc., is a leader in 3D
design, engineering and entertainment software. Customers across the
manufacturing, architecture, building, construction, and media and
entertainment industries - including the last 15 Academy Award winners
for Best Visual Effects - use Autodesk software to design, visualize,
and simulate their ideas. Since its introduction of AutoCAD software in
1982, Autodesk continues to develop the broadest portfolio of
state-of-the-art software for global markets. For additional information
about Autodesk, visit www.autodesk.com.
Autodesk and AutoCAD are registered trademarks or trademarks of
Autodesk, Inc., and/or its subsidiaries and/or affiliates in the USA
and/or other countries. Academy Award is a registered trademark of the
Academy of Motion Picture Arts and Sciences. All other brand names,
product names, or trademarks belong to their respective holders.
Autodesk reserves the right to alter product and service offerings, and
specifications and pricing at any time without notice, and is not
responsible for typographical or graphical errors that may appear in
this document. © 2010 Autodesk, Inc. All rights reserved.
SOURCE: Autodesk, Inc.
David Gennarelli, 415-507-6033 (Investors)
Greg Eden, 415-547-2135 (Press)