The company also said today that its board has authorized it to use up to $300 million for a stock repurchase program, which is meant to help reduce the dilution in connection with Veritass recent acquisition of Precise, as well as its employee stock option program. The stock repurchase program is effective immediately, the company says.
Before the companys second-quarter numbers were released this afternoon, Veritas was trading up just over 1 percent, at $27.91 a share, slightly higher than the overall Byte and Switch Index.
Eugénie Larson, Senior Editor, Byte and Switch
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