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Wednesday, Oct 31
2012, 5:09 PM
More on BMC Software's FQ2: $750M in buybacks will take place via an accelerated repurchase...
More on BMC Software's FQ2: $750M in buybacks will take place via an accelerated repurchase agreement. The new $1B buyback authorization is supported by the two BMC directors appointed as part of a deal with Elliott Associates. $200M in shares were bought in FQ2. ESM division license bookings, long under pressure, rose 44% Q/Q. BMC is reiterating FY13 guidance for EPS of $3.49-$3.59, largely above a $3.49 consensus. Revenue growth is expected to be in the "mid single digits" (consensus is at 3.5%). CC underway (webcast) BMC +2.7% AH. (PR)