Today's authorization of our first-ever share repurchase program is a vote of confidence in the company's strong financial momentum. We will be thoughtful as it relates to the pace of our buyback, beginning with actions that partially offset stock-based compensation, and working towards a consistent reduction in share count, said Prashanth Mahendra-Rajah, the company's CFO.
The company leaders also forecast adjusted EBITDA growth of 30% to 40% on average per year, and free cash flow as a percentage of adjusted EBITDA at or above 90% per year.
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