Adobe has had a policy of buying back as many of its own shares it can find and said authority of its previous buyback program of up to $2 billion through fiscal 2015 had been exhausted.

Things have been doing ok for the maker of Photoshop which reported a 3 percent rise in revenue in the fourth quarter helped by higher subscription sales of its Creative Cloud suite.

Adobe has been moving to a more subscription-based system for the sale of its software and has been largely doing reasonably well.