Among the critical takeaways for investors is that growth has been reinvigorated, cash flow is significantly improved, and the robust capital return is safer than ever.
Capital return is a significant factor that drives this stock. The company’s return is entirely comprised of share buybacks, but these are aggressive share buybacks that reduce the count each quarter. The highlights from Q2 include a 10% year-over-year decline in the quarterly count, a 12% year-to-date decline, and indications that the pace will continue robustly in Q4 and the subsequent fiscal year.
