The company's shares rose 2.2 percent to $71.50 in extended trading on Wednesday.

Adobe said authority of its previous buyback program of up to $2 billion through fiscal 2015 has been exhausted.

The company reported a 3 percent rise in revenue in the fourth quarter ended Nov. 28, helped by higher subscription sales of its Creative Cloud suite.

(Reporting By Kshitiz Goliya; Editing by Sriraj Kalluvila)