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NIC issues FY'18 guidance, announces stock buyback program

NIC Inc. has released its financial guidance for fiscal year 2018.

The company expects total revenues of $333.0 million to $343.0 million and EPS of 75 cents to 79 cents for the fiscal year.

Additionally, NIC's board has authorized a plan to repurchase up to $25 million of the company's common stock.

Share repurchases may be funded using the company's existing cash balance, future cash flows or available line of credit.