Adobe Q1 income up, revenue down
PrintCreative Suite will deliver sales fillip
Posted in Financial News, 21st March 2007 00:53 GMT
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Adobe recorded a healthy boost in income despite a fall in sales, in preparation of the forthcoming Creative Suite upgrade.
The web site and graphics authoring specialist saw net income increase 36 per cent to $143.8m on revenue that fell 0.9 per cent to $649.4m. Earnings per diluted share increased seven cents to $0.24.
Chief executive Bruce Chizen – called the first quarter a “solid” result. He reportedly claimed pent up demand for the next Creative Suite - due this fiscal period - would help Adobe through what is typically a tough third quarter.®
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