Original URL: http://www.theregister.co.uk/2007/03/21/adobe_first_quarter/
Adobe Q1 income up, revenue down
Creative Suite will deliver sales fillip
Posted in Financial News, 21st March 2007 00:53 GMT
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 (http://yahoo.reuters.com/news/articlehybrid.aspx?storyID=urn:newsml:reuters.com:20070320:MTFH06601_2007-03-20_21-08-13_N20241036&type=comktNews&rpc=44) claimed pent up demand for the next Creative Suite - due this fiscal period - would help Adobe through what is typically a tough third quarter.®