Adobe reports record revenue in Q3
Prints money with Creative Suite 3
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Creative Suite 3 has been putting bread on Adobe Systems' table this quarter.
During its fiscal third quarter ended 31 August, the company reported a record revenue of $851.7m, compared to $602.2m in Q3 2007. GAAP net income rose to $205.2m, compared with $94.4m in the same quarter last year. GAAP operating income was $225m in Q3 2007, compared to $110m year-over-year and $180.4m in Q2 2007.
CEO Bruce Chizen said the bountiful results were driven by "outstanding Creative Suite 3 adoption and continued Acrobat momentum". Chizen added the company is well positioned for continued double-digit revenue growth as they near the end of fiscal 2007.
Adobe's software brought in $813.4m of its revenue, or about 96 per cent of the haul. Services and support took in the remaining $38.4m. The company did not offer a breakdown of its software sales.
Adobe projects fiscal fourth quarter revenue between $860m to $890m. Wall Street was expecting a forecast averaging at $843.6m ®
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COMMENTS
I don't buy them!
I paid for a copy of Photoshop 7, and haven't seen a compelling feature in any of the subsequent upgrades. Granted, I'm not a graphics Pro, but I'm a keen photographer, and I'm running Photoshop every day.
Perhaps Adobe could spend some of this phenomenal profit on actually improving its products?
Refuse to buy any Adobe products....
due to their extortionate pricing. Those that do are simply idiots (unless they buy direct from the US). Adobe's profits would surely be about the same if they lowered the price over here, due to the increased sales they would get.
Course there are price differences
If there weren't, the US would realise that UK citizens are loads richer than them now :)
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