Feeds

Adobe sales are flat in tough market

'Will emerge from current recession stronger than ever'

Combat fraud and increase customer satisfaction

Adobe Inc saw revenue rise less than one per cent to $915.3m from $911.2m, notching up its slowest growth in seven quarters for Q4.

Earlier this month the software maker blamed sluggish sales of its new Creative Suite 4 (CS4) family of products that began shipping in its fourth quarter in the US and Europe for putting a dent in the company’s expected revs.

The company, which makes Flash, Photoshop and Acrobat, posted an 11 per cent hike in Q4 net income to $245.9m, or 46 cents per share, from $222.2m, or 38 cents a share, a year earlier.

Adobe pulled in quarterly profit, excluding special items, of 60 cents per share. At the beginning of December the firm said it expected to see earnings of 59 to 60 cents a share, excluding items, and 45 cents to 46 cent a share including items.

“Although we expect 2009 will be a challenging year, we remain excited about the long term market trends driving our business, and are confident we will emerge from the current recession stronger than ever," said Adobe president and CEO Shantanu Narayen.

The firm reiterated its sales forecast for the first quarter it set earlier this month of between $800m and $850m, and expects to see an operating margin of between 25 per cent and 28 per cent excluding items.

San Jose, California-based Adobe forecast Q1 earnings to be between 43 cents and 47 cents per share, however the company did not provide full year earnings predictions.

On 3 December when the firm - which is in the process of culling 600 jobs - announced its Q4 prelims, Adobe also admitted that sales of its CS4 products had been disappointing for the quarter.

Adobe shares closed at $22.32, up 0.96 cents or 4.49 per cent on Nasdaq. ®

SANS - Survey on application security programs

More from The Register

next story
This time it's 'Personal': new Office 365 sub covers just two devices
Redmond also brings Office into Google's back yard
Oh no, Joe: WinPhone users already griping over 8.1 mega-update
Hang on. Which bit of Developer Preview don't you understand?
Microsoft lobs pre-release Windows Phone 8.1 at devs who dare
App makers can load it before anyone else, but if they do they're stuck with it
Half of Twitter's 'active users' are SILENT STALKERS
Nearly 50% have NEVER tweeted a word
Internet-of-stuff startup dumps NoSQL for ... SQL?
NoSQL taste great at first but lacks proper nutrients, says startup cloud whiz
IRS boss on XP migration: 'Classic fix the airplane while you're flying it attempt'
Plus: Condoleezza Rice at Dropbox 'maybe she can find ... weapons of mass destruction'
Ditch the sync, paddle in the Streem: Upstart offers syncless sharing
Upload, delete and carry on sharing afterwards?
New Facebook phone app allows you to stalk your mates
Nearby Friends feature goes live in a few weeks
Microsoft TIER SMEAR changes app prices whether devs ask or not
Some go up, some go down, Redmond goes silent
prev story

Whitepapers

Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.