Feeds

Adobe forgets to thank Apple as it hits $1bn per quarter

Was it down to tough love?

The Power of One Brief: Top reasons to choose HP BladeSystem

Adobe put a troublesome year behind it yesterday, announcing its first ever billion-dollar quarter and jacking up its forecasts for next year.

The developer and creative software vendor turned in revenues of $1bn for its fourth quarter ending 3 December, well up on last year's $757.3m, and ahead of the $998m Wall Street was expecting. That was split between subscription revenues of $100.4m – up from $36.9m – and product revenues of $830.9m, up from $670.4m. The balance was made up from service and support revenues.

Net income came in at $268.9m – compared to last year's $32m loss – and delivered earnings per share came in at $0.56 non-GAAP, ahead of Wall Street's forecast of $0.52.

The company capped off the numbers by forecasting Q1 revenues of $1bn to $1.05bn, with earnings of $0.54 to $0.59 non-GAAP, again an advance on current forecasts.

The figures produced a bullish response from CEO and president Shantanu Narayen, who claimed the firm was "one of the most diversified software companies in the world and are entering 2011 with strong momentum".

The firm's bullishness is all the more remarkable since Apple boss Steve Jobs famously laid into it earlier in the year, exiling its Flash platform from its mobile devices.

Which raises the possibility that Steve was simply giving Adobe some tough love in an effort to get it to sort out some of its software's shortcomings and look at the world beyond Apple. However, it doesn't seem that Narayen chose to thank Steve for this little prompt yesterday. ®

Seven Steps to Software Security

More from The Register

next story
Secure microkernel that uses maths to be 'bug free' goes open source
Hacker-repelling, drone-protecting code will soon be yours to tweak as you see fit
KDE releases ice-cream coloured Plasma 5 just in time for summer
Melty but refreshing - popular rival to Mint's Cinnamon's still a work in progress
NO MORE ALL CAPS and other pleasures of Visual Studio 14
Unpicking a packed preview that breaks down ASP.NET
Cheer up, Nokia fans. It can start making mobes again in 18 months
The real winner of the Nokia sale is *drumroll* ... Nokia
Put down that Oracle database patch: It could cost $23,000 per CPU
On-by-default INMEMORY tech a boon for developers ... as long as they can afford it
Another day, another Firefox: Version 31 is upon us ALREADY
Web devs, Mozilla really wants you to like this one
Google shows off new Chrome OS look
Athena springs full-grown from Chromium project's head
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Application security programs and practises
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Securing Web Applications Made Simple and Scalable
Learn how automated security testing can provide a simple and scalable way to protect your web applications.