Feeds

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

Was it down to tough love?

High performance access to file storage

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. ®

High performance access to file storage

More from The Register

next story
Windows 8.1, which you probably haven't upgraded to yet, ALREADY OBSOLETE
Pre-Update versions of new Windows version will no longer support patches
Android engineer: We DIDN'T copy Apple OR follow Samsung's orders
Veep testifies for Samsung during Apple patent trial
OpenSSL Heartbleed: Bloody nose for open-source bleeding hearts
Bloke behind the cockup says not enough people are helping crucial crypto project
Half of Twitter's 'active users' are SILENT STALKERS
Nearly 50% have NEVER tweeted a word
Windows XP still has 27 per cent market share on its deathbed
Windows 7 making some gains on XP Death Day
Internet-of-stuff startup dumps NoSQL for ... SQL?
NoSQL taste great at first but lacks proper nutrients, says startup cloud whiz
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
US taxman blows Win XP deadline, must now spend millions on custom support
Gov't IT likened to 'a Model T with a lot of things on top of it'
prev story

Whitepapers

Mainstay ROI - Does application security pay?
In this whitepaper learn how you and your enterprise might benefit from better software security.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
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.
Mobile application security study
Download this report to see the alarming realities regarding the sheer number of applications vulnerable to attack, as well as the most common and easily addressable vulnerability errors.