Source: MarketWatch
Written By Michael Paige

LOS ANGELES (MarketWatch) - Adobe Systems Inc. late Tuesday said its expects its quarterly results to come in at the high end of its previously issued outlook on continued strength for its digital document and design software.

Adobe (ADBE: 32.88, +0.89, +2.8%) also said it still expects to close its planned $3 billion acquisition of Macromedia Inc. (MACR: 44.91, +1.24, +2.8%) in late November or December following regulatory approval in Europe. That deal recently won U.S. antitrust clearance. See earlier related story.

After the close of trade, San Jose, Calif.-based Adobe said it was seeing strong demand for both its nearly ubiquitous Acrobat software used to publish and share electronic documents and its Creative Suite design software.

Adobe’s financial outlook, issued last month, called for the company to earn 27 cents to 29 cents a share on revenue of $490 million to $510 million, representing growth of 14% to 19%.

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This story was posted on Wednesday, October 26th, 2005 at 3:35 pm and is filed under Adobe News. You can follow any responses to this story through the RSS 2.0 feed. Both comments and pings are currently closed.