Adobe profit rises in sales lull before new products
Source: Reuters via Yahoo News
SEATTLE (Reuters) - Software maker Adobe Systems Inc. (Nasdaq:ADBE - news) posted on Tuesday a rise in quarterly net profit despite declining sales ahead of an upgrade to its Creative Suite software bundle for Web, video and mobile device content.
Adobe posted a net profit of $143.9 million, or 24 cents per diluted share, in its fiscal first-quarter ended February 28, versus a profit of $105.1 million, or 17 cents per diluted share, in the year-ago quarter. Sales fell 1 percent to $649.4 million in the quarter.
