Mar 21, 2007

Adobe profit rises in sales lull before new products

Source: Reuters via Yahoo News

SEATTLE (Reuters) – Software maker Adobe Systems Inc. (Nasdaq:ADBEnews) 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.

Read entire article

Comments are closed.