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December 2, 2008 11:19:33 AM CST

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CS3 Takes Adobe to Record Revenue

Posted Dec 18, 07 5:52 AM CST in Technology,  Business 

(Newser) – Graphic-software manufacturer Adobe Systems topped analysts’ expectations, yesterday announcing record quarterly revenue on the strength of its Acrobat and Creative Suite 3 sales. Adobe said fourth-quarter net income was up 21% on record revenue of $911.2 million, a 34% increase from a year ago, reports the Wall Street Journal. Earnings per share were 49 cents, excluding expenses.

The California company also issued a 2008 first-quarter forecast above Wall Street's expectations, targeting sales of $855-$885 million, and per-share earnings of 44-46 cents. Analysts predicted sales of $836 million and per-share earnings of 42 cents. Creative Suite 3, released in April, is viewed as a measure of the company’s strength.

Source Wall Street Journal

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Adobe Systems Inc. products on display at Micro Center computer store in Santa Clara, Calif., Monday, Dec. 17, 2007.   (Associated Press)
Adobe's new Creative Suite 3 Web Premium edition on display in San Jose, Calif., in this Monday, May 11, 2007 file photo.   (Associated Press)
Adobe Systems Inc. provided this undated photo of Adobe President and CEO Shantanu Narayen.   (Associated Press)
Adobe Systems, Inc., world headquarters is seen, Monday, Sept. 17, 2007, in San Jose, Calif.   (Associated Press)
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