CS3 Takes Adobe to Record Revenue

Software maker tops expectations with 21% net income bump
By Jim O'Neill,  Newser User
Posted Dec 18, 2007 5:52 AM CST
Adobe Systems Inc. products on display at Micro Center computer store in Santa Clara, Calif., Monday, Dec. 17, 2007.    (Associated Press)
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(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.