CS3 Takes Adobe to Record Revenue

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. (More Adobe stories.)