New software helps lift Adobe’s revenue, profit
From the Associated Press
Adobe Systems Inc. reported record fourth-quarter revenue and an increase in profit of 16%, thanks in part to strong sales of the newest version of digital document software Acrobat.
Net income rose to $181.86 million, or 30 cents a share, from $156.25 million, or 31 cents, a year ago. Sales increased 34% to $682.18 million.
Excluding costs for expenses such as restructuring charges related to the December 2005 acquisition of Macromedia Inc., profit was $196.99 million, or 33 cents a share.
Analysts were expecting San Jose-based Adobe to earn $198.87 million, or 33 cents a share, on fourth-quarter sales of $670.76 million, according to a Thomson Financial survey.
