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Adobe Hits Record Revenues
Adobe earned $222.2 million, or 38 cents a share, up 21%, on record fourth-quarter revenues of $911.2 million, up 34% year-over-year, exceeding the company's revenue target of $860 million-$890 million. It attributed the results to Acrobat, its Creative Suite 3 products and momentum in its enterprise business. Creative Suite 3, which started coming out in April, includes upgrades to Photoshop, Illustrator and software acquired with Macromedia like Flash, Dreamweaver and Fireworks. On a non-GAAP basis Adobe earned 49 cents in Q4, a penny more than Wall Street expected.
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