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Adobe Systems profit,revenue soar

Software-maker Adobe Systems Inc has reported a 69 per cent jump in profit to $230 million in the quarter ended September 3 on strong sales.

Software-maker Adobe Systems Inc has reported a 69 per cent jump in profit to $230 million in the quarter ended September 3 on strong sales.

The company had posted a net profit of $136 million for the quarter ended August 28,2009,Adobe Systems said in a statement.

The company achieved a record revenue of $990.3 million in the third quarter ended September 3,as against $697.5 million in the quarter ended August 28,2009. This translated into a growth of 42 per cent.

Earlier,in June,Adobe had forecast a revenue of $950 million to $1 billion for the quarter ended September 3. “Strong performance in each of our major businesses contributed to record revenue and strong earnings in the third quarter,” Adobe CEO and President Shantanu Narayen said.

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First published on: 23-09-2010 at 02:33:09 am
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