Impressive numbers
The maker of popular consumer and corporate software such as Photoshop and Acrobat reported Monday that its fourth-quarter profit climbed 21 percent, beating Wall Street expectations.
Executives credited record revenue, from Adobe's biggest-ever software launch. Net income for the three months that ended Nov. 30 was $222.2 million, or 38 cents a share, compared with $183.2 million, or 30 cents a share, in the same period a year ago. Sales were a record $911.2 million, up 34 percent and easily exceeding the company's own estimates of $860 million to $890 million.
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