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Adobe reports record revenue in Q318 Sep 2007 21:03 Prints money with Creative Suite 3Creative Suite 3 has been putting bread on Adobe Systems' table this quarter. During its fiscal third quarter ended 31 August, the company reported a record revenue of $851.7m, compared to $602.2m in Q3 2007. GAAP net income rose to $205.2m, compared with $94.4m in the same quarter last year. GAAP operating income was $225m in Q3 2007, compared to $110m year-over-year and $180.4m in Q2 2007. CEO Bruce Chizen said the bountiful results were driven by "outstanding Creative Suite 3 adoption and continued Acrobat momentum". Chizen added the company is well positioned for continued double-digit revenue growth as they near the end of fiscal 2007. Adobe's software brought in $813.4m of its revenue, or about 96 per cent of the haul. Services and support took in the remaining $38.4m. The company did not offer a breakdown of its software sales. Adobe projects fiscal fourth quarter revenue between $860m to $890m. Wall Street was expecting a forecast averaging at $843.6m ® 6 comments posted — Comment period finished Massive price tag = massive profitsPosted: 21:25 18th September 2007 And how much of that massive profitPosted: 21:52 18th September 2007 Price differences between the US and other countries helps.Posted: 23:25 18th September 2007 Course there are price differencesPosted: 08:30 19th September 2007 Refuse to buy any Adobe products....Posted: 08:45 19th September 2007
Track this type of story as a custom Atom/RSS feed or by email. Related storiesAdobe boss quits (13 November 2007)
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