November 11, 2009 |
Adobe Systems Inc., the world's biggest maker of graphic-design programs, plans to cut 680 jobs, or about 9% of its global workforce, as the company copes with a lingering sales slump. Adobe will record $65 million to $71 million in pretax expenses, including costs for shutting offices and severance pay, according to a regulatory filing Tuesday. Adobe expects to report additional costs related to its $1.8 billion purchase of Omniture Inc. last month. Adobe Chief Executive Shantanu Narayen is dealing with a slowdown in demand for software from advertisers and other creative professionals.
December 17, 2008 |
Adobe Systems Inc., best known for its Photoshop and Acrobat software, said its fiscal fourth-quarter profit grew 11% to $245.9 million, or 46 cents a share. The San Jose firm said sales rose to $915.3 million from $911.2 million a year earlier.
December 4, 2008 |
Adobe Systems Inc. released better-than-expected preliminary earnings for the fourth quarter, but said it would cut 600 jobs, or 8% of its workforce, because of slower revenue growth. The San Jose software company said it expected earnings of 45 to 46 cents a share, compared with 49 cents a year earlier. Excluding certain items, Adobe expects to earn 59 to 60 cents a share. Analysts projected 51 cents, according to Thomson Reuters. Adobe said revenue would be $912 million to $915 million, up from $911 million a year earlier but below the average analyst estimate of $930 million.
June 17, 2008 |
Adobe Systems Inc. said second-quarter profit climbed 41% on sales of Creative Suite 3. Net income rose to $214.9 million, or 40 cents a share, from $152.5 million, or 25 cents, a year earlier, the San Jose company said. Sales advanced 19% to $886.9 million.
March 28, 2008 |
Adobe Systems Inc., facing competition from websites letting people edit photos online, created a free, Internet-based version of its Photoshop software. A test version of the service, Photoshop Express, will allow users to store, sort and edit pictures online and move them to social-networking sites such as Facebook. Adobe hopes to entice digital-camera owners who may become customers for its software later, analysts said.
March 19, 2008 |
Adobe Systems Inc. said profit climbed 53% as more customers bought the latest version of its Creative Suite design software. First-quarter net income rose to $219.4 million, or 38 cents a share, from $143.9 million, or 24 cents, a year earlier, San Jose-based Adobe said. Sales advanced 37% to $890.4 million.