March 18, 2009 |
Adobe Systems Inc. posted a 29% decline in its fiscal first-quarter profit. For the December-February period, Adobe, based in San Jose, earned $156.4 million, or 30 cents a share, compared with $219.4 million, or 38 cents, a year earlier. Excluding one-time items, adjusted earnings were 45 cents a share, beating average analysts' estimates by a penny. Revenue declined 12% to $786.4 million, roughly in line with analysts' estimates of $784.2 million, according to a survey by Thomson Reuters.
October 2, 2007 |
Adobe Systems Inc. plans to acquire Virtual Ubiquity Inc., maker of the Buzzword word processor, to compete with Microsoft Corp. and Google Inc. San Jose-based Adobe is looking to a team of former Lotus application developers to enable users of its Adobe Acrobat software to work together on publishing shared documents. The terms of the deal were not disclosed. The software lets users collaborate on shared documents and allows them to save data or format changes online.
June 3, 2006 |
Microsoft Corp. said it had canceled plans to include an automatic way to save documents in the popular PDF format in the next version of its Office software, amid a dispute with Adobe Systems Inc. Instead, users who purchase Office 2007, due out in January, will have to download separate, free software to save Word, Excel and other Office documents as PDFs.
September 20, 2001 |
Adobe Systems Inc. said its fiscal third-quarter earnings fell 10% to $96.4 million, or 28 cents a share, matching analyst forecasts, but revenue fell short of expectations. The San Jose-based software company also reduced fourth-quarter estimates to 27 cents or 28 cents a share, primarily because of a sudden drop in demand in Japan. Analysts had been expecting 31 cents. Revenue fell 11% to $292.1 million in the third quarter. Analysts were expecting revenue of $319.
March 19, 1999 |
Adobe Systems Inc., the top maker of desktop graphics software, reported better-than-expected profit for the fiscal first quarter and said its results may beat forecasts for the fiscal second quarter as well. Adobe's profit rose to $38.3 million, or 60 cents a share, in the latest quarter, up from $26.7 million, or 38 cents, a year ago, with a boost from sales of its latest version of Illustrator software and from expense controls. Analysts were expecting 52 cents, according to First Call Corp.
June 15, 2001 |
Adobe Systems Inc. said operating earnings grew 25% in its second quarter to $121.5 million, or 34 cents a share, well above the average analyst estimate of 29 cents, on a 15% rise in revenue to $344.1 million. The software maker's results were helped by the release of Adobe Acrobat 5.0, a new version of the portable document format reader that has become a standard for document distribution on the Web.
January 31, 2001 |
Adobe Systems Inc., the No. 1 maker of graphic-design software, said sales of all product lines are slowing in the U.S. because of weaker economic growth, sending its shares down as much as 20%. The slowing economy may cause Adobe to miss its forecast for sales growth of 25% in the fiscal first quarter, which ends March 2, the company said. Adobe, known for its Photoshop editing suite and Web publishing products such as Acrobat, said it's "spending cautiously" in order to meet profit forecasts.
October 27, 2005 |
Adobe Systems Inc., the world's biggest maker of graphic-design software, said fourth-quarter sales and profit would be at the "high end" of its forecasts on demand for its Photoshop and Illustrator programs. The San Jose company in September forecast profit of 27 cents to 29 cents a share on sales of $490 million to $510 million in the period ending Dec. 2, and on Wednesday predicted the higher end of that range.