Adobe

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.

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.

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.

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.

Adobe Systems Inc. said Monday that fiscal fourth-quarter profit surged 21%, beating Wall Street expectations, thanks to record revenue after the company's biggest-ever software launch. Net income for the three months ended Nov. 30 was $222.2 million, or 38 cents a share, compared with $183.2 million, or 30 cents, in the year-earlier period. Fourth-quarter sales were a record $911.2 million, up 34% from a year earlier, exceeding the company's estimates of $860 million to $890 million.

Adobe Systems Inc. Chief Executive Bruce Chizen said he would step down and President and Chief Operating Officer Shantanu Narayen would replace him Dec. 1. Narayen will retain his title as the software firm's president and join its board, Adobe said.

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.

Adobe Systems Inc. reported Monday that its third-quarter profit more than doubled from last year, setting a revenue record and easily exceeding Wall Street's expectations as the software company comes off its biggest-ever product launch. Net income for the three months ended Aug. 31 was $205.2 million, or 34 cents a share, up 117% from $94.4 million, or 16 cents, a year earlier. Fiscal third-quarter sales were a record $851.7 million, up 41%.

A Laramie-based conservation group asked the Wyoming Environmental Quality Council to approve special designations to protect about 180,000 acres of Adobe Town, a unique formation of rocks, cliffs and spires in the southwestern part of the state. At the turn of the 20th century, Robert LeRoy Parker and Kid Curry -- better known as Butch Cassidy and the Sundance Kid -- used Adobe Town to hide fresh horses, including those used to rob a train at Tipton in 1900.

Adobe Systems Inc. said Thursday that profit for its second quarter climbed 24% on demand for updated versions of its Creative Suite products. The shares fell after its forecast disappointed some investors. Net income rose to $152.5 million, or 25 cents a share, from $123.1 million, or 20 cents, a year earlier, San Jose-based Adobe said. Sales for the period ended June 1 rose 17% to $745.6 million.