Adobe benefits from Creative Suite boost in earnings

The company has delivered an upbeat outlook for the year off the back of solid second quarter earnings

Adobe, which is betting on a strong upgrade cycle for its Creative Suite, delivered solid second quarter earnings and an upbeat outlook. The company added that sales of its latest Creative Suite should be strong through 2010 and into 2011 as large customers upgrade.

The company reported fiscal second quarter earnings of $148.6m (£99.6m), or 28 cents a share, on revenue of $943m, up 34 percent from $704.7m a year ago. Non-GAAP earnings were 44 cents a share. Wall Street was expecting earnings of 42 cents a share on revenue of $905m.

In a statement, Adobe chief executive Shantanu Narayen credited a "successful launch of Creative Suite 5" for the results. Adobe's product revenue for the three months ended June 4 checked in at $795.3m, up from $648m in the year ago quarter.

For more on this story, see Adobe delivers solid quarter; CS 5 sales strong out of gate on ZDNet.com.

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