Adobe buoyed by Creative Suite 3

Summary:That Creative Suite 3 product cycle is treating Adobe pretty well these days. Adobe on Monday reported net income of $205.

That Creative Suite 3 product cycle is treating Adobe pretty well these days.

Adobe on Monday reported net income of $205.2 million, or 34 cents a share, on record revenue of $851.7 million for its fiscal third quarter. Excluding certain items Adobe had earnings of 45 cents a share, which handily topped Thomson Financial estimates of 40 cents a share.

In the third quarter a year ago, Adobe (all resources) reported net income of 16 cents a share on revenue of $602.2 million.

Adobe said its results were "driven by outstanding Creative Suite 3 adoption and continued Acrobat momentum." Meanwhile, the company sees the good times rolling. Adobe projected fourth quarter revenue of $860 million to $890 million with earnings of 35 cents a share to 37 cents a share. Excluding items, Adobe projected earnings of 46 cents a share to 48 cents a share. Wall Street was expecting earnings of 44 cents a share on revenue of $843 million.

Topics: Enterprise Software

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Larry Dignan is Editor in Chief of ZDNet and SmartPlanet as well as Editorial Director of ZDNet's sister site TechRepublic. He was most recently Executive Editor of News and Blogs at ZDNet. Prior to that he was executive news editor at eWeek and news editor at Baseline. He also served as the East Coast news editor and finance editor at CN... Full Bio

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