Adobe buoyed by Creative Suite 3

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.

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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.

Topic: Enterprise Software

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  • Guilty

    I found value in the upgrade.

    Macromedia Studio 8

    Dreamweaver, Flash Pro, Fireworks, Contribute, and Flashpaper

    Adobe CS3 Web Premium upgrade eligible

    Dreamweaver, Flash Pro, [b]Photoshop[/b], [b]Illustrator[/b], Fireworks, [b]Acrobat Pro[/b], Contribute, [b]Bridge[/b], [b]Version Cue[/b], [b]Device Central[/b], ect.

    Felt like I actually got an upgrade and not just paying in a maintenance fee. I was seriously wanting Photoshop. That include clenched the deal.
    dragosani
  • Now maybe they can afford to...

    lower their ridicously expensive European prices.

    Something is wrong when it is cheaper for me to fly to New York and buy a copy retail than to buy one at my local UK reseller.
    ross2000