Adobe posts strong first quarter earnings

As the company anticipates the release of new versions of Flash and the Creative Suite, the company has posted strong Q1 results
Written by Larry Dignan, Contributor

Adobe's fiscal first quarter was stronger than expected, and the company boosted its outlook for the next quarter in anticipation of new versions of its Flash Player and Creative Suite.

The company reported earnings of $127.2m (£85m) on revenue of $858.7m, up from $786.4m a year ago, according to a statement from the company. Wall Street was expecting earnings of 37 cents a share on revenue of $827.4m.

As for the outlook, Adobe said it was projecting second quarter earnings of $875m-$925m. Shantanu Narayen, president and chief executive of Adobe, said on a conference call with analysts that he was bullish on the rest of the year.

For more on this story, see Adobe earnings: Business strong, product cycles boost outlook on ZDNet.com.

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