Adobe's fiscal second quarter results were in line with expectations, but earnings and sales were down from a year ago.
The company reported second quarter earnings of $126.1 million, or 24 cents a share, down from $214.9 million, or 40 cents a share a year ago (statement). Excluding items, Adobe reported earnings of 35 cents a share, in line with Wall Street estimates. Adobe's revenue for the second quarter was $704.7 million, down from $886.9 million a year ago.
As for the outlook, Adobe projected third quarter revenue of $665 million to $715 million with operating margins between 20.5 percent to 25.5 percent. Earnings excluding items are projected to be 30 cents a share to 37 cents a share for the second quarter. That's also in line with expectations for third quarter earnings of 33 cents a share.
By the numbers:
- Americas revenue was 45 percent of revenue in the quarter with Europe, Middle East and Africa representing 33 percent. Asia revenue was 24 percent of the second quarter total.
- Adobe ended the quarter with 7,437 employees, up from 7,173 in the first quarter.
- And sales by category.
Among the notable slides from Adobe's investor handout:
Flash's standing on mobile devices.
And Acrobat revenue annualized.