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Adobe sees increase in customer demand
The company has reported a fourth-quarter loss, but says it has seen an uptick in demand for its products
Adobe said on Tuesday it saw an "improvement in customer demand" in the fourth quarter, as it wound down a difficult fiscal year.
Adobe reported a fourth-quarter net loss of $32.04m (£19.5m), or six cents a share on revenue of $757.3m, down from a profit of $245.9m, or 46 cents a share, on sales of $915.3m in the same quarter a year ago. The results include the results from recently acquired web-analytics firm Omniture, which chipped in revenue of $26.3m.
Non-Gaap earnings were $206.8m, or 39 cents a share. Wall Street was expecting non-Gaap earnings of 37 cents a share.
For more on this story, see Adobe caps rough fiscal year; Sees demand improve on ZDNet.com.