New Product Launches Expected to Fuel Company’s
Revenue and Earnings Growth
SAN JOSE, Calif. — March 23, 2010 — Adobe Systems Incorporated (Nasdaq:ADBE) today reported financial results for its first quarter fiscal year 2010 ended March 5, 2010
INew Product Launches Expected to Fuel Company’s Revenue and Earnings Growth n the first quarter of fiscal 2010, Adobe achieved revenue of $858.7 million, compared to $786.4 million reported for the first quarter of fiscal 2009 and $757.3 million reported in the fourth quarter of fiscal 2009. This represents 9 percent year-over-year revenue growth. Adobe’s first quarter revenue target range was $800 to $850 million.
“Stability in our creative business, combined with strength in our Acrobat and Omniture solutions, helped drive strong financial performance in Q1,” said Shantanu Narayen, president and CEO of Adobe. “The market trends enabling our diverse business remain strong and we are bullish about the upcoming launches of Flash Player and Creative Suite.”
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