Adobe, financial quarter OK thanks to CS5 – Macitynet.it
Profits slightly above expectations and a good sales result for the CS5. Here is a summary of the two most important elements that emerge from the Adobe financial statements, officially presented tonight.
The San Jos company reported total sales of $ 943 million, 34% more than last year, and earned $ 148.6 million or 44 cents per share, two cents more than they had expected analysts heard by Thomson Reuters. As mentioned, the CS5 was driven by the explosion, driving sales and earnings, said Shantanu Narayen, from the strong growth in creativity for digital content on all media and devices. According to observers Adobe was favored in the purchases of the CS5 also by the coincidence of the launch of the previous version (the CS4) with the beginning of the economic crisis of the end of 2008; many possible users had then frozen their purchases, deferring the update to the current version.
During the conference for the presentation of the tax results, the battle underway between Apple and Adobe was also briefly and indirectly discussed. Narayen has denied that the situation is holding back the adoption of Flash on a mobile platform, specifying that by the end of the year there will be millions of pocket devices with Flash and those who do not have it – said the CEO of Adobe – will regret their choice.
Despite the positive results, ADBE shares have significantly lost ground in the after hour probably due to the forecasts for the current quarter, slightly below the forecasts elaborated by financial analysts.