Adobe, positive quarter – Macitynet.it
Good news from Adobe. The Californian company has indeed recorded a positive quarter.
The data presented yesterday shows that the turnover of 317.4 million dollars, although decreasing compared to that of last year, exceeded that of the previous quarter which had been 267.9 million dollars. The 27 cents per earning share are also higher than expected by the market which placed profits at 25 cents per share.
According to the statements of the CEO Bruce Chizen, the recovery should continue also in the coming months. In the short term, the main product will be Photoshop, while in the long term strategies in the large industrial market should play in favor of Adobe.
Adobe, a company historically linked to Apple, also relies heavily on Mac OS X to improve its earnings prospects. According to Chizen, Photoshop should be the driving force. 'Once our customers have seen the quality of Photoshop,' he said during the financial results conference, 'we hope they will also turn to our other products.' This will happen in the coming weeks, while familiarity with both Mac OS X and Photoshop will increase.
Chizen has admitted that Photoshop has not provided the expected pull for now. The new software packages are sold at a good pace but there is no desired relapse on related products, such as Illustrator. Hence the caution on the results for the next quarter.