Adobe reports record financial results - Macenstein

Adobe reports record financial results

Posted by Helper Monkey

SAN JOSE, Calif. — March 22, 2006 — Adobe Systems Incorporated (Nasdaq:ADBE) today reported record financial results for its first quarter ended March 3, 2006. The Company’s Q1 results reflect the recent acquisition of Macromedia, and are compared to pre-acquisition results of prior fiscal periods.

In the first quarter of fiscal 2006, Adobe achieved record revenue of $655.5 million, compared to $472.9 million reported for the first quarter of fiscal 2005 and $510.4 million reported in the fourth quarter of fiscal 2005. On a year-over-year basis, this represents 39 percent revenue growth. Adobe’s first quarter revenue target range was $630 to $660 million.

Now, if only a portion of those profits were put towards cranking out universal versions of its Mac Apps, we’d be set!

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