Dec 17 2007
Adobe Q4 Profit Up 21 pct on Demand for Creative Suite
SAN JOSE, Calif — Dec 17, `07 — Adobe Systems today reported financial results for its fourth quarter and fiscal year ended Nov 30, `07.
In the fourth quarter of fiscal 2007, Adobe achieved record revenue of $911.2 million, compared to $682.2 million reported for the fourth quarter of fiscal 2006 and $851.7 million reported in the third quarter of fiscal 2007. This represents 34 percent year-over-year revenue growth. Adobe’s fourth quarter revenue target range was $860 to $890 million.
Adobe benefited from global demand for Creative Suite 3, which includes software for editing photos, designing Web sites and creating video. Chief Executive Officer Shantanu Narayen, who took over from Bruce Chizen this month, predicted first- quarter earnings that topped estimates, and reaffirmed a forecast for 13 percent sales growth in 2008.
Adobe Reports Record Annual Revenue in Fiscal Year 2007
In fiscal year 2007, Adobe achieved record revenue of $3.158 billion, compared to $2.575 billion in fiscal 2006. On a year-over-year basis, annual revenue grew 23 percent. More at Adobe.

