Adobe Posts Its First Billion-Dollar Quarter


Great news for those who rely on Adobe software... according the Associated Press:

"The software maker Adobe posted quarterly earnings on Monday that exceeded analyst expectations and provided a rosy outlook.The company’s shares rose as much as 5.7 percent, to $30.85, in extended trading, after closing at $29.19 in the regular session."

To put this in perspective, "adjusted earnings were 56 cents a share in the latest quarter, surpassing the average forecast of 52 cents a share among analysts surveyed by Thomson Reuters. Revenue rose33 percent to $1.01 billion from $757 million last year. It was Adobe’s first billion-dollar quarter."

Here's the whole story –