Adobe has just broken through the barrier of notching up $1 billion of revenue in a single quarter.
Outperforming analyst expectations the company posted a profit of 56 cents per share for the fourth quarter, which set Shantanu Narayen, president and CEO of Adobe purring:
We posted our first billion dollar quarter and record annual revenue in 2010, driven by outstanding performance across all of our major businesses.
Dosh galore
Adobe was also confident about the next quarter rocking to the same sound of rattling cash tills, insisting that it would post profits, excluding items, of 54 to 59 cents a share, batting the average analyst forecast of 51 cents right out of the park.
Revenue projections were equally upbeat, with the company saying that it expected to pocket even more dosh in the next quarter, up from $1 billion to $1.05 billion, which was ahead of the average forecast pegged at $992 million.
All this good news for Adobe comes despite sales of its ultra-pricy flagship software package Creative Suite 5 falling to $542 million in the fourth quarter from $550 million in the previous quarter.
[Via]
