Adobe posts record Q1 profit

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SAN FRANCISCO: Design software maker Adobe Systems Inc., posted record first-quarter earnings and revenue citing strong global revenue from its new Adobe Creative Suite and its Intelligent Documents business.

Net income for the quarter was a record $123 million, or 50 cents a share, compared with year-ago net income of $54.2 million, or 23 cents a share.

Revenue was a record $423.3 million, up from $296.9 million a year earlier, the San Jose, California-based company said.

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