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Follow UsNEW DELHI, INDIA: Adobe Systems Inc. has reported an increase of 33.56 per cent in revenue to $911.2 million for the fourth quarter ended November 30, compared to $682.2 million posted for the corresponding quarter a year ago.
Adobe said in a statement that its fourth quarter revenue target range was $860 to $890 million.
“Driving our Q4 results were continued adoption of our Creative Suite 3 family of products, record revenue for Acrobat and strong momentum in our enterprise business,” said Shantanu Narayen, president and chief executive officer of Adobe. “As we enter fiscal 2008, we are performing exceptionally well and the company is positioned to achieve a sixth consecutive year of double-digit growth.”
In fiscal year 2007, Adobe achieved revenue of $3.158 billion, up 23 per cent from $2.575 billion posted during the previous fiscal year.
Adobe’s annual GAAP net income was $723.8 million in fiscal 2007, compared to $505.8 million in fiscal 2006. Adobe’s annual non-GAAP net income was $965.8 million in fiscal 2007, compared to $757.3 million in fiscal 2006.
GAAP diluted earnings per share for fiscal 2007 were $1.21, compared to $0.83 in fiscal 2006. Non-GAAP diluted earnings per share for fiscal 2007 were $1.61, compared to $1.24 in fiscal 2006.
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