Adobe Q1 numbers show impact of recovery


Adobe Q1 numbers show impact of recovery

Simon Quicke
Adobe_Narayen.jpgAdobe has continued to claw back its income to pre-recessionary levels and increased its revenues in the run-up to its flagship launch of its latest version of Creative Suite.

The software player delivered revenues of $858.7m for its fiscal Q1 ended 5 March compared to $786.4m for the same period last year and $757.3m in Q4.

Operating income at $176.8m was up from Q4 numbers of $153.6m but still lagged behind the 09 performance at $207.9m.

Shantanu Narayen, president and CEO of Adobe (pictured), said that its Acrobat and web monitoring Omniture products had done well and it still had major releases to come in 2010.

"The market trends enabling our diverse business remain strong and we are bullish about the upcoming launches of Flash Player and Creative Suite," he said.

The vendor is expecting the recovery to continue into Q2 with revenue targets in the $925m region.

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