Adobe Systems Earnings Rise 62 Percent
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Adobe Systems Inc.'s income rose 62 percent in its latest quarter on stronger-than-anticipated revenue growth.
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Microsoft Corp. said its fiscal first-quarter earnings rose 11 percent, beating analysts' expectations, as the company benefited from stronger-than-expected computer and server shipments.
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Sales in Europe were especially strong, rising 24 percent, the software maker says.
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Computer Associates International yesterday reported a 6% increase in revenue during its second fiscal quarter, but posted a $94 million loss after paying to settle government investigations into the company, it said yesterday.
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Johnson Controls Inc. , on Tuesday said quarterly earnings rose 24 percent on growth in both its automotive interiors and building controls businesses.
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Hasbro said its third-quarter profit climbed 62 percent on higher sales led by Transformers and Spider-Man toys and a favorable tax adjustment.
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By Ryan Blitstein, San Jose Mercury News, Calif.  Dec. 18--Oracle earned $967 million during the second quarter, an  increase of 21 percent from the same quarter last year, the company said  today.
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Diversified manufacturer United  Technologies Corp.  on Tuesday said second-quarter  earnings rose 13.6 percent, helped by strong demand for its jet  engines and other aerospace components.
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InfoWorld - Software maker Adobe reported a strong financial finish to its 2007 fiscal year with revenue up 23 percent for the year and 34 percent for the fourth quarter on sales of its CS3 (Creative Suite 3) and Acrobat software, the company said Monday.
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Adobe Systems Inc.  said on Thursday quarterly profit rose on higher sales of its computer programs used for design, photo editing and document sharing.
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Software maker Adobe reported a strong financial finish to its 2007 fiscal year with revenue up 23 percent for the year and 34 percent for the fourth quarter on sales of its CS3 (Creative Suite 3) and Acrobat software, the company said Monday.For its fourth quarter ended Nov. 30, Adobe reported record revenue for a three-month period of $911.2 million, compared with $682.2 million for the same time period last year. Revenue beat estimates from analysts polled by Thomson First Call, who were expecting the company to bring in $837 million in the quarter.For the fiscal year ended at the same time, Adobe reported revenue of $3.16 billion, also a record for the company, compared with $2.58 billion last year. Adobe&#39;s net income for the quarter was $222.2 million, a 21 percent increase over the $183.2 million reported in the fourth quarter of fiscal 2006. For the year, net income was up 43 percent at $723.8 million, compared with $505.8 million in fiscal 2006.Diluted EPS (earnings per share) for the fourth quarter of fiscal 2007 were $0.38, slightly above the company&#39;s own range of $0.35 to $0.37, and a 27 percent increase over diluted EPS of $0.30 for the same period last year. Diluted EPS for the year was $1.21, a 46 percent increase over EPS of $0.83 in 2006.A strong end to fiscal 2007 is fitting for what turned out to be a banner year for the publishing and design software vendor. The company released CS3, a combination of its own graphics creation products and Web design and multimedia tools that&#160;it acquired from Macromedia. It is the first real blend of the two companies&#39; complementary technologies in one suite.CS3 so far has been well-received by the creative Web and production design community that has been loyal to both Adobe and the former Macromedia for years, making Adobe the leader among those customers. However, this position also inspired more competition in 2007, most notably from software giant Microsoft, which came out with its Expression suite to rival CS3, as well as new cross-browser software called Silverlight to compete with Adobe&#39;s ubiquitous Flash multimedia technology.2007 also saw&#160;longtime Adobe CEO Bruce Chizen step down at the end of the fiscal year. He made the move as part of a planned transition and so he could pursue other career endeavors. Shantanu Narayen, former president and COO, is now chairman and CEO of the company.Adobe also provided on Monday estimates for its first quarter of fiscal 2008, which ends in February. The company expects revenue between $855 million and $885 million and EPS between $0.34 and $0.36 for the quarter. For fiscal 2008, the company reiterated its target annual revenue growth rate of about 13 percent, which it previously announced.
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The online auctioneerâs quarterly earnings beat Wall Street estimates by 2 cents a share, as sales were up 30 percent from a year earlier.
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Adobe Systems Inc.  reported on  Thursday that quarterly profit grew 16 percent, meeting  forecasts on higher sales of design software, and it reassured  investors that new products are on schedule, sending its shares  up 6 percent.
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After reporting solid third-quarter earnings Thursday, Adobe Systems Inc. hopes to crush Wall Street's long-standing concerns that the company can't perform consistently and across all divisions.
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Adobe reported that its net income hit $205.2 million, up 117 percent from the same quarter last year.
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Adobe Systems Inc.  on Monday reported a sharp rise in quarterly profit, driven by robust demand for its Photoshop and document-sharing software.
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The printer maker also predicted better-than-expected first quarter earnings, sending shares up.