Adobe Quarterly Profit Jumps 21 Percent
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The desktop publishing software maker said its fiscal fourth-quarter profit and sales rose to beat Wall Streetâs expectations, fueled by strong sales of Creative Suite 3 and Acrobat.
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Business software giant Oracle Corp. said Tuesday that first-quarter earnings rose 16 percent driven by new database license sales that rose 19 percent.
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Oracle Corp.'s quarterly profit surged 21 percent as the business software maker reaped the latest returns from a two-year shopping spree that has eliminated several major rivals and shored up its product line.
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Plus: Palm's losses continue...Take-Two loss shrinks, but outlook falls short...Adobe profit up 21 percent.
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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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Despite a slight seasonal dip, the software maker surpasses earnings expectations, as year-over-year growth comes in strong.
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Desktop publishing software maker Adobe Systems Inc. said Monday its fiscal fourth-quarter profit and sales rose to beat Wall Street's expectations, fueled by strong sales of Creative Suite 3 and Acrobat.
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Earnings at Adobe Systems Inc. increased 36 percent in the latest quarter as the company posted record revenue on strong sales of its graphics and imaging software.
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Oracle, the world's second largest software producer, saw profits jump 16% to $509m (Â£283m) in the first half of the year on strong sales of its core database products.
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By RACHEL KONRAD  SAN FRANCISCO - Adobe Systems Inc. reported record fourth-quarter revenue Thursday, but analysts sounded notes of caution regarding the company's bullish prospects for 2007, which is expected to be a tumultuous year for the software industry.
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The company said its net income rose to $156 million, or 59 cents a share, from $45 million, or 29 cents a share in the period a year earlier.
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Health insurer Aetna Inc.  AET.N on  Thursday posted a 21 percent jump in quarterly earnings and  also boosted its 2005 forecast, buoyed by better-than-expected  membership enrollment, pushing shares up 4  percent.
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Adobe Systems Inc. reported record fourth-quarter revenue and an increase in profit of 16 percent, thanks in part to strong sales of the newest version of digital document software Acrobat.
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Oracle Corp.  on Monday posted a 21 percent rise in quarterly profit, helped by sales of business software licenses to the customers of acquired rivals like Siebel Systems and PeopleSoft.
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Staples Inc. , the world's  largest office supplies retailer, reported on Thursday a  21.5-percent rise in quarterly profit, driven by increased  demand for its private label items and higher North American  retail sales.
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Oracle&#39;s stock price rose on Wednesday after the software maker reported that its first-quarter profit surged 16 percent compared to last year, reaching $509 million.
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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.