For its first fiscal quarter, the company reported a net income up 9% at $54.2m on revenue that was up 11% at $296.9m. Adobe does not disclose its sales by product line, but executives were reported as saying the e-paper division to which Acrobat belongs had its best quarter ever.
Adobe CEO Bruce Chizen said in a statement that the period was its second consecutive quarter of double-digit revenue growth. He added: These results are particularly encouraging given our strong product line up for the remainder of the year, beginning with a new version of Acrobat targeted to launch in Q2.
That puts the launch in roughly the same time-frame as the expected delivery of InfoPath from Microsoft Corp. InfoPath, formerly known as XDocs, is Microsoft’s take on a common data format to be shared by Office applications, and has been compared to PDF, Adobe’s ubiquitous Portable Document Format.
Source: Computerwire
