View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
March 20, 1997updated 05 Sep 2016 12:24pm

ADOBE TO SHARE SPOILS WITH SHAREHOLDERS

By CBR Staff Writer

Adobe Systems Inc shares jumped for joy at the company’s fiscal first quarter figures, adding over $4 to hit $39 as the San Jose company coupled the figures with news that it will pay investors a dividend from time to time based on the profit that it makes from selling stakes it owns in other public companies in which it has invested on its own account, via the venture capital fund it runs with with the help of Hambrecht & Quist LLC, and acquisitions made by firms it bought. The fund has already had the odd success, such as Netscape Communications Corp and PointCast Inc… To date, the company has received $72.6m in cash from its venture capital business – already substantially more than the $60m or so that it has invested, and will distribute some of the money to its investors through periodic dividends, the first of which will be paid within the next few months, it said. Profit from operations in the quarter were $0.61 a share where analysts had looked for $0.42 a share. Revenue generated by applications, aided by the release of the new version of its flagship PageMaker product, rose to $175m from $146.7m. Licensing revenue increased nearly 10% to $51.5m. Adobe’s overall sales for the quarter rose 17% to $226.5m.

Content from our partners
Green for go: Transforming trade in the UK
Manufacturers are switching to personalised customer experience amid fierce competition
How many ends in end-to-end service orchestration?

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU