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September 20, 2011

Adobe revenue grew by 2.3% to $1.013bn in Q3

Adobe expects revenue to be in the range of $1.075bn to $1.125bn for the fourth quarter

By CBR Staff Writer

Adobe Systems has reported a revenue of $1.013bn for the third quarter fiscal year 2011 ended 2 September 2011, up 2.3% from $990.3m in the same quarter previous fiscal.

The company’s GAAP diluted earnings per share were $0.39, while non-GAAP diluted earnings per share were $0.55.

Adobe has posted GAAP operating income of $274m with GAAP operating margin at 27.1%, while non-GAAP operating income of $366 million with non-GAAP operating margin was 36.1%.

The company has reported a GAAP net income of $195m, and non-GAAP net income of $273m for the third quarter this fiscal.

Adobe president and CEO Shantanu Narayen said we are aligning around two large initiatives: Content Authoring and Digital Marketing, and each of these opportunities offers significant growth potential, and Adobe is well-positioned to be the market leader in both.

Adobe executive vice president and CFO Mark Garrett said, "At the high end of their financial targets for our fourth quarter, we will achieve our 10% annual revenue growth target as well as earnings growth of 20% for the fiscal year."

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Adobe is targeting revenue of $1.075bn to $1.125bn for the fourth quarter of fiscal 2011.

The company’s operating margin is targeted to be 26.5% to 29.5% on a GAAP basis, and 36% to 38% on a non-GAAP basis.

Adobe expects its GAAP and non-GAAP tax rates to be approximately 22%.

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