Adobe has record quarter, hits $1 billion revenue

Adobe has record quarter, hits $1 billion revenue
Adobe has posted its first-ever $1 billion quarter, a large 32 percent growth year-over-year.

For their record fourth quarter, Adobe posted revenue of $1.008 billion, up from $757 million in the same period last year.

In the 3Q this year, Adobe posted revenue of $990 million.

For the year, the company saw revenue explode 29 percent, from $2.95 billion to $3.8 billion.

Adds CEO Shantanu Narayen:
"We posted our first billion dollar quarter and record annual revenue in 2010, driven by outstanding performance across all of our major businesses, and we are entering 2011 with strong momentum."

Net income was a solid $384 million, up from $265.2 million in the Q4 2009.

Written by: Andre Yoskowitz @ 21 Dec 2010 1:59
Adobe Earnings
Advertisement - News comments available below the ad
  • 1 comment
  • KillerBug

    I guess it isn't hard to make a billion dollars when you charge $500 for a base version of a single app...even with massive piracy, they still make a killing.

    21.12.2010 04:47 #1

© 2024 AfterDawn Oy

Hosted by
Powered by UpCloud