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Submitted by Computers on Thu, 11/19/2009 - 11:21Adobe Acrobat 9
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Adobe Announces Rise in Profits
Submitted by Computers on Tue, 06/17/2008 - 10:24Adobe has announced it has seen a 41% rise in profit over the second quarter of 2008.
Revenue over the period was recorded at $887 million, which was led by a 40% sales increase in Europe, reports Reuters.
Shares in the software maker, who publishes packages such as Photoshop, Flash and Acrobat, dropped by three per cent and Adobe says it is struggling to meet its US financial targets.
Shantanu Narayen, chief executive of Adobe, told the news agency: "Demand for our products remains strong. [But] we are not immune to a recession."