Adobe has reported record financial results for the second quarter of 2000. The company has also appointed a new chief financial officer.
Adobe achieved revenue of $300 million, compared to $245.9 million in the same quarter last year, and $282.2 million for the first quarter of 2000.
Net income for the quarter was $65.8 million, compared to $45 million in the second quarter of 1999. This represents 46 per cent year-on-year growth.
The company's success was driven by the Web, said CEO John Warnock: "Our Web publishing and Acrobat revenue accelerated, and our overall business continues to be fueled by the Internet. We are in the best position in the company's 17 year history."
In other news, Adobe announced the promotion of Murray Demo to senior vice president and chief financial officer. He was formerly interim CFO, vice president and corporate controller. Before joining Adobe three years ago, Demo was director of finance at Miller Freeman.