Adobe achieved record revenue in its fourth quarter 2005.
Revenue reached $510.4 million, compared to $429.5 million reported for the fourth quarter of fiscal 2004 and $487.0 million reported in the third quarter of fiscal 2005. On a year-over-year basis, this represents 19 per cent revenue growth. Adobe's fourth quarter revenue target range was $490 to $510 million.
"2005 was another remarkable year for Adobe," said Adobe CEO Bruce Chizen: "We grew our business 18 per cent, generated record profits, and for the third consecutive year, achieved record revenue. At the same time, we completed our acquisition of Macromedia, which positions us for future growth."
He also promised Adobe would expand into new markets, "particularly in the mobile and enterprise segments."
Net income (under US good accountancy practices) was $156.3 million for the quarter, compared to $113.5 million in the fourth quarter 2004.
Adobe achieved record revenue of $1.966 billion in fiscal 2005, compared to $1.667 billion in fiscal 2004. On a year-over-year basis, annual revenue grew 18 per cent.
Adobe is aiming at $630-$660 million revenue in the first quarter of 2006, and revenue of approximately $2.7 billion for the year.