Adobe’s earnings are on-track to meet second-quarter targets, the company announced yesterday.
Adobe reveals that Photoshop 7.0 sales have been strong. Bruce Chizen, Adobe president and CEO, said: “Adobe is well-positioned for future growth. Our long-term market-growth rates continue to be high, and we can be a 20 per cent-growth company after the economy fully recovers.”
Adobe paid $72 million for e-paper solutions firm Accelio. In the second quarter, Adobe expects to incur acquisition costs of about $12 million to $15 million, and a restructuring charge of about $1 million to $2 million, for severance and related costs.
Adobe is to axe 200 jobs following the Accelio acquisition, and plans to convert Accelio’s Canada-based HQ into a development and support centre.
Adobe expects pro forma earnings of 24 cents to 27 cents per share on revenue of $305 million to $325 million. The company will release its second-quarter results on June 13.