Adobe has reported its financial results for the third quarter ended 1 September 2006, reflecting some financial impact following its December purchase of Macromedia.

Adobe achieved revenue of $602.2 million, compared to $487.0 million reported for the third quarter of fiscal 2005 and $635.5 million reported in the second quarter of fiscal 2006.

On a year-over-year basis, this represents 24 per cent revenue growth. Adobe's third quarter revenue target range was $580 to $610 million.

"Q3 was a solid quarter for Adobe with revenue and earnings near or above the high end of our financial target ranges," said Adobe CEO Bruce Chizen. "With new products launching this quarter, our outlook for the remainder of the year remains positive."

Adjusted by Generally Accepted Accounting Principles (GAAP), net income was $94.4 million for the third quarter of fiscal 2006, compared to $144.9 million reported in the third quarter of fiscal 2005, and $123.1 million in the second quarter of fiscal 2006.

Adobe's GAAP operating income was $110.0 million in the third quarter of fiscal 2006, compared to $183.6 million in the third quarter of fiscal 2005 and $147.9 million in the second quarter of fiscal 2006. As a percentage of revenue, GAAP operating income in the third quarter of fiscal 2006 was 18.3 per cent, compared to 37.7 per cent in the third quarter of fiscal 2005 and 23.3 per cent in the second quarter of fiscal 2006.

For the fourth quarter of fiscal 2006, Adobe announced it is targeting revenue of $655 million to $685 million.