Adobe yesterday reported strong second quarter results with 28 per cent revenue growth.
The company described this growth as driven by record Creative Suite and Adobe Acrobat revenues.
In the second quarter 2004, the company achieved revenue of $410.1 million compared to $320.1 million in the second quarter 2003. The company achieved revenue of $423.3 million in 2004's first quarter. Generally Accepted Accounting Principles (GAAP) net income was $109.4 million in the just-gone quarter, in contrast to $64.2 million in the year-ago quarter. Year-on-year net income climbed 70 per cent, the company said.
Adobe president and CEO Bruce Chizen said: "Continued strong demand for the Adobe Creative Suites and the Adobe Acrobat product family, combined with solid execution across our business, highlighted another exceptional quarter.
"Our strategy of delivering comprehensive platforms to our customers is driving greater revenue than anticipated. As a result, we expect to exceed our previous full year financial targets."
Adobe is aiming for third-quarter revenue of $360-$380 million, of which 21-22 per cent will be dedicated to research and development.