Wednesday, June 22, 2011

Adobe Beats The Street; Q2 Revenue Up 9 Percent To $1.02 Billion

Adobe reported strong second quarter earnings at market close today, posting revenue of $1.023 billion, up 9 percent year over year. The Company says revenue came in at the higher range of its targeted revenue range of $970 million to $1.020 billion. GAAP diluted earnings per share grew 61 percent year-over-year to $0.45. Non-GAAP diluted earnings per share grew 25 percent year-over-year to $0.55, beating analyst expectations of $0.51 per share.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/4ReUsQpWN0U/

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