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Adobe Systems Incorporated Message Board

  • whynot327 whynot327 Mar 22, 2006 5:14 PM Flag

    Adobe 1st-qtr net profit falls on highe

    Adobe 1st-qtr net profit falls on higher costs
    Wed Mar 22, 2006 5:04 PM ET
    SAN FRANCISCO, March 22 (Reuters) - Design software maker Adobe Systems Inc. (ADBE.O: Quote, Profile, Research) on Wednesday posted lower quarterly net profit, weighed down by costs related to its acquisition of Macromedia.

    First-quarter net income fell to $105.1 million, or 17 cents per share, from $151.9 million, or 30 cents per share, a year ago. Revenue at the company known for its Photoshop editing and Acrobat document-sharing software rose to $655.5 million from $472.9 million.

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