Tuesday, June 22, 2010

Adobe posts higher 2Q profit as revenue soars

Software maker Adobe Systems Inc. posted higher net income for its most recent quarter, driven by strong demand for the software package it sells to professional designers and developers.

Adobe earned $148.6 million, or 28 cents per share, in the fiscal second quarter, which ended June 4. This is up 18 percent from $126.1 million, or 24 cents per share, in the same period a year earlier.

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