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Adobe Flex: Article

Adobe Q2 Profits Rise 37%

Sales Gained 21% to $496M in the Quarter Ended June 3
By Adobe News Desk
Article Rating:
June 20, 2005 07:00 AM EDT
Reads:
 18,877
Adobe Chief Executive Bruce Chizen (pictured) said last week that Acrobat Version 7, which went on sale in January, helped generate record sales for the company, and led to second-quarter profits increasing 37% compared to the second quarter a year ago.

Although a lawsuit has been filed in a California court claiming Adobe management and directors breached their duties in agreeing to acquire Macromedia for $3.4 billion, sales gained 21% to $496 million in the quarter.

"We’re excited about the growth in our business. This is the eighth-consecutive quarter we’ve seen double-digit growth," Chizen said in a statement.

Published June 20, 2005 – Reads 18,877
Copyright © 2005 SYS-CON Media, Inc. — All Rights Reserved.
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