Adobe (http://www.adobe.com) has reported strong financial results for its third quarter fiscal year 2010 that ended Sept. 3.
In the third quarter of fiscal 2010, Adobe achieved record revenue of US$990.3 million, compared to $697.5 million reported for the third quarter of fiscal 2009 and $943.0 million reported in the second quarter of fiscal 2010. This represents 42% year-over-year revenue growth. Adobe’s third quarter revenue target range was $950 million to $1 billion.
Adobe’s GAAP [Generally Accepted Accounting Principles] diluted earnings per share for the third quarter of fiscal 2010 were $0.44, based on 523.2 million weighted average shares. This compares with GAAP diluted earnings per share of $0.26 reported in the third quarter of fiscal 2009 based on 531.8 million weighted average shares, and GAAP diluted earnings per share of $0.28 reported in the second quarter of fiscal 2010 based on 533.3...| Read more »