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March 20, 2012 01:03 am GMT
Adobe's earnings for the first quarter of 2011 were a mixed bag. The company met earnings expectations and revenue increased, but net income continued to fall.Adobe reported revenue of $1.05 billion, up from $1.03 billion during the same period last year, as well as earnings per share (on a non-GAAP basis) of 57 cents, meeting analyst estimates. Operating income declined to $387 million (from $400 million), and net income fell to $285 million (from $298 million).
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/iogsld1VQZI/
Adobe Revenue Up To $1.05B, Profits Down
Adobe's earnings for the first quarter of 2011 were a mixed bag. The company met earnings expectations and revenue increased, but net income continued to fall.Adobe reported revenue of $1.05 billion, up from $1.03 billion during the same period last year, as well as earnings per share (on a non-GAAP basis) of 57 cents, meeting analyst estimates. Operating income declined to $387 million (from $400 million), and net income fell to $285 million (from $298 million).Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/iogsld1VQZI/
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