Adobe Systems Increases Q1 FY2005 Financial Targets
Press release from the issuing company
SAN JOSE, Calif.--Feb. 1, 2005-- Adobe Systems Incorporated today provided its regular intra-quarter business update for its first quarter of fiscal 2005, which ends March 4, 2005.
In its business update, Adobe increased its first quarter financial target ranges to the following: revenue of $450 to $470 million, and earnings per share of $0.47 to $0.51. Adobe's prior target ranges, provided on December 16, 2004, were revenue of $435 to $455 million, and earnings per share of $0.45 to $0.48.
Adobe attributed the increased targets to greater than expected revenue thus far in the quarter for its new Acrobat 7.0 product family, which is shipping in all major languages. The Company also indicated Adobe Creative Suite and CS product momentum continues. Adobe further indicated it is experiencing solid demand in all of its major geographic markets.
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