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Sep 17 2008

Adobe hits success with Q3 reports

Sardar Mohkim Khan 

image200 Adobe hits success with Q3 reportsLooks like Adobe has a cake to bite as the company did extremely well to achieve higher than what they had expected for the Q3 sales. Adobe had set its third quarter range for revenue in the range of $855 to $885 million, but the quarter appeared to prove lucky as Adobe amassed a massive $887.3 million.

With the third quarter faring far much better than anticipated, Adobe has high hopes for the fourth one. And with their Creative Suite 4 product set to make way anytime next week, Adobe has everything to dream big.

CEO and President Shantanu Narayan was much pleased with the outcome and commented;

Our strong performance in Q3 was driven by record revenue for our Acrobat and LiveCycle products, as well as the overall diversity of our business.

The expectations were set to get higher with Q3 performance speaking volumes of a much higher turn around; Adobe has set its fourth quarter aims for revenue in the range of $925 to $955 million. That wouldn’t be a much difficult task given that Adobe is set to launch its prime product named Creative Suite 4, Adobe can very achieve much more given the success of its previous products namely; Acrobat and LiveCycle.

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