Adobe Systems' fiscal first quarter was stronger than expected and the company boosted its outlook for the next quarter amid new versions of its Flash Player and Creative Suite.
The company reported earnings of $127.2 million, or 24 cents a share, on revenue of $858.7 million, up from $786.4 million a year ago (statement). On a non-GAAP basis, Adobe reported earnings of 40 cents a share. Wall Street was expecting earnings of 37 cents a share on revenue of $827.4 million.
As for the outlook, Adobe said it was projecting second-quarter earnings of $875 million to $… Read more