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Earnings Calls: 
Adobe Systems First Quarter Earnings Call
Author: 123jump.com Staff
123jump.com
Last Update: 7:30 AM EDT March 28 2008


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The company posted quarter GAAP net income of $219.4 million versus $143.9 million in the first quarter fiscal 2007, and $222.2 million in the fourth quarter fiscal 2007. The headcount rose from 6,794 at the end of fourth quarter fiscal 2007 to the current quarter level of 7,037, with the most part of the increase relating to R&D. Adobe Systems now forecasts second quarter revenues to be in the range of $855 million to $885 million and EPS target is in the range 35 cents to 37 cents.


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Sequential Earnings Growth | Quarterly Earnings by Year | Quarterly Earnings Growth by Year

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Shantanu Narayen: There is no shortage of ideas concerning features. We are innovating excellently. Looking at some of our major products, as it relates to the creative business, we have the ability to continue to innovate both in terms of Point features as well as in terms of workflow. The reality is when we put together Adobe and Macromedia, we only had a year to do that integration. The quality and quantity of ideas for the next version of those products greatly outpaced that of the previous version.

Looking at Acrobat and Business Productivity, we consider what we can do with collaboration. For LiveCycle, there is the opportunity to continue to provide great workflow; for Mobile, there is the ability to go high-definition on video and provide digital rights management. Finally with AIR, the ability to deliver a brand new environment that can define how experiences happen on the web.
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