Adobe Reports 25% Drop in Q2 2009 Revenue, Still Calls It a Solid Performance

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Adobe Systems Inc reports revenue of $704.7 million in its second quarter ended May 29, 2009. This represents a 25% drop compared to the $886.9 million reported for the second quarter of fiscal 2008. Adobe’s Q1 2009 revenue was $786.4 million.

“We are pleased with the solid profit margin and earnings results we were able to deliver in Q2,” said Shantanu Narayen, president and CEO of Adobe. “We continue to invest in our key business initiatives which will drive long-term revenue growth once the economy improves.”

Adobe’s GAAP diluted earnings per share for the second quarter of fiscal 2009 were $0.24, based on 528.0 million weighted average shares. This compares with GAAP diluted earnings per share of $0.40 reported in the second quarter of fiscal 2008 based on 542.4 million weighted average shares, and GAAP diluted earnings per share of $0.30 reported in the first quarter of fiscal 2009 based on 527.8 million weighted average shares.

[Site: Adobe.com]

Chris Malinao

About Chris Malinao

Chris teaches Lightroom as workflow software to photography students at the FPPF, Federation of Philippine Photographers Foundation. He also teaches smartphone photography.

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