Adobeâ€™s money-making machine is super-hot, with $205.2 million in net income for the 3-month period ending August 31. This translates to 34 cents a share for the company, more than double the $94.4 million, or 16 cents a share, it made in the same period last year.
This comes in the heels of its biggest product launch ever for Adobe Creative Suite 3, offering even more graphics and publishing capabilities that also pushed the software suiteâ€™s prices even higher.
Adobe offers six versions of the suite, for $1,600 to $2,500. Customers also may buy individual upgrades on 13 standalone applications, with prices that guarantee a good profit for the company.
Third-quarter sales were a record $851.7 million, up 41 percent from $602.2 million in the third quarter of 2006.
Excluding some expenses, including stock-based compensation and restructuring charges related to the December 2005 acquisition of Macromedia Inc., profit was $269.4 million, or 45 cents per share, compared with $171.5 million, or 29 cents per share, in the year-ago quarter.
[Via: New York Times]