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. Adobeâ€™s Q1 2009 revenue was $786.4 million.
â€œWe are pleased with the solid profit margin and earnings results we were able to deliver in Q2,â€ said Shantanu Narayen, president and CEO of Adobe. â€œWe continue to invest in our key business initiatives which will drive long-term revenue growth once the economy improves.â€
Adobeâ€™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.