Welcome!

Adobe Flex Authors: Keith Swenson, Jacques Durand, Pat Romanski, Liz McMillan, Aditya Banerjee

Related Topics: Adobe Flex, Cloud Expo

Adobe Flex: Article

Adobe Pre-Announces Q1 Results

Seasonal strength in Japan helped to offset some of the weakness in the quarter
By Maureen O'Gara
Article Rating:
March 9, 2009 10:15 AM EDT
Reads:
 2,322

Adobe, the subject of a lot of Wall Street downgrades lately, pre-announced Wednesday and said it will fall short of its revenue target of $800 million-$850 million for the February quarter.

Instead it should clear 30 cents a share (GAAP) on revenues of $783 million-$786 million,

That would be 44 cents or 45 cents a share on a non-GAAP basis. The numbers work out to a 26%-26.5% gross margin on a GAAP basis and 37%-37.5% on a non-GAAP basis, slightly less than it had hoped for but within range thanks to cost controls.

Everybody knows that Adobe’s Creative Suite 4 hasn’t been selling because of economic austerity and the company agreed lack of upgrade sales was to blame. It said that seasonal strength in Japan, as well as success with its LiveCycle enterprise business, helped to offset some of the weakness in the quarter.

It guided to revenues this quarter of $675 million to $725 million, with an operating margin of 21%-26% (GAAP) and 32%-36% (non-GAAP).

The company is scheduled to post its formal fiscal Q1 results on March 17.


Adobe's CTO giving a Keynote at AJAXWorld RIA Conference & Expo, in San Jose, California

Published March 9, 2009 – Reads 2,322
Copyright © 2009 SYS-CON Media, Inc. — All Rights Reserved.
Syndicated stories and blog feeds, all rights reserved by the author.

More Stories By Maureen O'Gara

Maureen O'Gara the most read technology reporter for the past 20 years, is the Cloud Computing and Virtualization News Desk editor of SYS-CON Media. She is the publisher of famous "Billygrams" and the editor-in-chief of "Client/Server News" for more than a decade. One of the most respected technology reporters in the business, Maureen can be reached by email at maureen(at)sys-con.com or paperboy(at)g2news.com, and by phone at 516 759-7025.

Comments (0)

Share your thoughts on this story.

Add your comment
You must be signed in to add a comment. Sign-in | Register

In accordance with our Comment Policy, we encourage comments that are on topic, relevant and to-the-point. We will remove comments that include profanity, personal attacks, racial slurs, threats of violence, or other inappropriate material that violates our Terms and Conditions, and will block users who make repeated violations. We ask all readers to expect diversity of opinion and to treat one another with dignity and respect.