December 20, 2010
In Adobe’s fourth quarter earnings statement out today, the company recorded its first ever billion dollar quarter, achieving record revenue of $1.008 billion.
This beats the revenue target range of $950 million to $1 billion.
“We posted our first billion dollar quarter and record annual revenue in 2010, driven by outstanding performance across all of our major businesses,” said Shantanu Narayen, president and CEO of Adobe. “Adobe is transforming how the world is creating, measuring and delivering digital experiences. We are one of the most diversified software companies in the world and are entering 2011 with strong momentum.”
For the first quarter of 2011, Adobe is targeting revenue of $1 billion to $1.05 billion. The software company that helps clients “create, deliver, and optimize compelling content and applications” will launch Creative Suite 5 and Flash Player 10.1 next year.
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