“Adobe Systems has reported Q3 earnings that blew past analyst expectations and the company’s own projections (revenue was $851.7 million, up 41 percent from a year ago) based on unexpectedly strong sales of its Creative Suite and Acrobat products. Because Adobe is the first major technology company to report earnings during this cycle, executives sometimes offer insights into the technology buying patterns that affect larger players such as Apple and Intel,” Jon Fortt blogs for Business 2.0.
Fortt reports notes from Adobe’s conference call:
• Bruce Chizen, CEO; and Shantanu Narayen, COO, are among those on the call.
• 36 percent increase in CS revenue. Adobe expects a long tail.
• Most popular versions: Design Premium , Design Standard, Master Collection, then others
• Strong demand for Mac versions
• 27 percent of revenue came from Photoshop Extended
• There was high demand for Mac video software — about 37 percent of the mix was Mac
• Shantanu says CS3 performance gains on the Mac are impressive, and the Mac is a vibrant platform. Adobe came back to the Mac with video products, and Adobe is off to a strong start with those.
• Bruce says the iPhone was a blessing for Adobe — a great device. The manufacturers who are looking to follow the iPhone are reading the reviews that say a deficiency of the iPhone is that it doesn’t have Flash — Chizen says that leads Adobe to believe that Flash will be on a lot of high-end handsets in the near future.
More in the full article here.
[Thanks to MacDailyNews Reader “Too Hot!” for the heads up.]