Adobe Posts Record Revenue, Up 42 Percent To $990 Million. Adobe posted record revenue for its third quarter, seeing sales of $990.3 million, compared to $697.5 million reported for the third quarter of 2009 (revenue also increased from $943.0 million reported in the second quarter of 2010).
Revenue jumped 42 percent from the previous year. Net Income also remained strong for Adobe. Adobe’s non-GAAP diluted earnings per share quarter were $0.54, compared to $0.35 reported in the third quarter of 2009. Non-GAAP net income was $284.0 million for the third quarter, compared to $186.1 million from the previous year. Adobe Buys ECM Vendor (and Apache Contributor) Day Software. Adobe today announced it has reached a deal to acquire ECM vendor Day Software.
In a telephone interview, Erik Larson Senior Director of Product Management at Adobe, cited Day's technology's scalability and social features and the company's support for open-source software as the primary factors driving the acquisition. According to Day's website, "Day Chief Scientist Roy Fielding was co-founder of the Apache Software Foundation, author of the Apache Software license, and creator of the Apache web server. " Day has contributed to 12 Apache projects and 25 other open-source projects. Day, founded in Basil, Switzerland in 1993, is a somewhat lesser known player in the ECM market - and Gartner predicted last year the company's market position would decline. However, it has an impressive portfolio of clients including GM, Audi, McDonald's. What the acquisition means, if anything, for Apache remains to be seen. Adobe financials: little change in segment breakdown « Tim Ander.
By tim, on September 16th, 2009 Follow tim on Twitter Adobe has released its Q3 2009 results [pdf], which show a decline in both revenue and profits compared to Q3 2008.
I’m not a financial analyst, but the general view seems to be that the figures are reasonable considering the economic downturn, and that Adobe has done well to trim its costs accordingly. Adobe Systems Incorporated Financials - Tracked.com. Company Models. Behind the Adobe-Apple cold war - Fortune Brainstorm Tech. The blue Lego of death If you were watching Steve Jobs' iPad demo closely Wednesday, you would have seen it briefly as he showed off the device's Web-surfing chops: the blue Lego of death.
For everyone who has tried to play Farmville on an iPhone, or watch Hulu on an iPod Touch, the little blue icon is already familiar. Adobe: Apple's anti-Flash movement a risk to business. Apple has made Adobe's list of potential risks to its business because it won't use Flash in the iPhone or iPad.
In its quarterly filing with the Securities and Exchange Commission, Adobe said (emphasis mine): We offer our desktop application-based products primarily on Windows and Macintosh platforms. The Flash Blog » Apple Slaps Developers In The Face. [Adobe would like me to make it clear that the opinions below are not the official views of the company and are entirely my own.]
By now you have surely heard about the new iPhone 4.0 SDK language that appears to make creating applications in any non-Apple-approved languages a violation of terms. Obviously Adobe is looking into this wording carefully so I will not comment any further until there is an official conclusion. The Adobe - Apple Flame War. The short version: Who, in his right mind, expects Steve Jobs to let Adobe (and other) cross-platform application development tools control his (I mean the iPhone OS) future?
Cross-platform tools dangle the old “write once, run everywhere” promise. But, by being cross-platform, they don’t use, they erase “uncommon” features. To Apple, this is anathema as it wants apps developers to use, to promote its differentiation. It’s that simple. Adobe: A Lot More at Stake Than Apple Devices -
I don't know about anyone else, but frankly I am getting sick and tired of all the whining that's taking place when it comes to the Adobe (ADBE) and Apple (AAPL) saga.
Both companies needs to stop making this an issue in the media, stop trying to pitch bloggers on whose side they should take, and instead should focus their efforts on their core business. For starters, don't let the discussion get sidetracked by those who want to imply that Apple is supporting HTML5 out of the goodness of their heart or because they want to support some kind of "open standards". Apple's decision not to support Flash on their devices is purely a business decision and one they have the right to make. Anyone who tries to imply that Apple is being the "Robin Hood" of the industry, and is trying to do away with proprietary technology for the benefit of us all, is simply wrong.
Adobe has allowed Apple to get under their skin and, as a result, given Apple a lot of press. Follow Dan Rayburn. Adobe Upgrades Software to Help Defend Against Apple (Update3) - Why Apple Changed Section 3.3.1. Thursday, 8 April 2010 We’re still in the early days of the transition from the PC era to the mobile era.
Right now, Apple is winning. There are other winners right now too — RIM is still growing, and Android has grown a ton in the past year. The App Store platform could turn into a long-term de facto standard platform. That’s how Microsoft became Microsoft. I don’t think Apple even dreams of a Windows-like share of the mobile market. So what Apple does not want is for some other company to establish a de facto standard software platform on top of Cocoa Touch. And, obviously, such a meta-platform would be out of Apple’s control. So from Apple’s perspective, changing the iPhone Developer Program License Agreement to prohibit the use of things like Flash CS5 and MonoTouch to create iPhone apps makes complete sense. Flash CS5 and MonoTouch aren’t so much cross-platform as meta-platforms.
So consider how this change affects the various parties involved: Web developers: No change. Adobe Finally Takes On Apple, Google In Mobile. The Real Story Behind Adobe’s Failed Mobile Strategy. CHART OF THE DAY: In Case You Were Wondering Where Adobe's Reven. Citi Sees Overreaction To Adobe Systems (ADBE) Apple (AAPL) Spat. Citi Investment Research & Analysis analyst Walter H Pritchard maintained his Buy rating for shares of Adobe Systems Incorporated (Nasdaq: ADBE), with a price target of $42 per share.
Pritchard said that the controversy started by Apple Inc. (Nasdaq: AAPL) about Flash has caused an 8% to 30% discount in Adobe Systems Incorporated shares. The Citi Investment Research & Analysis analyst wrote, "the stock trades at 17x forward 12-month EPS, which is a 30% premium to S&P500. This compares to a 60-120% premium during past CS product cycles.