Adobe: Q1 Down 12% (We Think)

Mar 04, 2009

Adobe: Q1 Down 12% (We Think)

Adobe figures its Q1 will be in the range of $783-$786 million, down from its previously lowered estimates for the quarter.

The new range is down about 12% from the $890.4 million it earned in Q1 a year ago.

Analysts figure higher prices for last fall's CS4 release are to blame, in addition to the economy affecting ad production, something Adobe hints at in its press release:

The Company cited weakness in its creative and knowledge worker businesses as the primary reason for the revenue shortfall.

Source.

Posted at 02:05 PM in CAD: Financials | Permalink

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WorldCAD Access

talking about computers and design by Ralph Grabowski

Mar 04, 2009