Adobe Systems Inc. this week reported a decline in its first-quarter profit to $127 million, from $156 million reported during the same period last year. Revenues, however, were 9 percent higher during the fiscal quarter, which ended early March.
The San Francisco-based company said that revenues from its Creative Solutions group—which makes its popular Creative Suite products—ended at $432 million in the first quarter, down from $461 million during the same quarter last year.
Company CEO Shantanu Narayen said on a conference call with analysts that it would begin shipping the latest iteration of its Creative Suite software, CS5, some time in the current quarter.
The San Francisco-based company said that revenues from its Creative Solutions group—which makes its popular Creative Suite products—ended at $432 million in the first quarter, down from $461 million during the same quarter last year.
Company CEO Shantanu Narayen said on a conference call with analysts that it would begin shipping the latest iteration of its Creative Suite software, CS5, some time in the current quarter.
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