Adobe: Strong first quarter; outlook cut over Japan

Japan represents Adobe's second largest country based on revenue and the company is cutting its second quarter outlook due to the earthquake, tsunami, and its aftermath.

Japan represents Adobe Systems' second-largest country based on revenue, and the company said today that is cutting its second-quarter outlook due to the earthquake, tsunami, and their aftermath.

For the fiscal second quarter, Adobe now projects revenue of $970 million to $1.02 billion. Non-GAAP earnings are expected to be 47 cents a share to 54 cents a share. Wall Street was looking ahead to non-GAAP earnings of 56 cents a share on revenue of $1.03 billion.

Adobe reported earnings for its first quarter, which ended March 4, of $234.6 million, or 46 cents a share, on revenue of $1.028 billion, up 20 percent from a year ago. Non-GAAP earnings were 58 cents a share. Wall Street was expecting earnings of 57 cents a share on revenue of $1.026 billion.

Read more of "Adobe: Strong first quarter, but outlook cut over Japan" at ZDNet's Between the Lines.

About the author

    Larry Dignan is editor in chief of ZDNet and editorial director of CNET's TechRepublic. He has covered the technology and financial-services industries since 1995.


    Join the discussion

    Conversation powered by Livefyre

    Show Comments Hide Comments
    Latest Galleries from CNET
    The breathtaking art and science of light
    SkyBell's Video Doorbell chimes in (pictures)
    Here's looking at you, Cloud LED (pictures)
    Take a peek at Microsoft Word, PowerPoint and Excel for Android tablets (pictures)
    Twitter's iOS app gets cool new features (pictures)
    An iPhone 6 case designed for Moment lenses (pictures)