Adobe caps rough fiscal year
Adobe reports a fourth-quarter net loss of $32.04 million, but says it saw increased consumer demand as it wound down a difficult fiscal year.
Adobe Systems on Tuesday said it saw an "improvement in customer demand" as it wound down a difficult fiscal year.
The company reported a fourth-quarter net loss of $32.04 million, or a loss of 6 cents a share, on revenue of $757.3 million, down from a profit of $245.9 million, or 46 cents a share, on sales of $915.3 million in the same quarter a year ago. The figures include the results from recently acquired Web analytics firm Omniture, which chipped in revenue of $26.3 million.
Non-GAAP earnings were $206.8 million, or 39 cents a share (statement). Wall Street was expecting non-GAAP earnings of 37 cents a share.
Read more of "Adobe caps rough fiscal year; Sees demand improve" at ZDNet's Between the Lines.