Publishing software giant Adobe Systems said Thursday the company is on track to achieve financial targets for the current first quarter, which ends Feb. 28. Adobe said in a midquarter update announcement that it expects revenue of $275 million to $290 million for the quarter and pro forma earnings of 21 cents to 23 cents per share. The company is set to report first-quarter results March 13.
Adobe haswith the overall economic downturn, which has hit key clients in the advertising sector particularly hard. The company is banking on a new enterprise to help boost its business.