Andre Yoskowitz
21 Dec 2010 1:59
Adobe has posted its first-ever $1 billion quarter, a large 32 percent growth year-over-year.
For their record fourth quarter, Adobe posted revenue of $1.008 billion, up from $757 million in the same period last year.
In the 3Q this year, Adobe posted revenue of $990 million.
For the year, the company saw revenue explode 29 percent, from $2.95 billion to $3.8 billion.
Adds CEO Shantanu Narayen:
"We posted our first billion dollar quarter and record annual revenue in 2010, driven by outstanding performance across all of our major businesses, and we are entering 2011 with strong momentum."