Adobe exceeded analyst's forecasts for the fourth quarter with reported revenues of $246.7 million.
This Revenue for the fourth quarter ending 27 November compares with $227.1 million for the same period last year and $222.9 million for the third quarter, 1998.
Fourth quarter profit was $50.3 million, compared to $46.8 million in the same quarter, 1997.
The company said application product revenues were up from last year to $207.7 million from $180.8 million.
However, licensing revenue was down from $46.4 to $39.0 million year on year. Adobe attributed this decline to ongoing weakness in Japan?s PC and printer markets.
Total revenue for the year was down slightly from $911.9 million in 1997 to $894.8 million.
Net income was $105.1 million compared to $186.8 million the year before. Included in the figures for net income were charges related to restructuring.
John Warnock, company CEO commented: ?Adobe had a strong quarter, including record setting worldwide revenue from Adobe Illustrator and Acrobat products. Our two new web products ImageReady and ImageStyler were well received and we continue to gain momentum in this area of our business.?
?Though cautious about the outlook in Japan, we are taking the right steps to drive 15 per cent annual growth for the company in 1999, and an annual operating margin of 25 per cent,? he added.
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