Adobe Beats The Street; Revenue Up 20 Percent To $1.03 Billion

Adobe is reporting another record quarter today. The company announced the results for the first quarter of fiscal 2011, reporting record revenue of $1.03 billion, which an increase of 20 percent from the same quarter in 2010. Adobe just beat analyst estimates of $0.57 per share; posting non-GAAP diluted earnings per share at $0.58.


Adobe’s non-GAAP operating income was $400.1 million in the first quarter of fiscal 2011, compared to $289.3 million in the first quarter of fiscal 2010 and $384.0 million in the fourth quarter of fiscal 2010. Non-GAAP net income was $298.1 million for the first quarter of fiscal 2011, compared to $211.7 million from same quarter in the previous year and $285.7 million in the fourth quarter of fiscal 2010.