Adobe Reports 2011 First Quarter Numbers
Q1 turns record revenue.
Adobe certainly had a solid first quarter in 2011, with record revenue of $1.028 billion reported.
Gross profit for 2011’s first quarter was $920,067, compared to 2010’s first quarter profit of $769,332. Adobe’s total current assets increased from 2010’s fourth quarter to 2011’s first quarter, climbing from $8,141,148 to $8,310,024.
Shantanu Narayen, president and CEO of Adobe, said, “Our record results in Q1 represent our sixth consecutive quarter of sequential revenue growth.”
Adobe has recently ramped up their offerings by releasing the Enterprise Edition of their Digital Publishing Suite on March 7th, which is being used by Conde Nast and Dennis Publishing, among others, to create digitized versions of magazines and newspapers.
Adobe also proposed a new technology they’re calling CSS Regions for the creation of magazine-like web layouts shortly after releasing the Digital Publishing Suite earlier this month. With this technology, digital magazine creators will be able to create a layout in which “content can flow from one area of the page to [the] next one without limitation of the area sizes and positions.”