Adobe posts record-breaking billion-dollar quarter

The record sales figure is up a third year-on-year compared with US$757.3m in Q4 2009 and above the high end of its US$950m to US$1bn guidance.

This helped the software giant post record full-year revenues of US$3.8bn – a 29% year-on-year growth – for the year, driven by strong sales of the company’s core Creative Suite product.

Pre-tax profit for the quarter was US$286.9m compared to US$153.6m the year prior.

The record results and announcement that its first-quarter sales would exceed analyst estimates pushed shares in the company up 6% on the news.

President and chief executive Shantanu Narayen said: “We posted our first billion-dollar quarter and record annual revenue in 2010, driven by outstanding performance across all of our major businesses. We are one of the most diversified software companies in the world and are entering 2011 with strong momentum.”

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