Record growth could slow

Article Excerpt

ADOBE SYSTEMS INC. $27.71 (Nasdaq symbol ADBE; SI Rating: Average) (408-536-6000; www.adobe.com; Shares outstanding: 525.2 million; Market cap: $14.6 billion) earned $284 million, or $0.54 a share, in the three months ended September 3, 2010. That’s up 52.6% from $186.1 million, or $0.35 a share, a year earlier. Revenue rose 42.0%, to a record $990.3 million from $697.5 million The gains were largely due to strong sales of Adobe’s Creative Suite 5, which it launched in April 2010. Creative Suite 5, which accounts for about 55% of Adobe’s revenue, is a package of photo-editing and desktop-publishing programs. However, the software maker warned that the weaker economy could slow Creative Suite 5’s sales growth in the current quarter. Adobe is a hold. hold…