TechTarget

Adobe makes $1bn in fourth quarter

Adobe Systems has reported record revenue of $1.008bn for Q4 2010, compared with $757.3m reported for the same quarter of 2009 and up $17m on the third quarter...

Adobe Systems has reported record revenue of $1.008bn for Q4 2010, compared with $757.3m reported for the same quarter of 2009 and up $17m on the third quarter of 2010.

This represents 33% year-over-year revenue growth.

The company also reported record revenue of $3.8bn in 2010, compared with $2.95bn in 2009.

Shantanu Narayen, president and CEO of Adobe, said, "Adobe is transforming how the world is creating, measuring and delivering digital experiences. We are one of the most diversified software companies in the world and are entering 2011 with strong momentum."

This year Adobe launched Creative Suite 5, a significant upgrade to its flagship multimedia and website development package.

The company has begun expanding into the cloud, offering users the ability to host Flash applications on Amazon web services.

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