Adobe Systems Reports Record Revenue and Operating Profit for Third Quarter of Fiscal 1999
نویسنده
چکیده
For the third quarter, Adobe achieved record revenue of $260.9 million, compared to $222.9 million reported for the third quarter of fiscal 1998 and $245.9 million reported in the second quarter of fiscal 1999. This represents a 20.6% increase in year over year revenue growth when taking into consideration revenue from businesses divested in fiscal 1998. Operating profit for the third quarter was $72.0 million, compared to an operating loss of $6.1 million in the third quarter of fiscal 1998, and operating profit of $51.5 million in the second quarter of fiscal 1999. Excluding restructuring and other charges, Adobe's record operating profit in the third quarter of fiscal 1999 was 29.3% of revenue, compared to 14.3% in the third quarter of fiscal 1998 and 27.2% last quarter. Net income for the third quarter of fiscal 1999 was $57.2 million, compared to $152,000 reported in the same quarter of fiscal 1998 and $45.0 million in the second quarter of fiscal 1999. Diluted earnings per share for the third quarter of fiscal 1999 were $0.88 based on 64.8 million weighted average shares. This compares with diluted earnings per share of $0.00 reported in the third quarter of fiscal 1998, based on 68.4 million weighted average shares
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