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‘Good results and new products’, says Adobe Chief

‘Good results and new products’, says Adobe Chief
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First Published: Tue, Feb 13 2007. 03 12 PM IST
Updated: Tue, Feb 13 2007. 03 12 PM IST
By Agencies
Adobe Systems Inc., the world’s largest maker of design software, said 2007 will be “one of the best years” for the company as it introduces new products, CEO Bruce Chizen said.
“We’re looking forward to a good Q1 and certainly this will be one of the best years ever for Adobe,” Chizen said in an interview today at the 3GSM World Congress in Barcelona. “We’ll be introducing more than 14 products cross platform in our Q2.” Adobe’s fiscal year ends in November.
The company is using a version of Flash to boost sales in the world’s mobile handset market. Adobe spent $3.2 billion to buy Macromedia Inc. to gain a range of Web-design programs and Macromedia’s Flash, software for playing videos that’s used in 98 percent of the world’s computers.
Chizen reiterated that profit this quarter will be at least 28 cents a share, excluding costs for stock-based compensation, acquisitions and other expenses, on sales of $640 million to $670 million.
“Anywhere within that guidance range would be good,” he said in the interview. Adobe is based in San Jose, California.
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First Published: Tue, Feb 13 2007. 03 12 PM IST
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