Adobe revenue slows ahead of upgrades, shares fall

BOSTON (Reuters) - Adobe Systems Inc, maker of Photoshop and Acrobat software, said revenue growth slowed as sales of its widely used Creative Suite software fell, missing its forecasts, ahead of widely anticipated product launches this quarter. Revenue rose 1.7 percent to $1.045 billion in its fiscal first quarter ended March 2, slightly below the $1.054 billion average forecast of analysts polled by Thomson Reuters I/B/E/S. Sales at the digital media unit, which produces Adobe's widely used Creative Suite, fell 4 percent from a year earlier to $730 million. ...

Source: http://news.yahoo.com/adobe-revenue-slows-ahead-upgrades-202149155.html

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