< > Nokia unveils 'Social' aggregation app ... Dibon to distribute Netbiscuits’ platform ...

Adobe CEO says Apple U-turn had 'muted' impact

Stuart Dredge
Adobe CEO says Apple U-turn had 'muted' impact

Company announces record revenues for Q3.

Adobe has announced record revenues of $990.3 million for its fiscal third quarter, which ended on 3 September.

Those revenues were up 42% from $697.5 million in Q3 last year. The company's GAAP net income rose from $136 million to $230.1 million in the same period.

"Strong performance in each of our major businesses contributed to record revenue and strong earnings in Q3," said president and CEO Shantanu Narayen.

"We remain bullish about Adobe's long-term role in enabling the transformation of content and applications across industries."

In the ensuing analyst call, Narayen talked about Adobe's mobile and device business specifically.

"Many smartphones, tablets and TVs are supporting the new Flash Player in the marketplace, including models from Google, Motorola, HTC, and Samsung," he said.

"In addition, we are working with strategic partners such as RIM, HP-Palm and Nokia to enable Flash on their platforms. And devices from Dell and LG and many other OSP partners will also soon be supporting Flash Player 10.1."

However, Narayen talked down the impact of Apple's recent decision to allow iOS app developers to use middleware tools - including Adobe's Flash Packager for iPhone - to make apps.

"In the short run, I would say the impact was muted," he said, although he also pointed out that the day Apple announced its new policy, several developers who'd used Flash Packager submitted apps to the App Store, which were subsequently approved.

The call transcript does provide some useful perspective to the Flash/Apple controversy though.

Financial analysts were far more interested in Adobe's performance with other products in the Japanese education market - showing that Adobe's spat with Apple is just a small part of its overall financial performance, for now at least.

Advertisement

Tags: adobe

Follow us on

  • RSS