Instead, Creative Suite 4 (CS4) sales increased by $3 million to $432 million when compared to the previous quarter, sending Adobe's total sales up by 9.3% year-over-year to $859 million, surpassing the top end of management's own guidance by $9 million. GAAP earnings fell from $0.30 per share to $0.24 per share on the same basis, near the very pinnacle of Adobe's guidance. Other than unexpectedly high demand for the aging CS4 suite, the Acrobat document handling catalog and the recently acquired Omniture advertising arm contributed to Adobe's outperformance.
And an outperformance it was. On a muted market day where tech stalwarts such as Apple
Speaking of Apple, Adobe CEO Shantanu Narayen took the opportunity to clarify where his company stands with respect to getting Flash content to play on the Apple iPhone and iPad, among other new devices.
"We are committed to bringing Flash to any platform on which there's a screen," he said. "You've seen demonstrations of Flash running on smartphones from multiple vendors at Mobile World Congress, including [Google
In fact, Narayen wants to see flash on every smartphone platform out there, from Android and iPhone to the Nokia
Adobe is doing well and seems to understand what it takes to stay healthy in this ever-changing technology landscape. Today's price pop is well-deserved, in my opinion.
But what's your opinion? Tell everyone what you think in the comments below.
Fool contributor Anders Bylund owns shares in Google, but he holds no other position in any of the companies discussed here. Intel, Microsoft, and Nokia are Motley Fool Inside Value picks. Google is a Motley Fool Rule Breakers recommendation. Apple and Adobe Systems are Motley Fool Stock Advisor picks. The Fool has created a covered strangle position on Intel. Motley Fool Options has recommended a buy calls position on Intel. Motley Fool Options has recommended a diagonal call position on Microsoft. Try any of our Foolish newsletter services free for 30 days. You can check out Anders' holdings and a concise bio if you like, and The Motley Fool is investors writing for investors.