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Flex News Desk Adobe Q2 Profits Rise 37%
Sales Gained 21% to $496M in the Quarter Ended June 3
By: Adobe News Desk
Jun. 20, 2005 07:00 AM
Although a lawsuit has been filed in a California court claiming Adobe management and directors breached their duties in agreeing to acquire Macromedia for $3.4 billion, sales gained 21% to $496 million in the quarter. "We’re excited about the growth in our business. This is the eighth-consecutive quarter we’ve seen double-digit growth," Chizen said in a statement.
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Adobe Chief Executive Bruce Chizen (pictured) said last week that Acrobat Version 7, which went on sale in January, helped generate record sales for the company, and led to second-quarter profits increasing 37% compared to the second quarter a year ago. 
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