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Adobe reports $83 million Q4 profit

Adobe on Thursday reported a fourth quarter profit of US$83.3 million, or 34 cents per diluted share, up from $40.1 million, or 17 cents per diluted share, in the year-ago quarter. Revenue was up 22 percent to $358.6 million, from $294.7 million. “During fiscal 2003, we expanded our commitment to the creative professional, [and] extended our reach into the digital imaging and video markets,” said Bruce Chizen, Adobe’s CEO. “Given the positive momentum we established during the year, we’re optimistic about our opportunities for continued growth in fiscal 2004 and we are reaffirming our annual financial targets.”

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