As the third quarter trails to an end, earning results from companies are beginning to come in. Adobe has just reported their third quarter revenue earnings for this quarter, 2010, and they managed to post some record numbers. The company saw sales of $990.3 million for the third quarter, which is compared to the $697 million revenue recorded in 2009, which is a 42% jump from the previous year. Revenue also increased from $943.0 million in the second quarter of 2010.
Adobe managed to keep up the good work in their net income as well. The company reported that their non-GAAP diluted earnings per share quarter were $0.54, versus the $.035 recorded in the third quarter of last year. Recorded non-GAAP net income was listed at $284.0 million this quarter, put against the $186.1 million from 2009. Adobe’s CEO Shantanu Narayen made this comment about Adobe’s third quarter earnings for this year.“We remain bullish about Adobe’s long-term role in enabling the transformation of content and applications across industries.”
There’s no doubt that, despite the wars that Adobe fought in the tech market with the likes of Apple, that the company is doing well for itself. Beyond well, actually, as we look at their third quarter earnings. Let’s hope that all of the other companies out there were as lucky as Adobe, as we roll into the fourth quarter of 2010, and we start seeing more earning reports across the board.