Adobe is No. 1 when it comes to arming publishers with the tools to stand out in cyberspace. Adobe Flash, Adobe Acrobat and Adobe Reader are everywhere. But there are big clouds on the horizon for the software company -- and one is the Cloud itself.
Adobe Systems on Monday reported its first quarter of revenue above $1 billion. For its fiscal fourth quarter, the software company turned a profit of $269 million, up from a loss of $32 million in the same period last year.
Adobe Systems's fiscal third-quarter earnings beat analyst expectations, but share prices plunged in after-hours trading after the largest maker of graphic-design software released lower-than-expected guidance for the fourth quarter.