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Adobe's Sales Up, Profit Down

By Irina Guseva in Industry News on Sep 17, 2008

Adobe’s Profit Down, But Sales Up for Q3 2008

Adobe Systems, a publishing and design software company, has reported that its quarterly profit fell 7%, but this is still better than what Wall Street has expected.

Higher operating costs and lower interest income contributed to Q3’s lower net profit. But the company is optimistic, as it plans to unveil new Adobe Creative Suite 4.0 in several days.