Electronista

Mobile News   Graphics/Web Design  
updated 12:11 AM EST 12.14.12
Adobe reports robust Q4, just beats Wall Street estimates
Software maker Adobe reported its fiscal 2012 and fourth-quarter earnings on Tuesday, marginally beating analysts' expectations on both earnings and revenue. In after-hours trading, the stock is up six percent to $37.66 on the news. Investors and analysts were particularly pleased to hear that the company has managed a transition to less upgrade cycle-based highs and lows by opening a software-rental and cloud-storage service, called Creative Cloud, that appears to be gaining traction with the company's creative professional base.