Adobe share rocks over-night...
It has been a real hard-time for many IT companies these days succumb to the wave started in the marked - US Recession. While, i am one of the worst hit while i saw all of it happen ... Adobe Share was at 48$ its all time 52Wk high couple of months ago. Not so soon, the declining started and it never ended. Adobe hit its low somewhere around 30$. A loss of 18$ due to recession in share price making the 25b$ company a 17b$ or less?
And it strikes back again. Creative solutions, Photoshop, Acrobat, Mobile everything rocked. Posting a very strong quarter revenues - 52% higher than expectations of wall-street. Net income for the quarter ended Feb. 29 rose to $219.4 million, or 38 cents a share, from $143.9 million, or 24 cents a share, in the year-earlier period. Meanwhile, revenue rose to $890.4 million from $649.4 million
Hitting an over night high from 31$ to 36$ (a whopping 5$ high) was really pleasing. Way to go.. keep going..
And it strikes back again. Creative solutions, Photoshop, Acrobat, Mobile everything rocked. Posting a very strong quarter revenues - 52% higher than expectations of wall-street. Net income for the quarter ended Feb. 29 rose to $219.4 million, or 38 cents a share, from $143.9 million, or 24 cents a share, in the year-earlier period. Meanwhile, revenue rose to $890.4 million from $649.4 million
Hitting an over night high from 31$ to 36$ (a whopping 5$ high) was really pleasing. Way to go.. keep going..
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